Quote:
Originally Posted by craigs
I think metro Phoenix has a good shot at six million, even with the impending boomer die-off. If it does reach that milestone, though, it may not stay there for long.
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Certainly maybe but I'm really not sure. For me it feels like a coin toss. The last census estimates put Phoenix at 5,186,958 with a growth rate of +1.66% (+84,938) for the 2023-2024 time period. So the question is what the timeline would be to cover that 800,000 gap.
If Phoenix kept up 1.66% growth every year it would get them past the 6 million mark in 2033.
BUT, that year the state grew by +1.5% and the current estimate for 2025 has Arizona's growth down from +1.5% to +0.9% (+67,394).
If Phoenix again represents 77% of the state's growth for the year that would put Phoenix's growth around +1% (+52,365) for the upcoming metro estimates. This is down from +1.66% the year before.
At +1% every year it would take until 2039 for Phoenix reach 6 million which is certainly within the realm of possibility.
The problem with me projecting using these current state estimates we just got and with the upcoming metro estimates is that they estimate growth between July 2024 to July 2025--meaning they capture 6 months of business as usual and 6 months of anything but. What portion of these new growth numbers are stuffed into those first six months? We probably won't have a good sense of that until we get the July 2025-July 2026 estimates a year from now.
Will Phoenix then still have at least +1% growth? Seems unlikely. >+1% growth for July 2025-July 2026 seems a tough reach for
any metro to be honest. That would be a huge drop off considering we saw 7 metro areas with >2% growth rates for 2023-2024. Even if growth rates rebound down the line that will still be several years of hampered growth delaying the 6 million milestone for Phoenix even further.
Just going down the list of other <6 million metros to complete this thought exercise, next comes Boston at 5 million. Maybe Boston has a chance to bridge that 1 million gap to reach 6 million, but with it's 2023-2024 growth rate it would take until 2040 to do so. Who knows what the rate will be for 2024-2025.
Then next comes Riverside which I kind of just lump with L.A., and then next San Francisco which I just lump with San Jose. Which then begs the question of why I'm not just talking about the CSAs instead of the MSAs and yeah in that case I'd change it to any CSA larger than 7 million will stay above 7 million and any CSA less than 7 million will never reach 7 million. Miami CSA at 7.3 is questionable though.
But continuing down the list of metros:
Next comes Detroit at 4.4 million. If it could continue its 2024 growth rate of .71% it would take until 2068 to reach 6 million.
Next Seattle at 4.1 million it would take until 2047 if it could keep it's 2024 growth rate of 1.63%.
These are far enough timelines that we're talking about when the country will have rapidly aged and likely shrunk so these growth rates will be difficult to hang onto.
And the metros fewer than 4 million start to see some absurd impossible-to-actually-predict timelines to reach 6 million. These of course are meaningless and I'm just posting them for fun.
Minneapolis at 3.7 million with its 2024 growth rate of .95% would take until 2074 to reach 6 million.
Tampa at 3.4 million with its 2024 growth rate of 1.5% would take until 2062 to reach 6 million.
San Diego at 3.3 million with its 2024 growth rate of .39% would take until 2179 to reach 6 million.
Denver at 3 million with its 2024 growth rate of 1.05% would take until 2089 to reach 6 million.
Orlando at 2.9 million with its 2024 growth rate of 2.65% (the best rate among the large metros that year) would take until 2052 to reach 6 million.
Charlotte at 2.9 million and +2.17% would take until 2059.
Baltimore at 2.9 at +.4% would take until the year 2210
St. Louis 2.8 million / +.23% per year / Reaches 6 million in year 2354
San Antonio 2.8 million / +1.74% / Year 2069
Austin 2.6 million / +2.33% / Year 2062
Portland 2.5 million / +.64% / Year 2159
Sacramento 2.5 million / +1.18% / Year 2100
Pittsburgh 2.4 million / +.02% / Year 6544

Las Vegas 2.4 million / +1.89% / Year 2073
Cincinnati 2.3 million / +.88% / Year 2134
Kansas City 2.2 million / +1.11% / Year 2113
Columbus 2.2 million / +1.38% / Year 2097
Indianapolis 2.2 million / +1.24% / Year 2107
Cleveland 2.2 million / +0.26% / Year 2416
Nashville 2.2 million / +1.73% / Year 2084