Recent data from the U.S. Census Bureau highlights that U.S. metro areas, particularly major cities like New York, Houston, Dallas, and Miami, have seen significant population growth from 2023 to 2024, primarily driven by international migration. While some cities are recovering from the population declines experienced during the COVID-19 pandemic, the overall increase of nearly 3.2 million people represents a faster growth rate than previous years. Experts note that economic opportunities are attracting professionals back to these cities as companies transition back to in-office work.
Increasingly, population growth in metro areas is being shaped by international migration. While births continue to contribute to overall growth, rising net international migration is offsetting the ongoing net domestic outmigration we see in many of these areas.
Economic opportunities attract big-city movers, especially as many companies return to the office. During the pandemic, companies moved toward remote-first or remote-only working models, which allowed many big-city dwellers to move out to more affordable locales.
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