Since the first U.S. census was conducted in 1790, New York City has held the title of the most populous city in the U.S.  While the population crown will likely remain with New York for some time, what are the overall migration trends in America?

People move due to a host of factors, including housing costs, taxes, and climate.  The increased remote working options since Covid have also made it easier for people to move.  States like California, Illinois, and New York are experiencing an outflow of residents while people head to places like Texas, Arizona, or the Carolinas.  My home state of Illinois has seen ten straight years of population loss, with the only states losing a higher number of residents last year being New York and California.  I’ve included a link to an interactive graph at the end of this post to see how your state is faring.

Nothing happens overnight, though trends start to develop into patterns.  Most population growth is happening outside of the largest cities, with New York City, LA, and Chicago all losing residents.  Look at the chart below from the Census Bureau– nine of the fifteen fastest-growing cities in the country are in the South.  Counting the two cities on the list in Arizona, the number rises to eleven of fifteen.

Heading South: 15 Fastest Growing Large Cities in the United States: July 1, 2021 to July 1, 2022[Source: U.S. Census Bureau]

According to Census Bureau data, the South accounted for 87% of the nation’s growth in 2023, with a gain of over 1.4 million new residents for a total population of 130,125,290.  The South was the only region to maintain growth throughout Covid.

From the perspective of state and municipal governments, the age of residents also comes into play.  The population in America is getting older.  Consider that by 2030, all baby boomers will be over 65.  The number of people living over 100 is also steadily climbing, with a record of over 130,000 by 2030.  This is more than double the number of centenarians from 2010.

From Pyramid to Pillar: A Century of Change, Population of the United States[Source: U.S. Census Bureau]

Even a healthy aging population needs quality and affordable healthcare.  An aging population equals rising healthcare expenditures.  Medicare spending (net of income from premiums and other offsetting receipts) is projected to rise from 10% of total federal spending in 2021 to 18% in 2032 due to growing enrollment and increased service use.  This brings back the topic intrepid Leadership Matrix readers will recognize on Proactive Healthcare solutions.

I’ve included a commentary piece below on population trends in the country.  Enjoy the read!

What are your thoughts on the shifting of the U.S. population?  What’s happening in your area?  Reach out and let me know by clicking here!

~ Brian Kasal- The Leadership Matrix

Click here- Most U.S. Pop Growth Last Year Occurred Outside of Largest Cities

Here is the link to the interactive graphic referenced above: U.S. Census Bureau- How Is Population Shifting in Your State?

P.S.- Did you see my last Leadership Matrix post? Why Do People Make These Mistakes Over and Over – A Trading Story

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