Coldwell Banker Commercial - Lubbock ,Texas
Sep 15, 2016

Bigger, bigger, bigger: the Lone Star State’s record-breaking population growth

Texas’s burgeoning population and favorable business climate create excellent opportunities for investors, business startups, and real estate developers.

 

Texas’s population was 9.6 million in 1960, making it the sixth most populous state in the country. At the time, New York, Pennsylvania, Illinois, and Ohio all exceeded Texas in population.

But between 1960 and 2015, Texas experienced meteoric population growth, as shown in the graph above. During that 55-year period, the population of Texas grew nearly threefold, from 9.6 million to 27.5 million—an astonishing increase of 286%. Not only is Texas now more populous than those aforementioned states, but its population is twice that of Pennsylvania, Illinois, and Ohio.

Today the population of Texas is second only to California, although Texas is on track to top California’s population if current population growth continues.

If Texas were its own country, then it would rank among the top 50 most populous countries in the world. Well over 100 countries, including North Korea, Australia, and Taiwan, have populations smaller than Texas’s.

Here are additional comparisons that help put the population of Texas in perspective:

  • In terms of population, Texas is 5 times greater than Louisiana, 7 times greater than Oklahoma, 9 times greater than Arkansas, and 13 times greater than New Mexico.
  • Six of the nation’s 20 largest cities are in Texas.
  • Texas’s largest metropolitan area (the Dallas-Fort Worth-Arlington MSA) has a population of 7.1 million—making it greater in population than the state of Arizona.
  • If you were to combine the populations of Arkansas, Kansas, Nevada, New Mexico, Nebraska, West Virginia, Idaho, Hawaii, New Hampshire, Maine, Rhode Island, Montana, Delaware, South Dakota, North Dakota, Alaska, Vermont, and Wyoming, the total would still be smaller than the population of Texas.

Texas’s burgeoning population and favorable business climate create excellent opportunities for investors, business startups, and real estate developers. If you are interested in buying, selling, or leasing commercial properties in West Texas, then contact Coldwell Banker Commercial Capital Advisors today.

# # #
 
Contact: Garrett Haley, (806) 784-3219
 
Coldwell Banker Commercial Capital Advisors
 
Source: U.S. Census Bureau