Population Trends - Where People Are Moving To & Away From Affects Investing

[Account Closed]

I tend to like to invest where there are jobs and where people are moving to

********************

Ranked: Population Changes in U.S. States

A demographic reshuffling is taking place across the U.S., with states in the Northeast and the West seeing shrinking populations. Texas added nearly half a million people, a 1.5% gain, or three times the national average.

	2023	2022-2023	% Population
State	Population	Change	Change (2022–23)
South Carolina	5,373,555	90,600	1.71%
Florida	22,610,726	365,205	1.64%
Texas	30,503,301	473,453	1.58%
Idaho	1,964,726	25,730	1.33%
North Carolina	10,835,491	139,526	1.30%
Delaware	1,031,890	12,431	1.22%
District of Columbia**	678,972	8,023	1.20%
Tennessee	7,126,489	77,513	1.10%
Utah	3,417,734	36,498	1.08%
Georgia	11,029,227	116,077	1.06%
South Dakota	919,318	9,449	1.04%
Arizona	7,431,344	65,660	0.89%
Montana	1,132,812	9,934	0.88%
Oklahoma	4,053,824	34,553	0.86%
Arkansas	3,067,732	21,328	0.70%
Alabama	5,108,468	34,565	0.68%
North Dakota	783,926	5,014	0.64%
Colorado	5,877,610	36,571	0.63%
Nevada	3,194,176	16,755	0.53%
Nebraska	1,978,379	10,319	0.52%
Maine	1,395,722	6,384	0.46%
Indiana	6,862,199	29,925	0.44%
Wyoming	584,057	2,428	0.42%
Virginia	8,715,698	36,599	0.42%
Minnesota	5,737,915	23,615	0.41%
Washington	7,812,880	28,403	0.36%
Wisconsin	5,910,955	20,412	0.35%
Kentucky	4,526,154	14,591	0.32%
New Jersey	9,290,841	30,024	0.32%
Missouri	6,196,156	18,988	0.31%
Massachusetts	7,001,399	18,659	0.27%
Maryland	6,180,253	16,272	0.26%
Iowa	3,207,004	7,311	0.23%
Connecticut	3,617,176	8,470	0.23%
New Hampshire	1,402,054	3,051	0.22%
Ohio	11,785,935	26,238	0.22%
Rhode Island	1,095,962	2,120	0.19%
Kansas	2,940,546	3,830	0.13%
Vermont	647,464	354	0.05%
New Mexico	2,114,371	895	0.04%
Michigan	10,037,261	3,980	0.04%
Mississippi	2,939,690	762	0.03%
Alaska	733,406	130	0.02%
			Loss
Pennsylvania	12,961,683	-10,408	-0.08%
Oregon	4,233,358	-6,021	-0.14%
California	38,965,193	-75,423	-0.19%
West Virginia	1,770,071	-3,964	-0.22%
Illinois	12,549,689	-32,826	-0.26%
Hawaii	1,435,138	-4,261	-0.30%
Louisiana	4,573,749	-14,274	-0.31%
Puerto Rico*	3,205,691	-14,422	-0.45%
New York	19,571,216	-101,984	-0.52%

[John Underwood]

33 people per day are moving to Greenville SC.

[Connor Dunham]

Hey Bob, population change includes net birth/deaths as well and is not migration, which can confound the directionality of growth.

Alaska for example has a birth rate above replacement rate, but barely shows any growth because net migration is negative.

Quote from @Account Closed:

I tend to like to invest where there are jobs and where people are moving to

********************

Ranked: Population Changes in U.S. States

A demographic reshuffling is taking place across the U.S., with states in the Northeast and the West seeing shrinking populations. Texas added nearly half a million people, a 1.5% gain, or three times the national average.

	2023	2022-2023	% Population
State	Population	Change	Change (2022–23)
South Carolina	5,373,555	90,600	1.71%
Florida	22,610,726	365,205	1.64%
Texas	30,503,301	473,453	1.58%
Idaho	1,964,726	25,730	1.33%
North Carolina	10,835,491	139,526	1.30%
Delaware	1,031,890	12,431	1.22%
District of Columbia**	678,972	8,023	1.20%
Tennessee	7,126,489	77,513	1.10%
Utah	3,417,734	36,498	1.08%
Georgia	11,029,227	116,077	1.06%
South Dakota	919,318	9,449	1.04%
Arizona	7,431,344	65,660	0.89%
Montana	1,132,812	9,934	0.88%
Oklahoma	4,053,824	34,553	0.86%
Arkansas	3,067,732	21,328	0.70%
Alabama	5,108,468	34,565	0.68%
North Dakota	783,926	5,014	0.64%
Colorado	5,877,610	36,571	0.63%
Nevada	3,194,176	16,755	0.53%
Nebraska	1,978,379	10,319	0.52%
Maine	1,395,722	6,384	0.46%
Indiana	6,862,199	29,925	0.44%
Wyoming	584,057	2,428	0.42%
Virginia	8,715,698	36,599	0.42%
Minnesota	5,737,915	23,615	0.41%
Washington	7,812,880	28,403	0.36%
Wisconsin	5,910,955	20,412	0.35%
Kentucky	4,526,154	14,591	0.32%
New Jersey	9,290,841	30,024	0.32%
Missouri	6,196,156	18,988	0.31%
Massachusetts	7,001,399	18,659	0.27%
Maryland	6,180,253	16,272	0.26%
Iowa	3,207,004	7,311	0.23%
Connecticut	3,617,176	8,470	0.23%
New Hampshire	1,402,054	3,051	0.22%
Ohio	11,785,935	26,238	0.22%
Rhode Island	1,095,962	2,120	0.19%
Kansas	2,940,546	3,830	0.13%
Vermont	647,464	354	0.05%
New Mexico	2,114,371	895	0.04%
Michigan	10,037,261	3,980	0.04%
Mississippi	2,939,690	762	0.03%
Alaska	733,406	130	0.02%
			Loss
Pennsylvania	12,961,683	-10,408	-0.08%
Oregon	4,233,358	-6,021	-0.14%
California	38,965,193	-75,423	-0.19%
West Virginia	1,770,071	-3,964	-0.22%
Illinois	12,549,689	-32,826	-0.26%
Hawaii	1,435,138	-4,261	-0.30%
Louisiana	4,573,749	-14,274	-0.31%
Puerto Rico*	3,205,691	-14,422	-0.45%
New York	19,571,216	-101,984	-0.52%

