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What Is The Cheapest Moving Truck Rental
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Typically, U-Haul truck rentals are advertised with affordable sticker prices comfortably in the triple-digit range. But a trend coming out of northern California is pushing the sticker price up to $2,000, and Californians aren’t buying it.
A 26-foot U-Haul truck, big enough to move a three- to four-bedroom house from San Francisco to Las Vegas, costs $2,085 to rent for four days. Renting the same truck the other way was only a fraction of that cost – $132.
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What is causing U-Haul rental prices to increase outside the Bay Area? More people are leaving northern California than there are trucks, according to the American Enterprise Institute’s public policy center.
It’s not a new trend: Housing costs in California are so high that some people are deciding to leave the state altogether. The price of U-Haul rental trucks is one way to demonstrate this trend, writes AEI economist Mark Perry.
“This is a great example of supply and demand and market forces at work — one-way U-Haul truck rental prices show relative scarcity,” Perry said in a blog post explaining the price increases.
Perry said he is looking at the costs of moving from Bay Area cities to other U.S. cities. Including Phoenix, Portland, Austin, Nashville and Atlanta.
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The story became the talk of Twitter and became part of the overall narrative about California’s cost of living.
Last month, the California Legislative Analyst’s Office reported that the state experienced a net loss of nearly 1 million residents from 2007 to 2016. Most of these residents moved to states such as Texas, Arizona, Nevada and Oregon.
An analysis by real estate website Redfin published last month provides further evidence of this trend — San Francisco had the highest loss of residents with a net loss of 15,489 in the last four months of 2017, compared to New York’s net loss. 12,532 people.
Where did the crowd go? Redfin writes that people are leaving “expensive, high-tax coastal markets” like San Francisco, New York, and Los Angeles for homes in cities like “Sacramento, Phoenix, Las Vegas and Nashville,” where taxes are lower and housing is more affordable. they come out. ..”
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AEI’s Perry found that renting a 26-foot U-Haul truck on a one-way excursion from San Jose is also more expensive than traveling in the opposite direction.
We wondered how much it would cost to rent a U-Haul truck for one-way trips to and from San Diego, so we checked and found that it costs more to rent a U-Haul truck traveling outside of San Diego. on the contrary. So the prices are not as high as in San Francisco.
Price comparisons show how much it costs to rent a U-Haul truck from San Diego to Las Vegas (left) and from Las Vegas to San Diego (right).
Price comparisons show how much it costs to rent a U-Haul truck from San Diego to Austin (left) and from Austin to San Diego (right).
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Price comparisons show how much it costs to rent a U-Haul truck from San Diego to Phoenix (left) and from Phoenix to San Diego (right).
If you live in California, tell us, have you ever thought about leaving the state and moving to another city in the United States? If so, where are you going?
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Looking for a bigger truck than the Rent a Car fleet has to offer? Plan a great truck rental with Budget Truck. Choose from three sizes—12-foot, 16-foot, and 26-foot trucks—so you can move an entire apartment, entire house, or entire office in one trip.
Because Budget Truck has locations all over the country, you can find one near you and close to your destination. If you’ve found a new home in a new city or are upgrading or downsizing your residence in the same area, find a local rental, reserve a one-way moving truck rental. Affordable rates are set when you rent moving trucks with Budget Truck.
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If a moving truck is a bit too big for your needs, also consider a cheap compact truck rental from Budget Truck. Enjoy 443 cubic feet of cargo space – plenty of room for some furniture, party decorations, or boxes full of donations for your local thrift store.
Like moving trucks, delivery vans can be rented one-way or simply driven around town and returned to the same location. Many people also prefer pickup trucks over moving trucks because their compact size makes them easier to handle. Book a truck rental from Budget Truck today. Two intersecting lines forming the letter ‘X’. This provides a way to close the interaction or dismiss the notification.
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Renting a U-Haul for a California move can cost up to 4 times more than moving due to high demand
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An easy way to determine who is moving where is to look up trucking rates to and from cities. And truck transfer rates from California cities—well, they’re high. It is definitely higher than the prices of other cities
The trend was first noted by Mark J. Perry, professor of finance and business economics at the University of Michigan-Flint, who tweeted: “Moving to California is getting more expensive due to high demand and lack of available trucks. California is really cheap because of low demand and lots of trucks.”
Not too long ago, Jalopnik also reported that the apparent increase in demand here was driving truck relocation rates from California. Perry said the higher prices from California are a long-term trend “not necessarily related” to the COVID-19 pandemic or the wildfires, but Business Insider looked into truck rental prices for ourselves. Here’s what we found.
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U-Haul truck shipping from Austin, Texas to Los Angeles, California starting September 30 ranges from $711 for a 10-foot truck to $935 for a 26-foot truck.
Roundtrip fares from Los Angeles to Austin, both ways
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