The seven-county region has surpassed the 3 million mark
Provided by Metropolitan Council (Photos and charts courtesy of Met Council, Metro Transit)
The findings from the Metropolitan Council’s city-level preliminary population estimates for 2015 confirm U.S. Census Bureau findings that the seven-county region has surpassed the 3 million mark.
The preliminary estimates show growth continues to occur across the region, with the strongest growth occurring in urban and suburban areas. As population growth outpaces residential construction, however, the region’s housing vacancy rate has gone down, making for a competitive rental market and higher housing prices.
“The region’s steady growth reflects our diversified, competitive economy, and low unemployment,” said Council Chair Adam Duininck. “It’s great to see this growth shared across all corners of our region.
“But growth also challenges us be smart about investing in key areas that promote prosperity, create choices, and reduce disparities,” said Duininck. He believes in:
- Transit to ensure mobility and connect people to jobs
- Development that is transit-friendly and promotes efficient land use
- Housing that’s affordable and safe
- Water that’s clean and abundant
Local government officials will have an opportunity to review and comment on the preliminary estimates. By statute, the Council will finalize the estimates by July 15 for state government purposes, such as local government and street aid.
According to preliminary estimates, as of April 1, 2015, the seven-county region’s population exceeded 3 million (3,004,693). By comparison, the region hit 1 million people in 1940 and 2 million people in 1980. The region’s population has increased by more than 155,000 since the 2010 Census, a 5.4% increase.
Minneapolis saw the most new residents
The preliminary estimates show that growth is occurring throughout the Twin Cities. The communities that have added the most people since 2010 are:
Declining vacancy rates
According to the preliminary estimates, the region added 58,855 households between 2010 and 2015, but just 43,286 housing units. The remaining 15,569 households occupied existing housing, drawing down vacancy rates.
Vacancy rates dropped as the economy improved after 2010 and reached an estimated 4.4% in 2015, down from 5.8% in the 2010 Census. According to annual data from the U.S. Census Bureau’s Current Population Survey, vacancy rates in our region are at their lowest since the early 2000s, and they are some of the lowest in the country.
About the Estimates
The Council’s estimates differ from those developed by the U.S. Census Bureau, scheduled for release on May 19. The Census Bureau uses an estimation method that relies on birth rates, death rates, and migration rates to arrive at county populations, then apportions those county populations to the various communities.
The Council’s method takes advantage of the latest available local information on each community’s housing stock, vacancy rate, and group quarters population.
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