Results from the 2020 census reveal some notable changes in population distribution over the last decade. The U.S. population grew by about 7% from 2010 to 2020, or by about 20 million people. Over the same period, more than 80% of U.S. metro areas reported population growth.
While it remains to be seen whether the broad trend of urbanization will continue into the future, a new report from Washington D.C.-based economic and demographic data firm Woods & Poole Economics, Inc. projects that the population of several U.S. metro areas is likely to swell by over 50% in the coming decades.
Population change is the end result of two factors: migration and natural change. Migration is the net change of people moving to and from an area, while natural change is the number of births less the number of deaths.
Accounting for these factors and anticipating future trends, the population of the Boise City metro area in Idaho is projected to grow from 807,700 in 2022 to 1,363,100 in 2060. The 68.8% projected population growth in the metro area is the 16th highest of all 384 U.S. metro areas.
Economic opportunity is one of the most common reasons people move within the United States. Over the same period, employment in Boise City is projected to grow by 89.2% by 2060, while personal income per capita is projected to grow from $54,770 in 2022 to $312,606 in 2060.
All data in this story is from Woods & Poole Economics, Inc., Washington D.C. Copyright 2022.
|Rank||Metro area||Change in population, 2022 to 2060||Total population, 2022||Projected population, 2060|
|1||The Villages, FL||+223.2%||139,900||452,100|
|2||St. George, UT||+118.1%||195,200||425,700|
|4||Cape Coral, FL||+92.0%||803,000||1,541,400|
|5||Las Vegas, NV||+90.5%||2,335,600||4,450,000|
|9||Myrtle Beach, SC||+81.9%||519,200||944,700|
|10||Port St. Lucie, FL||+80.1%||511,300||920,600|
|16||Boise City, ID||+68.8%||807,700||1,363,100|
|23||Coeur D’Alene, ID||+60.5%||182,400||292,600|
|25||Hilton Head Island, SC||+59.3%||225,300||358,900|
|27||San Antonio, TX||+58.3%||2,637,500||4,176,000|
|32||Punta Gorda, FL||+55.6%||197,100||306,700|
|35||Prescott Valley, AZ||+54.5%||245,000||378,500|
|36||College Station, TX||+54.4%||275,100||424,700|
|37||Sioux Falls, SD||+53.5%||285,700||438,400|
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.