Two California Cities Growing Faster Than All Others
Population growth can have a ripple effect throughout a local economy. As people move into an area and families grow, demand on housing, local businesses and infrastructure can be unexpectedly impacted. Examining shifts in populations and their dynamics can help residents understand the greater economic picture and inform their financial decisions
While the trend of Californians flocking to more affordable states continues, turns out certain parts of the Golden State continue to grow. Specifically, two California cities recently ranked on SmartAsset’s list of fastest-growing cities in the U.S.
The study, which analyzed cities with populations over 100,000 in America, looked at 344 cities based on U.S. Census data. Menifee next door in Riverside County and Roseville up north in Placer County both ranked in the top 20.
According to the data, Menifee ranked No. 9 overall as it saw its population grow from 90,599 in 2017 to 109,399 in 2022, or 17.4%. Meanwhile,
Roseville ranked No. 20, with its population surging from 135,325 to 154,826, or 12.2%. The study also found that during the same time period, California’s largest cities (which are also the most expensive) lost residents. San Francisco reported the biggest decrease (7.8%), followed by San Jose (5%), Los Angeles (3.8%), and San Diego (2.7%). Data showed California suffered a net loss of 342,000 residents last year. 2023 is expected to be worse!
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