Population Trends

Raziel Ungar

Raziel Ungar

April 4th, 2024 - 2 min read

The U.S. Census recently released county population figures through July 1, 2023. The 1st two charts below pertain to the 11-county greater Bay Area. After the substantial drop after the pandemic first hit, annual declines slowed rapidly in the last 2 years. 

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% county population changes since the pandemic, including Sacramento County and the combined 5 CA & NV counties touching Lake Tahoe. Again note that these are 3-year changes and that population declines slowed rapidly since the 2020-2021 plunge.

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National 2022-2023 county population-change map. Domestic migration has slowed since the first pandemic year, but still continues to impact local markets:  Percentage changes in the 12 months through 7/1/23 (orange = decline; green = increase). 

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After the dramatic change of 2020-2021, SF stopped losing population in the last year measured and registered a (very) small increase for the first time since 2018. 

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This SAMPLE breaks down SF population change by the 3 main components. As is common around the Bay Area, negative net domestic migration numbers and positive net foreign immigration numbers, plus relatively small changes due to natural causes (births & deaths). 

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Data on "billion dollar plus" natural disasters in the U.S. since 1980, context for the crisis in homeowner's insurance rates.

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Billion dollar plus  natural disasters in 2023:

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Homeowner's insurance costs by state, per new Freddie Mac report:

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