One of the buzzwords since Trump became president is “growth.” He’s made ridiculous promises about economic growth that he can’t possibly make good on.
But let’s take a look at another type of growth that affects us all: population growth, specifically in the continental U.S.
It should be no surprise that very high-cost states like New York, Massachusetts, Connecticut, New Jersey, California, and Hawaii are NOT growing very fast. Southern Florida isn’t growing as fast as the northern half due to higher costs of living.
And people generally tend to move away from colder Northeastern and Midwestern states to the warmer Southeast and Southwest. But, that doesn’t mean that all warm states are growing like gangbusters … or that all cold states aren’t.
Here’s the map that summarizes growth by state for July 1, 2016, to July 1, 2017:
As you can see, Idaho is growing the fastest at 2.20 percent annualized.
The other top 10 also include:
- Nevada, 2.00 percent;
- Utah, 1.89 percent;
- Washington State, 1.71 percent;
- Florida, 1.59 percent;
- Arizona, 1.56 percent;
- Texas, 1.43 percent;
- Colorado, 1.39 percent,
- Oregon, 1.39 percent; and
- South Carolina at 1.30 percent.
I would have thought Texas and North Carolina would have been higher. Washington State also surprised on the upside as Seattle is becoming Silicon Valley 2.0.
Nine states, ranging from Wyoming to Connecticut, have negative growth rates. Mississippi and Louisiana are negative, despite being in the South. New Mexico is also surprisingly low, being surrounded by four high-growth states.
Where you live will affect business growth and real estate values. So, consider that, especially if you’re retiring. Idaho, Nevada, Washington, Florida and Arizona look like the best places to go to me.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
(Featured image via DepositPhotos.)
Sustainable investments are currently a winning bet
Companies see the coronavirus situation acting as an accelerator of change towards sustainable transitions. Investments with an environmental, social or...
Ethereum, LINK and Ren: Why these 3 Altcoins could outperform BTC
The latest report conducted by Santiment showed that there are three altcoins that could outperform Bitcoin from a short-term perspective....
ARTHEx receives €1.2 million from Cdti and can start the clinical trial
ARTHEx Biotech, specializing in finding new therapies for myotonic dystrophy, has just received a financing round of $1.36 million (€1.2...
The futures markets are still facing difficulties because of COVID-19
World vegetable oils markets were higher last week. Palm Oil closed higher after news of renewed demand interest from India...
Fiscal cliffs and the self-destructing treasury
We are going over the waterfall on the massive fiscal cliff. Meanwhile, the Treasury is compelled to further destroy its...
Crowdfunding5 days ago
Travel agencies resort to crowdfunding to survive the crisis
Business6 days ago
Billions in funding from COVID relief programs now flowing to state, local governments
Featured6 days ago
Conio joins Nexi Open, the open banking services ecosystem of Nexi paytech
Crypto6 days ago
Bitcoin Rally or Altcoin extinction? Top Trader sees gloomy future for ETH, XRP and Co.