According to a recent report by Buffalo Business First, an affiliated publication of Austin Business Journal, the population of the Austin metro area is expected to surpass 2.1 million in March. The report focused on the country’s “major metros,” those with 500,000 residents or more. It identified 25 of those metros as being expected to reach population milestones this year, defining a milestone as a round figure that ends with five zeroes.
Of those 25 cities, Austin actually leads the list of projected gainers, with an estimated 2.8% increase in population in 365 days. And by 2040, according to projections, the city’s population will reach nearly four million—again, the fastest growth rate among the major metros.
So where are all the Austinites of tomorrow originating? According to a report from the Texas Association of Realtors, Texas was the most active state in the nation for relocation activity. More than half a million new residents came to Texas in 2015, with 65,500+ coming from California and almost 34,000 coming from Florida.
But lots of Texas residents left the state, too, with the Lone Star State ranking third in the country for the number of residents departing. More than 41,000 headed to California, while almost 30,000 relocated to Florida.
The Texas Association of Realtors report also broke down the movement county-by-county, finding that the number of migrants to the Austin area from Houston and Dallas was nearly identical, with each metro sending around 13,300 new residents to Austin in 2015. As for out-of-state metros, the largest number of emigrants to Austin comes from Los Angeles and New York. Each city sent just over 2,500 residents to Austin in 2015.
The Texas Realtors report contains lots of additional interesting data; you can view it here.
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