Which States Are Growing Fastest?

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By Harry Dent

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% annualized.

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The other top 10 also include:

  • Nevada, 2.00%;
  • Utah, 1.89%;
  • Washington State, 1.71%;
  • Florida, 1.59%;
  • Arizona, 1.56%;
  • Texas, 1.43%;
  • Colorado, 1.39%,
  • Oregon, 1.39%; and
  • South Carolina at 1.30%.
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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.
Harry

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2 thoughts on “Which States Are Growing Fastest?

  1. Oh no…. PLEASE don’t come to Florida. There are billions of bugs, snakes, lizards and the heat is unbearable. And of course us old people can’t drive and sit on I-95, I-75 and I-4 reading our maps causing hours of backups and delays. The waters are filled with sharks and alligators and just about everything here in nature wants to eat you. The crazy crackers here all carry guns and knives and hate Yankees. Tx or Az is much better so go check them out.

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