Tampa Bay among fastest-growing large U.S. metro areas | Business Observer (2024)

U.S. population growth has slowed to its lowest rate on record. At the end of 2021, the U.S. Census Bureau announced that the nation’s population had grown by 392,665 compared to the previous year, an increase of just 0.1%.

The Tampa Bay metro area, which includes Tampa, St. Petersburg and Clearwater, is going againstthat trend, according to a new study by Inspection Support Network, a company that provides software for residential, insurance and commercial property inspections. From 2016 to 2021, Tampa Bay’s population surged from 3,048,963 to 3,219,514, an increase of 170,551, or 5.6%. That ranks it No. 15among the nation’s large metro areas, just behind Phoenix-Mesa-Chandler, Arizona.

According to the study, a steady influx of international immigration continues to drive population growth in the Sunshine State.

“Whileinternational migration to the United States has declinedoverall, states like Florida, Texas, New York and California continue to report large numbers of international immigrants,” ISN states.

Florida’s population growth, however, is part of broader domestic migratory trends that accelerated during the pandemic.

“Historically, the majority of the U.S. population was located in the Northeast and Midwest, but for the last hundred years, the share of Americans living in the South and especially the West has grown steadily,” ISN states. “The West’s share of the population first hit 10% in 1930 but now sits at 23.7%. Much of the South’s growth has taken place in the past half century: From 1910 to 1970, the South’s share of the population hovered between 30% and 32%, but since then, the share of population has grown to 38.1%.”

ISN says it’s therefore unsurprising to learn that Idaho and Utah are now the fastest-growing states, with Montana and Nevada close behind. Among small metro areas, St. George, Utah, ranks No. 1 with a five-year population growth rate of 20%. Coeur d’Alene, Idaho, and Bozeman, Montana, round out the top three.

Tampa Bay among fastest-growing large U.S. metro areas | Business Observer (2024)

FAQs

Tampa Bay among fastest-growing large U.S. metro areas | Business Observer? ›

From 2016 to 2021, Tampa Bay's population surged from 3,048,963 to 3,219,514, an increase of 170,551, or 5.6%. That ranks it No. 15 among the nation's large metro areas, just behind Phoenix-Mesa-Chandler, Arizona.

What is the fastest growing metro area in the US? ›

For the second year in a row, two Texas metropolitan areas are leading the country in terms of growth. The Dallas-Fort Worth area added 152,598 residents between July 2022 and July 2023, according to new data from the Census Bureau.

What is the fastest growing metro area in Florida? ›

In January 2023, VMAIL reported that the U.S. was seeing a surge in population despite falling birth rates globally. Areas in Florida that are seeing the largest population increases include, Wildwood-The Villages, recently named the nation's fastest growing metro area, saw its population rise by 5 percent to 151,565.

Why is Tampa Bay growing so fast? ›

Tampa has completely transformed itself into a desirable and competitive city with a thriving urban core, waterfront amenities, steady job growth, and a low cost of living.

What is the population growth of the Tampa metro area? ›

The metro area population of Tampa in 2023 was 2,977,000, a 1.09% increase from 2022. The metro area population of Tampa in 2022 was 2,945,000, a 1.17% increase from 2021. The metro area population of Tampa in 2021 was 2,911,000, a 1.18% increase from 2020.

What are the top five fastest growing cities in America? ›

Cities Where the Population Grew Most Over 5 Years
RankCity2022 Population
1Buckeye, Arizona105,567
2Enterprise, Nevada231,446
3Goodyear, Arizona105,404
4Meridian, Idaho129,730
16 more rows
Oct 31, 2023

What are the top 10 largest metro areas in the United States? ›

  • What are the largest U.S. cities by population? The largest cities by population in the United States are New York, Los Angeles, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, and Austin. ...
  • What is the largest city in the U.S.? ...
  • What is the biggest city in the U.S. by area?

