{"id":347119,"date":"2023-03-31T12:20:59","date_gmt":"2023-03-31T16:20:59","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=347119"},"modified":"2023-03-31T02:52:35","modified_gmt":"2023-03-31T06:52:35","slug":"population-drops-even-more-in-california-san-francisco-bay-area-coastal-southern-california-san-francisco-8-from-peak-but-19-inland-counties-grow","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2023\/03\/population-drops-even-more-in-california-san-francisco-bay-area-coastal-southern-california-san-francisco-8-from-peak-but-19-inland-counties-grow\/","title":{"rendered":"Population Drops Even More in California, San Francisco Bay Area, Coastal Southern California. San Francisco -8% from Peak! But 19 Inland Counties Grow"},"content":{"rendered":"
by Wolf Richter, Wolf Street<\/a>:<\/em><\/p>\n Where is demand for homes supposed to come from when the population keeps dropping like this?<\/strong><\/p>\n The Census Bureau released its Vintage 2022 population estimates today. I\u2019m going to focus on California, especially the big population centers in Southern California and the San Francisco Bay Area. The big coastal counties lost population, some of them a lot of population. Some inland counties gained population, but not enough, and the State overall lost population.<\/p>\n TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n I\u2019m going to look at this with an eye on the housing market because these shifts are already having an impact, with the San Francisco Bay Area being one of the worst housing markets in the country with some of the steepest price declines, and with home prices in coastal southern California also getting hit.<\/p>\n Between April 1, 2020 and July 1, 2022, California\u2019s population dropped by 508,900 people, to 39.03 million, below where the population had been in 2016. The uptick in 2020 was due to the adjustment based on the 2020 Population Census:<\/p>\n <\/p>\n Over these 27 months, the population change is composed of these factors:<\/p>\n The nine-county San Francisco Bay Area lost 249,400 people over the 27 months between April 1, 2020 and July 1, 2022. The population loss was slower in the 12 months through July 1, 2022, than in the earlier period, but continued.<\/p>\n The nine-county Bay Area population overall declined by 3.3% from the peak in 2020, to 7.516 million, which is below where it had first been in 2014. In the chart, the uptick in 2020 is due to the population adjustment following the Census of 2020:<\/p>\n <\/p>\n San Francisco\u2019s population plunged by 8.1%\u00a0<\/strong>from the peak in 2018 to 808,400 in mid-2022, below where it had been in 2012.<\/p>\n The city has experienced crazy boomtown years through 2019, with big price increases, enormous congestion, much hyped office shortages and apartment shortages, which then turned into gluts, as the boomtown craziness faded. But it\u2019s still congested and expensive, and getting into your favorite restaurants can still be tough,\u00a0but home prices are down a lot<\/a>,\u00a0by every measure<\/a>.<\/p>\n\n
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Population Decline in the San Francisco Bay Area.<\/strong><\/h3>\n
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\n Bay Area County<\/strong><\/td>\n Pop. Loss<\/strong><\/td>\n Births minus deaths<\/strong><\/td>\n International net migration<\/strong><\/td>\n Domestic net migration<\/strong><\/td>\n<\/tr>\n \n San Francisco<\/td>\n -65,522<\/strong><\/td>\n 2,654<\/td>\n 7,679<\/td>\n -70,929<\/td>\n<\/tr>\n \n Santa Clara (Silicon Valley)<\/td>\n -65,329<\/strong><\/td>\n 17,263<\/td>\n 25,283<\/td>\n -105,884<\/td>\n<\/tr>\n \n Alameda (East Bay)<\/td>\n -53,334<\/strong><\/td>\n 12,682<\/td>\n 16,030<\/td>\n -80,712<\/td>\n<\/tr>\n \n San Mateo (Silicon Valley)<\/td>\n -35,251<\/strong><\/td>\n 5,250<\/td>\n 6,494<\/td>\n -46,010<\/td>\n<\/tr>\n \n Contra Costa (East Bay)<\/td>\n -8,961<\/strong><\/td>\n 5,940<\/td>\n 6,555<\/td>\n -22,397<\/td>\n<\/tr>\n \n Marin (North Bay)<\/td>\n -6,300<\/strong><\/td>\n -36<\/td>\n 1,299<\/td>\n -7,594<\/td>\n<\/tr>\n \n Sonoma (Wine Country)<\/td>\n -6,225<\/strong><\/td>\n -293<\/td>\n 832<\/td>\n -6,612<\/td>\n<\/tr>\n \n Solano<\/td>\n -4,743<\/strong><\/td>\n 2,091<\/td>\n 1,199<\/td>\n -8,047<\/td>\n<\/tr>\n \n Napa (Wine Country)<\/td>\n -3,724<\/strong><\/td>\n -290<\/td>\n 187<\/td>\n -3,653<\/td>\n<\/tr>\n \n Total:<\/strong><\/td>\n -249,389<\/strong><\/td>\n 45,261<\/td>\n 65,558<\/td>\n -351,838<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n The two biggest population losers in the Bay Area<\/strong>.<\/h3>\n