15 Inexpensive American Cities With The Most Young People | Home + Life + Health
The effects of these changes will have lasting consequences across the country. According to an analysis of the Brooking Institute, it is expected that all states and metropolitan areas will continue to experience population growth over 55 years of age. This will lead to higher health care costs and lower tax revenues, among other challenges. However, for younger age groups – with nationally declining population shares – it will largely be migration that will determine which places experience gains or losses. And according to the National Association of Real Estate Agents, affordability is more important for those under 30 than for any other age group.
Recent census data shows consistency with these trends, namely that places with lower than average cost of living tend to attract more young people. At the state level, Utah and Texas have the largest youth populations, where 48.2% and 42.8% of the population are under the age of 30, respectively. These two states have a cost of living that is 3.5% lower than the average. Texas, in particular, stands as being among the top states for total population growth, net migration and its youthful population growth over the past 10 years. These trends only accelerated during the pandemic, which triggered an increase in the number of individuals, families and businesses. move to texas high-cost states like California looking for lower taxes, more affordable housing, and fewer government restrictions.