01/21/2025
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The US Census Bureau released population growth estimates for 2024, with Texas, Florida, and California leading the way. While Texas and California saw strong natural population growth, their sources of growth differed significantly.
Key findings:
Texas added the most new residents, driven by domestic migration, international migration, and natural change.
California's population grew by over 230,000, primarily due to international migration, which reached its highest level in five years.
Florida's population growth was driven by domestic migration, with retirees moving from high-cost northern states.
Challenges:
California's high housing costs continue to drive residents away, with 1.5 million leaving the state over the past five years.
Until California addresses its housing undersupply, it may struggle to retain residents.
Trends:
International migration surpassed domestic migration in eight of the top 10 states for population growth.
The US fertility rate continues to decline, making international migration a crucial component of population growth.
Population growth is back in the Golden State