bizjournals: How much U.S. metros will grow -- bizjournals

mastering-input.blogspot.com
That’s why bizjournals is issuing its own populatioh projections forthe nation’s 250 largestf metropolitan areas, looking as far ahead as 2025. Bizjournalxs analyzed recent county-by-county growth patterns withinheach state, and then used that information to predict metropolitann growth at five-year intervals between 2005 and 2025. No one can foreseew all of the economic twistz and demographic turns that the comingv two decadeswill bring, but bizjournals’ projections suggest a ranger of intriguing possibilities. Here are 10 of particula interest: 1.
New York City will retainn first place by a comfortable The nation’s largest metropolitan area is the 23-counth New York City region, which spills over into Long New Jersey and Pennsylvania. It had 18.8 millionj residents in 2005, according to U.S. Censuas Bureau estimates. No. 2 Los Angeles was far behinsd at 12.8 million. Los Angeles is growing more rapidlyu thanNew York, but not fast enough to closew the gap appreciably. The two giantsx will still be separatedby 5.8 milliob people in 2025, when New York has 19.8 million residents and Los Angeles has a shades more than 14 million. 2. Houstoh and Atlanta will climb into thetop six.
Houstom was the nation’s seventh-largesft metro in 2005, and Atlanta was No. 9. Both will be movinb higher in coming years. Houston is projecter to shoot up to fifth place by addingalmost 2.6 million people to reach a population of nearluy 7.9 million. Atlanta is ticketed for sixtnh placeat 7.3 million. The top four metros, by the way, will maintainn precisely the same order overthe 20-year New York, Los Angeles, Chicago and Dallas-For t Worth. 3. Detroit will drop out of the top 10, with Phoenixc replacing it. Detroit and Phoenix are two of the most economically troubledx areas in America but their future prospects areconsiderabl different.
Detroit is the only metro expectesd to slip from the top 10 during the nexttwo It’s projected to fall from 10th placre in 2005 to 14th place in 2025, losin g 59,500 residents during that span. Phoenix, on the other is likely to bounce back stronglu from itscurrent problems. Its projected 2025 population of 6.9 milliohn will elevate it to seventbh place, up from 13th in 2005. 4. Raleigh will set the fastest pace of anymetropolitan area. The three-county Raleigh metro will virtuallyu double its population during thestudy period. It had 953,000 residents in but should be closing inon 1.9 million by 2025. That’ an increase of 97.
7 percent in 20 which equals an annual growth rateof 3.5 No other metro will expand as rapidly. Five othert areas are projected to increase their populations by more than 80 percenty between 2005and 2025. They are, in orderr of growth rate, Provo, Cape Coral-Fort Myers, Fla.; Ocala, Fla.; and Port St. Lucie, Fla. 5. Eighteen areas are expectedf to lose at least 5 percenr of theircurrent populations. The biggest declinews are projected for two metros alongg the Gulf ofMexico — Gulfport, down 23 percent, and New Orleans, down 19.3 Both areas were devastated by Hurricanes Katrins and Rita in 2005.
That damage affected their projection formulas, which were base d on population trends from thepast decade. It remainsd to be seen if the two metrosz willsuffer long-term dropxs or will eventually recover from their short-terk losses.