Quote:
Originally Posted by marothisu
White collar jobs are being added to Chicago at a big rate and that population is increasing a lot. However, areas around Englewood mostly are losing population and it's offsetting the gains of the rest of the city. Englewood's unemployment rate in 2017 was over 10 percentage points higher than it was in 2011. If you want to see that overall population number go up again, then you have to also address the areas that are losing a lot of people - which is mostly in and around Englewood.
And obviously more population = potentially more tax base, but not always. Sucks to lose people obviously but from a tax base perspective if you lose 5 people who made $25K and add 2 people who make a combined $250K, you've lost 3 people in your population but also gained $125K in tax base at the same time. That's another story though. I'd rather have those 5 people stay and those 2 people added at the end of the day, personally.
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Yeah, I get that’s happening in the city, but estimates suggest most suburbs are down slightly between 2017 and 2018. The city is also down slightly, but high income households are growing. The only part of the region with any widespread increases are along the fringe in the far SW and NW suburbs. The metro is aging, but the median age here is younger than NYC and LA. The economy is in a good spot - downtown office market is strong and industrial spaces have had several strong quarters. Unemployment is low. Yet we’ve lost ~20,000 people each year for the last 3-4 yrs.