If you’re new to this data series on population growth, let’s catch you up: we’re studying the markets in the U.S. that are growing and shrinking. Many SiteSeer clients look to us for advice and tools on where they should open their next location. And while it isn’t the only factor to consider, population growth is certainly an important one.
Here’s a rundown of our population study blogs in case you’d like to compare:
You’ll notice that in January of this year (2021), we chose to compare October 2019 to October 2020, rather than compare the growth over two years. As we all know, the world changed pretty significantly in 2020 and we wanted to see what things looked like from the year prior.
We’re planning to do the same with this data study and compare April 2020 (the onset of COVID-19) to April 2021 (when vaccines started rolling out in the United States). We’ll get to that in a moment, but first: a definition.
Micropolitan areas are those with a core urban area of at least 10,000 but fewer than 50,000 people, as defined by the Office of Management and Budget. Metropolitan areas have at least one city with a population of 50,000 or higher. (Keep in mind that these are Census 2010 definitions, and our next iteration of this study will use the updated 2020 Census definitions that will be released later this year.)
Let’s start with the data and then make a few observations. Here’s a look at the 15 fastest-growing metropolitan areas in the U.S. between April 2020 and April 2021:
#15: Burlington, North Carolina – 2.66% (new to the top 15 since last time)
#14 (tie): Las Vegas-Henderson-Paradise, Nevada (new to the top 15 since last time) and Crestview-Fort Walton Beach-Destin, Florida (#11 on our 10/2019 to 10/2020 list) – 2.67%
#13: Coeur d’Alene, Idaho (#9 on our 10/2019 to 10/2020 list) – 2.80%
#12: North Port-Sarasota-Bradenton, Florida (new to the top 15 since last time) – 2.84%
#11: Phoenix-Mesa-Scottsdale, Arizona (new to the top 15 since last time) – 2.88%
#10: Cape Coral-Fort Myers, Florida (new to the top 15 since last time) – 2.98%
#9: Raleigh, North Carolina (new to the top 15 since last time) – 2.99%
#8: Provo-Orem, Utah (#12 on our 10/2019 to 10/2020 list) – 3.21%
#7: Punta Gorda, Florida (new to the top 15 since last time) – 3.26%
#6: Daphne-Fairhope-Foley, Alabama (#11 on our 10/2019 to 10/2020 list) – 3.34%
#5: Boise, Idaho (#2 on our 10/2019 to 10/2020 list) – 3.46%
#4: The Villages, Florida (#8 on our 10/2019 to 10/2020 list) – 3.62%
#3: Greeley, Colorado (#3 on our 10/2019 to 10/2020 list) – 3.92%
#2: Myrtle Beach-Conway-North Myrtle Beach, South Carolina/North Carolina (#1 on our 10/2019 to 10/2020 list) – 4.17%
#1: St. George, Utah (#7 on our 10/2019 to 10/2020 list) – 4.20%
Now for the 15 fastest-growing micropolitan areas in the U.S. between April 2020 and April 2021:
#15: Durant, Oklahoma (#10 on our 10/2019 to 10/2020 list) – 2.49%
#14 (tie): Lewisburg, Tennessee (new to the top 15 since last time), and St. Mary’s, Georgia (also new to the list) – 2.59%
#13: Bennington, Vermont (new to the top 15 since last time) – 2.66%
#12: Hobbs, New Mexico (new to the top 15 since last time) – 2.71%
#11: Dickinson, North Dakota (#10 on our 10/2019 to 10/2020 list) – 2.75%
#10: Prineville, Oregon (#8 on our 10/2019 to 10/2020 list) – 2.78%
#9: Sandpoint, Idaho (#5 on our 10/2019 to 10/2020 list) – 2.91%
#8: Fort Leonard Wood, Missouri (new to the top 15 since last time) – 2.92%
#7: Spirit Lake, Iowa (new to the top 15 since last time) – 3.28%
#6: Bozeman, Montana (#7 on our 10/2019 to 10/2020 list)– 3.29%
#5: Heber, Utah (#6 on our 10/2019 to 10/2020 list) – 3.34%
#3: Jackson, Wyoming/Idaho (new to the top 15 since last time) – 4.69%
#2: Jefferson, Georgia (#2 on our 10/2019 to 10/2020 list) – 4.94%
#1: Williston, North Dakota ((#1 on our 10/2019 to 10/2020 list) – 6.89%
There are several new names on the list and a few recurring themes we noted in our last population study as well. It remains to be seen whether some of these population shifts will be permanent. Will remote workers return to the cities where their companies are based? Or are large companies becoming more comfortable with the idea of maintaining a higher percentage of remote workforce? We’ll update this study later this year and compare October 2021 to October 2020 to see how things are looking.
This has been a sneak peek at the new population data from STI: PopStats. For SiteSeer users that subscribe to PopStats, this data is now available in the platform. If you’re not a SiteSeer subscriber but want to learn more about how the platform can help you make critical decisions about markets, site selection and more, contact us or take a demo!