For decades, Virginia’s population has grown steadily, adding around 900,000 residents each decade. After accounting for slowing growth due to an aging population, Virginia’s population should have increased by around 590,000 residents by this point in the decade; however, the Weldon Cooper Center’s 2017 population estimates show that Virginia’s population has only grown by 469,000 residents since 2010. This slowdown in population growth means that Virginia has over 100,000 fewer residents than expected, the equivalent of Albemarle or Spotsylvania County.
Source:Census Bureau State Population EstimatesThe most obvious reason why Virginia’s population has grown more slowly than expected over the past few years is the federal budget sequestration which has hobbled Virginia’s economy, particularly in Northern Virginia. Since the federal budget sequestration began in 2013, Virginia has had more people moving out than in each year. A rise in retirees leaving Virginia for warmer climates and young adults moving to metro areas with stronger economies and cheaper housing has also boosted out-migration from Virginia. Read Full Article →