NY and CA Populations Shrinking Fast

California and New York each lost more than half a million residents between 2020 and 2022, according to population estimates issued last week by the Census Bureau. New York’s population declined by 2.1 percent and California’s by 1.2 percent.

Other big losers were Illinois, which lost 1.6 percent, and Louisiana, which lost 1.3 percent. Populations also declined in Hawaii, Massachusetts, Maryland, and Oregon, all of which have expensive housing markets. But populations declined in West Virginia, Mississippi, Michigan, Ohio, and New Mexico, which generally have affordable housing markets. Continue reading