Coldwell Banker Commercial - Lubbock ,Texas
Jun 23, 2016

Texas population growth leads nation—and it’s not even close

Texas’s population growth continues to easily outpace every other state in the country, according to data released today by the U.S. Census Bureau.

 

Although nationwide censuses are only conducted every 10 years, the Census Bureau publishes annual population estimates for the nation, states, and counties. The 2015 population estimates were released early this morning on the bureau’s website, and they show robust, record-breaking population growth for Texas.

Texas’s 2015 population was 27,469,114 in 2015, which is an increase of 490,036 since 2014, according to the Census Bureau’s estimates. That is by far the largest population increase of any state in the country over that same time period. Florida, whose population grew by 365,703 between 2014 and 2015, was a distant second, followed by California (352,527).

Texas’s population has grown dramatically since the 2010 census—more than any other state. While California gained 1.9 million new residents and Florida picked up 1.5 million new residents, Texas gained 2.3 million new residents between 2010 and 2015. If Texas sustains its current annual population growth pace, the Lone Star State could be the most populous state in the country within the next 40 years.

A significant portion of Texas’s population growth—nearly one-third—is due to domestic migration, which means that more and more Americans from other states are relocating to Texas in search of better careers and lower costs of living. The Houston Chronicle describes this trend as “remarkable.”

“The rate of domestic migration into Texas does not appear to be subsiding anytime soon,” a report this week from the Houston newspaper states. “Why then are large numbers of people coming from other regions of the country and looking to Texas as a destination of choice? The primary reason may simply be the growing economy coupled with a stable and reasonably priced real estate market in comparison to other regions of the country.”

They say everything is bigger in Texas. That appears to be an apt description of not only the Lone Star State’s expansive geographic area but its explosive population growth too.

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Contact: Garrett Haley, (806) 784-3219

Coldwell Banker Commercial Capital Advisors

Source: U.S. Census Bureau