Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

870
Posts
664
Votes
James Park
  • Real Estate Broker
  • Johns Creek, GA
664
Votes |
870
Posts

Chicago area sees greatest population loss of any major U.S. city

James Park
  • Real Estate Broker
  • Johns Creek, GA
Posted

The Chicago area lost an estimated 6,263 residents in 2015 — the greatest loss of any metropolitan area in the country. That puts the region's population at 9.5 million.

While the numbers fell overall, there were some bright spots in the Chicago area: Will, Kane, McHenry and Kendall counties saw growth spurts, according to census data.

The Chicago region's decline extended to the state. In fact, Illinois was one of just seven states to see a population dip in 2015, and had the second-greatest decline rate last year after West Virginia, census data show. While the state's population dropped by 7,391 people in 2014, te number more than tripled in 2015, to 22,194.

The plunge is mainly a result of the large number of residents leaving the state last year — about 105,200 in all — which couldn't be offset by new residents and births, according to census data. The last year Illinois saw its population plunge was 1988.

The potential fallout is both political and financial. Federal and state government dollars are often distributed to local government agencies based on population; so the population loss creates long-term budget concerns. Communities pouring millions into new roads and schools, for example, based on rosy projections of future growth are left with fewer taxpayers to cover the cost.

Source: http://www.chicagotribune.com/news/local/breaking/...

Most Popular Reply

User Stats

386
Posts
218
Votes
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
218
Votes |
386
Posts
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
Replied

Thats true, everyone I talk to these days seems to be yearning for warmer Arizona/Florida.  However, being in downtown Chicago you wouldn't believe it.  There are a projected 7000 new rental units coming on the market in the next 12 months.  

If you take a deeper look at those numbers the higher end "A" neighborhoods are growing like crazy.  The "C" and below seem to be where the people are fleeing.  

Chicago Agent Magazine has an article on this which is very in depth..

https://chicagoagentmagazine.com/2016/03/21/black-white-city/

Loading replies...