While I always say that jobs are everything, there are also demographics to consider. Unlike most of the economically developed world, the U.S. continues to grow in population – both by births and net migration. The U.S. Census Bureau just released their population estimates for 2018 for the U.S., states and the District of Columbia.
As usual I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy. The same is true when it comes to population gains and losses across the country. No doubt the 2017 Tax Cut and Jobs Act is accelerating gains and losses across the country depending on economic circumstances.
The following table shows the top-10 states with the largest population gains from a percentage basis. While the U.S. population grew at a 0.62 percent rate from 2017 to 2018, three states, Nevada (2.09 percent), Idaho (2.05 percent) and Utah (1.87 percent) grew at triple the level of the nation.
Nine of the 50 states plus the District of Columbia posted a decline in population from 2017 to 2018. These are all included in the following table.
The next table includes the rankings of all 50-states and the District of Columbia based on percentage gain in population from 2017 to 2018.
The story changes when the data are viewed by the net gain in population. The next table shows the top-10 states adding the greatest number of people to their respective populations. In addition to the net gain in population, also included are the percent of gain for the U.S., the cumulative gain and percent of total gain based on a cumulative basis. Texas topped out the group adding 379,128 people in the 12-months. This represented almost one out of every five new people (18.8 percent) even though Texas makes up just 8.8 percent of the total U.S. population. The top-five states with the largest increase in population accounted for more than one-half (54.2 percent) of the total increase in population across the country.
The next table details the states with the largest decline in population numbers.
The next table shows these data and ranks for all 50 states and the District of Columbia.
The last table, sorted by state alphabetically, also includes the population change from 2010 through 2018 – both in numbers and percentages.
To access the latest U.S. Census Bureau population data estimates click https://www.census.gov/data/tables/time-series/demo/popest/2010s-state-total.html