Significant changes in population dynamics have occurred in the United States in recent years, notably in metropolitan regions. A study concentrating on 344 U.S. cities with populations of more than 100,000 in 2022 sheds light on these developments.
Based on data from the U.S. Census Bureau’s 1-Year American Community Survey, this research provides a complete look at population changes between 2017 and 2022.
Population Growth
Las Vegas’ population grew by 0.8 percent in 2022, continuing the good trend that began in 2021 (0.6 percent). While these rates fall short of pre-pandemic standards, the city’s 2022 growth rate ranks 13th among the 50 largest U.S. cities, consistent with historical trends.
- California RESIDENTS To RECEIVE $500 MONTHLY PAYMENTS In New Guaranteed Income Program: Here Is Who Is Eligible
- Us Job Market Booms With 272,000 New Jobs, But Unemployment Rises Slightly To 4.0%
- Credit Scores Of 720+ See Improved Loan Rates This Week
- Examining The Facts: Fact Check On IRS $8700 Stimulus Check Eligibility & Payment Dates
- Gas Prices On Downward Trend As Fourth Of July Road Trips Approach: AAA
City Ranking and Movement
In 2022, Las Vegas will be ranked 24th among the nation’s largest incorporated cities, a three-position increase from 2019. Over the last decade, the city has risen seven places, passing major cities such as Boston, Portland, and Memphis.
Contributions to Southern Nevada
The city’s rise has not only enhanced its own standing but has also contributed significantly to Southern Nevada’s population gains. The Las Vegas metropolitan area’s population increased by 1.2 percent in 2022, reversing a minor drop seen in 2020.
Factors Driving Growth
Las Vegas’ allure extends beyond the entertainment business. Individuals relocating to Nevada are motivated mostly by family (31 percent), career prospects (25.6 percent), and retirement (24.8 percent), according to the United Van Lines National Movers Study.
Employment Recovery
Despite significant employment issues during the epidemic, Southern Nevada’s recovery has been unsurpassed. For 28 months in a row, the region has ranked in the top three in terms of year-over-year employment growth, cementing its status as a magnet for job seekers.
Californians’ Migration
California continues to be a major source of new residents in Southern Nevada. In Clark County, around 35% of people exchanging out-of-state driver’s licenses for local ones were from California. Southern Nevada is an appealing option for Californians due to factors such as proximity and relative housing affordability.
Also Check: These Are the 5 Best Buffet Restaurants in Texas
While home affordability in southern Nevada has declined, it remains a viable option for people moving from California. According to studies, the median property price in Southern Nevada is less than half the price of homes in major California towns.
Conclusion
In conclusion, Las Vegas is a dynamic city with strong population growth that contributes greatly to the wealth of Southern Nevada. The combination of elements such as career prospects, housing affordability, and the city’s distinct charm makes it a magnet for people looking for a fresh start.