Massachusetts continues to face challenges in retaining residents, ranking 49th on U-Haul’s 2024 Growth Index for one-way moves, a position that signals the state’s out-migration trend.
While the Bay State has seen some improvements, such as a decline in the rate of departures, it remains a top source of movers to southern states like Florida, South Carolina, and Texas.
Despite this, Massachusetts officials highlight efforts to reverse the trend, including a focus on affordability and economic growth under Governor Maura Healey’s administration.
The state’s out-migration problem is evidenced by recent data from both U-Haul and the Census Bureau. In 2023, Massachusetts saw a net loss of over 39,000 domestic residents, despite an influx of foreign immigrants.
The departure of high-income and younger residents is of particular concern, as it impacts the state’s long-term economic health. As Massachusetts seeks to address its housing costs, tax burdens, and public transportation infrastructure, the state hopes to become more competitive and attractive to both residents and businesses.
Notably, Massachusetts lost significant numbers of residents to neighboring states like New Hampshire and Maine, and the trend toward relocating to Florida has been particularly pronounced over the past decade.
To address these concerns, experts suggest that policy changes focused on affordability could help stem the tide of out-migration and retain vital demographics.