Oregon Cracks Top 10 Fastest Growing States
The U.S. Census Bureau released 2005 growth stats and Oregon moves into rarefied air as the 10th fastest growing state the country. Oregon grew 1.4% in 2005 and is now the 27th most populous state with 3.65 million inhabitants.
Assuming the majority of the almost 50,000 new state citizens moved into the Portland metro area, I am pleased at the business prospects for us real estate brokers. On the flip side, it does portend of a continuing cycle of growth and expansion for the region, with troubling issues at hand for education, land use, and public infrastructure.
I’m guessing that livability factors, low housing prices (relatively speaking), and a California exodus are leading to Oregon’s growth, despite the marginal job growth in the area.
Nevada, New Mexico, Utah, and Arizona are beneficiaries of California’s inaffordability, too. In fact, this is the 19th consecutive year for Nevada as the nation’s fastest growing state.
Fastest Growing States (July 2004 – July 2005)
|
2005 Growth
|
||
| 1. | Nevada |
3.5%
|
| 2. | Arizona |
3.5%
|
| 3. | Idaho |
2.4%
|
| 4. | Florida |
2.3%
|
| 5. | Utah |
2.0%
|
| 6. | Georgia |
1.7%
|
| 7. | Texas |
1.7%
|
| 8. | North Carolina |
1.7%
|
| 9. | Delaware |
1.6%
|
| 10. | Oregon |
1.4%
|
The nation grew 0.9 percent overall, a gain of 2.8 million people. Over half the nation’s population live in the South and West. The top 10 states in population account for 54% of the country’s residents.
Source: U.S. Census Bureau.
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Add comment December 27th, 2005
