What's happened
Southern US states like Texas, Georgia, and South Carolina are becoming popular destinations for retirees, with significant population growth rates. Florida's metro areas, especially Wildwood-The Villages, are experiencing substantial increases in population. Texas had six of the ten fastest-growing counties in the US between 2022 and 2023. Affluent baby boomers are moving from Florida to southern Appalachia, bypassing Florida altogether. Polk County in Florida saw the highest influx of people moving from other parts of the US.
Why it matters
The migration of retirees and population growth in the southern US states signify a shift in demographic trends, impacting local economies, infrastructure, and housing markets. This influx could lead to increased economic activity, job opportunities, and demand for services in these regions. It also highlights the changing preferences of retirees and the potential for further development and urbanization in previously rural areas.
What the papers say
The Census Bureau data reveals a significant increase in population growth in southern states, with Florida's metro areas showing notable growth. While Texas had the fastest-growing counties, affluent baby boomers are choosing southern Appalachia over Florida for retirement. The influx of people into Polk County, Florida, is attributed to its affordability compared to neighboring metro areas.
How we got here
The appeal of southern US states to retirees is driven by factors such as favorable weather, lower costs of living, and amenities tailored to older populations. The population growth in these regions reflects a broader trend of migration within the US, with retirees seeking new destinations for their golden years. The development of retirement communities and urban areas in previously rural counties indicates a shift in demographic patterns and preferences.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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