More people moved to this Florida city than anywhere else in 2023, according to U-Haul

Record number of people moving to Florida

MELBOURNE, Fla. - For the seventh year in a row, Florida cities are experiencing more growth than any other state in the U.S., according to a new report from U-Haul.

The Palm Bay-Melbourne market was ranked as the top destination for movers in 2023, according to U-Haul's report published Wednesday that measures one-way movers in U-Haul equipment from last year. Last year, it was ranked fourth.

Over 54% of all one-way U-Haul traffic was arriving in Palm Bay-Melbourne, compared to just over 45% departing, the report said.

U-Haul said it measured city growth by calculating net gain (or loss) of one-way equipment from customer transactions in 2023. Last year, over 2.5 million one-way transactions with U-Haul equipment were recorded.

(Photo via Smith Collection/Gado/Getty Images).

The moving company said these migration trends – which lump neighboring cities together for data purposes – do not directly correlate to population or economic growth. Rather, it's an effective way of seeing how states and cities are attracting and maintaining residents, according to the report.

"Growth in the Palm Bay-Melbourne area has been increasing at an explosive rate," said Cal Conner, president of U-Haul of Eastern Florida. "The Space Coast has many companies investing in this region and creating jobs such as Embraer, SpaceX, Northrop Grumman, Lockheed Martin and L3Harris Technologies. We have a low cost of living compared to many of the northern cities people have left. Add to that our fantastic year-round climate, and you can see why Palm Bay-Melbourne is such a desirable area to live."

Ocala was ranked the No. 1 growth city in 2022, but slid into the No. 2 spot in 2023. There are seven Florida markets ranked in the top 25, including Sarasota-Bradenton, Kissimmee-St. Cloud and North Port, to name a few.

RELATED HEADLINES:

World population grew by 75 million in 2023, will grow to more than 8 billion on Jan. 1

These small towns and cities are ranked the safest in America, study shows

Study suggests people are leaving some U.S. neighborhoods because of flood risks

Here's a look at the top 25 growth markets in 2023, according to U-Haul: