The Fastest Growing State Populations
Housing-Market / Demographics Feb 22, 2018 - 03:47 AM GMTBy: Harry_Dent
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.
Harry
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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.
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