Texas and Florida Lead The Nation In New Residents

Texas and Florida are experiencing the highest rates of population growth in the United States. Between July 2019 and July 2020, Texas saw an influx of over 373,000 new residents, while Florida ranked second with an estimated 241,000+ new residents. These figures account for both migration trends and new births in each state, as reported by the U.S. Census Bureau.

Idaho can take pride in an interesting statistical achievement. It was the state with the highest population growth relative to its size during the aforementioned period. Some have suggested that this growth in Idaho was largely driven by California residents leaving the country's most populous state in search of a more affordable standard of living.

Those examining these population shifts have observed a growing decline in population in New York and New Jersey, likely due to rising housing costs in both states. Florida has often become the destination for these individuals.

It is also believed that California is experiencing a population decline because of the high cost of housing in urban areas. For the first time in decades, California saw a net loss in population during this period.

Many believe that the high cost of the housing market is negatively affecting the housing prospects of middle- and lower-income people in California. There are concerns that South Florida may face a similar fate as California's urban areas within the next decade.

Some analysts have suggested that the COVID-19 pandemic may have influenced these trends, as people who lost their jobs could no longer afford rent or mortgage payments.

South Florida is reportedly a popular destination for new residents. Tampa currently ranks as the number one relocation destination in the U.S., with the Miami/Fort Lauderdale area ranking fourth and Orlando in fifth. Phoenix (#2) and New York City (#3) complete the top five relocation cities.