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The Fastest Growing State Populations

Housing-Market / Demographics Feb 22, 2018 - 03:47 AM GMT

By: Harry_Dent

Housing-Market One of the buzzwords since Trump became president is “growth.” He’s made ridiculous promises about economic growth that he can’t possibly make good on.

But let’s take a look at another type of growth that affects us all: population growth, specifically in the continental U.S.

It should be no surprise that very high-cost states like New York, Massachusetts, Connecticut, New Jersey, California, and Hawaii are NOT growing very fast.


Southern Florida isn’t growing as fast as the northern half due to higher costs of living.

And people generally tend to move away from colder Northeastern and Midwestern states to the warmer Southeast and Southwest.

But, that doesn’t mean that all warm states are growing like gangbusters… or that all cold states aren’t.

Here’s the map that summarizes growth by state for July 1, 2016 to July 1, 2017…



As you can see, Idaho is growing the fastest, at 2.20% annualized.

The other top 10 also include:

  • Nevada, 2.00%;
  • Utah, 1.89%;
  • Washington State, 1.71%;
  • Florida, 1.59%;
  • Arizona, 1.56%;
  • Texas, 1.43%;
  • Colorado, 1.39%,
  • Oregon, 1.39%; and
  • South Carolina at 1.30%.

I would have thought Texas and North Carolina would have been higher. Washington State also surprised on the upside as Seattle is becoming Silicon Valley 2.0.

Nine states, ranging from Wyoming to Connecticut, have negative growth rates. Mississippi and Louisiana are negative, despite being in the South. New Mexico is also surprisingly low, being surrounded by four high-growth states.

Where you live will affect business growth and real estate values. So, consider that, especially if you’re retiring. Idaho, Nevada, Washington, Florida, and Arizona look like the best places to go to me.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2018 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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