Big Cities Losing Population
The Census reports that our largest metropolitan areas have more people moving out than moving in, excluding foreign immigration. Not only are the old northeastern cities losing domestic residents, but so are Los Angeles and San Diego. Here are the results for the 25 largest metro areas:
Business Strategy Implications: If you’re looking to open new stores or offices to serve local populations, look to the fast growing cities. In many cases they are smaller, but their rapid growth allows more room for new entrants. Also, recruiting staff will be easier in the fast growing cities.
Comments
Congratulations on joining the blogosphere. I like how you’re intergrating charts and diagrams into your blog.
It’s heartening to see that Portland is doing reasonably well compared to other metropolitan areas in drawing people. Why is Portland doing better than Seattle in this respect?
Patrick, I’m not sure what’s up with Seattle. Possibly higher home prices and (much) worse congestion limiting growth. Also, I’m not sure but I think that Seattle gets more foreign immigration relative to its population; that may limit space for domestic migration.