More than two-thirds of large urban counties saw their populations decline, according to a recent report by the Economic Innovation Group (EIG) that used federal statistics.
Americans leaving urban counties reached a new high in 2021 as droves of people settled in suburban and exurban counties.report
“The big key takeaway to me was just how dramatic the effect was in 2021," August Benzow, the lead researcher on the study, told Yahoo Finance. . "Instead, exurban and rural counties saw a rising share of counties that gained population, with non-metropolitan rural counties seeing the highest population gain since 2008."'Bigger, cheaper housing'“The tendency is just for people to maybe be attracted to cities when they’re younger and then move out to the suburbs and exurban places to find bigger, cheaper housing when they choose to have families,” Benzow said. “That trend has always sort of defined the map.
"There are definitely some negative effects in places that are getting too many people at once,” Benzow said. “But then there's also the places that have been on the outskirts of metros and have maybe not seen a lot of populations grow and now are benefiting from having more people coming in and creating more jobs and more economic activity.”
For instance, Phoenix's Maricopa County, Arizona, experienced the most significant population growth despite being classified as a large urban county. How these demographic shifts affect key issues such as labor markets, political maps, and resource distribution has yet to unfold.
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