What is the best growing area in Florida? ›

TALLAHASSEE, Fla. — Florida had four of the five fastest-growing metropolitan areas in the country from 2022 to 2023, led by the area that includes The Villages retirement community, according to data released Thursday by the U.S. Census Bureau.

What is the fastest growing city in the United States? ›

“Georgetown, Texas, remained the fastest-growing city by percent change in 2022, with the highest rate of growth among all U.S. cities and towns with at least 50,000 people.

What is the fastest growing industry in Florida? ›

Top 10 Industries Driving Growth in Florida
  • 1) Construction. Florida's construction industry has been steadily growing over the past few years. ...
  • 2) Retail. ...
  • 3) Consulting. ...
  • 4) Real Estate. ...
  • 5) Entertainment. ...
  • 6) Transportation. ...
  • 7) Professional. ...
  • 8) Health Care.

Why is everyone moving to Tampa Bay? ›

Tampa has been called one of the top cities in the nation for Millenial relocation. Some of the top reasons why Tampa Bay is seeing an influx from this demographic is because of the job opportunities, the low start-up cost for businesses compared to other cities, and the growing technology seen here.

Why is Tampa Bay so popular? ›

According to Forbes Advisor, Tampa is ranked first in its list of top locations to live in Florida. Beyond the beautiful landscape, Tampa offers award-wining cuisine, prisine beaches, major sports teams and more. And did we mention our shiny new Michelin stars?

Is Tampa the fastest growing city? ›

Tampa-St. Petersburg-Clearwater ranked sixth by population increase, adding more than 155,000 new residents. Lakeland-Winter Haven had the 12th-highest increase, and North Port-Bradenton-Sarasota came in at 15th. The seven counties in the Tampa Bay area added 315,559 in population, topping 5 million in 2023.

Is Tampa a good place to live? ›

Part of the Tampa Bay area, this Florida city is one of the best places to live in the Southeast, with affordable living options, gorgeous tropical weather, quick access to the beach, and more. If you're thinking about living in Tampa, here are 12 things to know!

What is the future growth of Tampa? ›

After welcoming over 740,000 new residents since 2010 (a 17.5% increase), rapid population growth is projected over the next five years, as Tampa Bay is expected to grow at nearly twice the rate of the country as a whole. By 2026, Tampa Bay's population is estimated to reach more than 5.3 million people.

Where does Tampa rank in population? ›

Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough County. With an estimated population of 398,173 in 2022, Tampa is the 49th-most populous city in the country and the third-most populous city in Florida after Jacksonville and Miami.

What is the fastest growing metro area running out of water? ›

The St. George area, where Ford lives, is the nation's fastest-growing metropolitan area. The influx of people combined with drought has strained its water system and a growing chorus of people fear there won't be enough to go around.

Which U.S. state has the fastest growing economy? ›

  • Idaho. #1 in GDP Growth. #3 in Best States Overall. ...
  • Utah. #2 in GDP Growth. #1 in Best States Overall. ...
  • Tennessee. #3 in GDP Growth. #24 in Best States Overall. ...
  • Florida. #4 in GDP Growth. #10 in Best States Overall. ...
  • Arizona. #5 in GDP Growth. ...
  • Washington. #6 in GDP Growth. ...
  • North Carolina. #7 in GDP Growth. ...
  • Maine. #8 in GDP Growth.

What are the two fastest growing cities in America? ›

The full list of America's fastest-growing cities
RankMetro AreaBoomtown Score
1Provo-Orem, UT Metro Area37
2Boise City, ID Metro Area47
3Coeur d'Alene, ID Metro Area52
4Bend, OR Metro Area54
96 more rows
Jul 11, 2023

What is the most rapidly growing region? ›

10 Fastest Growing Regions in the World
  • The Caucasus and Central Asia.
  • Southeast Asia.
  • Pacific Islands.
  • North Africa.
Oct 28, 2023

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