by Mark Mather, associate vice president, Domestic Programs
The population in America’s largest cities is booming, according to new data released today by the U.S. Census Bureau. Just a few years ago, the annual growth rate in the 10 largest cities was around 0.5 percent per year, around half the national average. But the latest figures, from 2008, indicate that the population in America’s 10 largest cities is growing faster than the population living outside of those areas.
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So what’s driving the change? There are a couple of factors at work. First, big cities are still important destinations for immigrants, who tend to be younger (of reproductive age) and create a lot of population momentum. Second, given the rising unemployment rate and drop in home prices around the country, fewer people are making long distance moves to places like Florida, or even local moves to the suburbs. Chicago, once a perennial population loser, is now growing faster than several former boom towns, including Jacksonville, Las Vegas, and even Cape Coral, Florida, which, a few years ago, was one of the fastest growing cities in the country.
The question for Chicagoans: How long can it last? When the economy bounces back, will people start leaving Chicago en masse? Population trends are closely linked to job trends so future population growth in big cities such as Chicago depends, in part, on their ability to keep people employed.