Texas emerged as the top state for population growth in 2023, adding a whopping 473,000 new residents, according to recent U.S. Census Bureau data.
The Lone Star State is attracting a diverse mix of newcomers combined with the crushing weight of new residents added by illegal immigration.
It led the nation in new Hispanic, Asian, and Black residents, with major cities playing key roles.
Houston topped the charts for Hispanic growth, while Dallas attracted the most Asian and Black residents among U.S. metro areas.
In contrast, the non-Hispanic white population—still the largest group at 58% of the total—actually declined by 461,000.
This drop is due to deaths outnumbering births in an aging demographic with a median age of 43.2 years.
The Asian population grew significantly, adding over 585,000 people, largely through immigration.
The Black population increased by roughly half a million.
Texas counties dominated the list of fastest-growing areas.
Harris County (Houston) led with 53,000 new residents, followed by Collin County (north of Dallas) with 36,000, and Montgomery County with 32,000.
"Texas is changing. It's going to become a purple and then blue state because of the demographics and population growth.
Far-right conspiracy theorist?
Nope. This is Julian Castro, one of the top Democrats in the state of Texas. pic.twitter.com/rQTf3tMnE5
— End Wokeness (@EndWokeness) December 23, 2023
What does this mean for investors and businesses?
1. Labor Market Dynamics: Texas’s growing, diverse workforce could attract more companies, potentially boosting real estate and local economies.
2. Consumer Trends: Changing demographics may shift consumer preferences, creating new market opportunities.
3. Housing Demand: Population growth, especially in specific counties, could drive housing market expansion and development projects.
4. Infrastructure Needs: Rapid growth may necessitate increased spending on roads, schools, and public services, creating potential investment opportunities.
5. Political Landscape: Demographic shifts could alter voting patterns, potentially affecting future policy decisions.
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The median U.S. age increased slightly to 39.1 years, and women make up 51% of the population.
