UPDATE BELOW
It is interesting spending time in Seattle. I lived here for about 20 years but moved out to my farm 15 years ago. Now, the city has changed so very much and the traffic and congestion reflect this. Property values are way up - really wish I had kept my property in Seattle and gotten a loan for the farm - oh well...
It seems that some cities are shrinking in size - and it is not just the progressive cess-pits like Detroit or Baltimore. From Time Magazine:
These Cities Have Already Reached 'Peak Millennial' as Young People Begin to Leave
Millennials flocked to U.S. cities over the past decade, but in some places, the migration appears to be reversing. After years of growth, the population of millennials in Boston and Los Angeles has fallen since 2015, with more young people leaving the cities than arriving last year, according to the latest Census data. And millennial growth has slowed in large hubs like Chicago, New York and Washington, D.C.
Dowell Myers, professor of demography at the University of Southern California, first suggested in 2015 that cities would begin to see declines in millennials. With the largest birth group turning 27 this year, Myers says it’s only a matter of time before millennials head to the suburbs for more space.
To see which cities have reached “peak millennial” — a term Myers coined —we analyzed a decade of Census data through 2016. We found that while tech hubs like San Francisco and Seattle are still drawing young people, large East Coast cities, like New York and D.C., are fast approaching peak millennial, with plateauing populations of those born between 1980 and 1996. And then there are cities like Boston, which already appear to have reached their peak. Boston lost roughly 7,000 millennials in 2016, after a record high of 259,000 the previous year.
Another interesting metric is the U Haul cost to go from one city to another and back again - often quite different dollar values. I talked about that here back in August of this year.
UPDATE: Just read this story from The Idaho Statesman:
Idaho officially earns the title of nation’s fastest-growing state, Census Bureau says
Idaho’s population increased enough in the past year to earn us the title of nation’s fastest-growing state, according to data released Wednesday by the U.S. Census Bureau.
Leave a comment