People Are Leaving This Michigan City in Droves
Michigan is a great state to live, in my opinion. We have all the seasons and the warm, friendly folks of the Midwest. But, people are leaving one Michigan city in droves. It’s actually in the top five cities in the U.S. with the most declining population. Crazy, right?
The new study comes from FinanceBuzz.com. The staff studied America’s biggest cities, “including population, jobs, earnings, and other metrics to find which cities are booming and which ones are going bust.” FinanceBuzz.com also adds, “Cities are constantly evolving, and not always in the same ways. While one city may have solid finances and a growing population, another may see its people and prosperity trickle away.” As for methodology, the FinanceBuzz crew looked at and studied more than 100 of America’s biggest cities and found the fastest-rising and fastest-declining places in the country.
Before we get to our state, let’s look at some key findings. San Francisco, California; New Orleans, Louisiana; and New York, New York, are the fastest-declining cities in the U.S., according to the study. San Francisco is No. 1, as the city’s population has dropped by 8.29% since 2019. It’s “the sharpest drop of any of the 117 cities we looked at,” FinanceBuzz says. “Additionally, home values have risen at the slowest rate of any city in the country — nearly 73% slower than the national average.” Hey, at least they have the 49ers, and nobody can take that away from them. Meanwhile, Frisco, Texas; Gilbert, Arizona; and Chandler, Arizona are the fastest-rising cities in the U.S. Texas actually has a whopping four cities that rank in the top 25 fastest-declining metropolitan areas.
Folks are leaving this Michigan city
So, which Michigan city’s population is tanking? It’s Detroit, at No. 5 on the list of cities with shrinking populations. That surprises me, because it’s really come back and, in my opinion, as booming as ever. “Detroit’s population has fallen by 7.4% since 2019, a rate that is bested only by San Francisco, California,” the study says. “Beyond an exodus of people, per capita income has risen 75% slower than average. That’s the third-worst rate in the country.” Find more here.