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.

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%.

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
Follow Me on Twitter @harrydentjr

P.S. We’ll continue this demographics discussion next week when we take a look births over deaths. Did you know that Utah leads natural population growth in the U.S. due to high births while sucks wind with so many retirees? And later in the month we’ll look at international immigration trends that are favoring states like Florida. Stay tuned.

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.