[Jimmy Lieu]

Quote from @Account Closed:

I tend to like to invest where there are jobs and where people are moving to

********************

Ranked: Population Changes in U.S. States

A demographic reshuffling is taking place across the U.S., with states in the Northeast and the West seeing shrinking populations. Texas added nearly half a million people, a 1.5% gain, or three times the national average.

	2023	2022-2023	% Population
State	Population	Change	Change (2022–23)
South Carolina	5,373,555	90,600	1.71%
Florida	22,610,726	365,205	1.64%
Texas	30,503,301	473,453	1.58%
Idaho	1,964,726	25,730	1.33%
North Carolina	10,835,491	139,526	1.30%
Delaware	1,031,890	12,431	1.22%
District of Columbia**	678,972	8,023	1.20%
Tennessee	7,126,489	77,513	1.10%
Utah	3,417,734	36,498	1.08%
Georgia	11,029,227	116,077	1.06%
South Dakota	919,318	9,449	1.04%
Arizona	7,431,344	65,660	0.89%
Montana	1,132,812	9,934	0.88%
Oklahoma	4,053,824	34,553	0.86%
Arkansas	3,067,732	21,328	0.70%
Alabama	5,108,468	34,565	0.68%
North Dakota	783,926	5,014	0.64%
Colorado	5,877,610	36,571	0.63%
Nevada	3,194,176	16,755	0.53%
Nebraska	1,978,379	10,319	0.52%
Maine	1,395,722	6,384	0.46%
Indiana	6,862,199	29,925	0.44%
Wyoming	584,057	2,428	0.42%
Virginia	8,715,698	36,599	0.42%
Minnesota	5,737,915	23,615	0.41%
Washington	7,812,880	28,403	0.36%
Wisconsin	5,910,955	20,412	0.35%
Kentucky	4,526,154	14,591	0.32%
New Jersey	9,290,841	30,024	0.32%
Missouri	6,196,156	18,988	0.31%
Massachusetts	7,001,399	18,659	0.27%
Maryland	6,180,253	16,272	0.26%
Iowa	3,207,004	7,311	0.23%
Connecticut	3,617,176	8,470	0.23%
New Hampshire	1,402,054	3,051	0.22%
Ohio	11,785,935	26,238	0.22%
Rhode Island	1,095,962	2,120	0.19%
Kansas	2,940,546	3,830	0.13%
Vermont	647,464	354	0.05%
New Mexico	2,114,371	895	0.04%
Michigan	10,037,261	3,980	0.04%
Mississippi	2,939,690	762	0.03%
Alaska	733,406	130	0.02%
			Loss
Pennsylvania	12,961,683	-10,408	-0.08%
Oregon	4,233,358	-6,021	-0.14%
California	38,965,193	-75,423	-0.19%
West Virginia	1,770,071	-3,964	-0.22%
Illinois	12,549,689	-32,826	-0.26%
Hawaii	1,435,138	-4,261	-0.30%
Louisiana	4,573,749	-14,274	-0.31%
Puerto Rico*	3,205,691	-14,422	-0.45%
New York	19,571,216	-101,984	-0.52%

Awesome data here! As I tell a lot of my out of state real estate clients who invest in Columbus Ohio - you should only buy in real estate markets where the population is growing, companies are moving, and there's tons of appreciation potential! I definitely recommend Columbus Ohio because there's still so many deals that hit the 1% rule, positive cash flowing, and quickly appreciation! Great market to be in!

[Marcus Auerbach]

This is an old statistic and a few things have changed. Look at the latest U-Haul migration report. Chicago/IL is growing again. For many years we have seen people move from Chicago to Milwaukee, very few the other way. 

Wisconsin is currently #17 in net migration and we work a lot with relocation clients. When I ask for reasons I get cost of living, quality of live, moderate climate, fresh water access, no natural disasters and moving back to where they were from.

From what I can see the trend to the Midwest is steadily increasing, but by no means as big as moving south.

[Marcus Auerbach]

You are right @Account Closed. Must have read it before my coffee kicked in...