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For 33 months now, Phoenix, Arizona, has led the nation in home price increases. Unfortunately for locals, wages in the area have not been on the same high-speed elevator, growing only 5.3% in 2021.
Phoenix's recent growth rate of 9.4% from the 2010 census is the first time it has recorded a growth rate under 24% in a census decade. [152] However, in 2016, Phoenix once again became the fastest growing city in the United States, adding approximately 88 people per day during the preceding year. [146]
As of the 2020 United States census, Arizona had a population of 7,151,502. [2]A past census found that the population had seen a natural increase since the last census of 297,928 people (that is 564,062 births minus 266,134 deaths) and an increase due to net migration of 745,944 people into the state.
Phoenix has maintained an expansion streak in recent years, growing by 24.2% before 2007. This made it the second-fastest-expanding metropolitan area in the United States preceded by Las Vegas, whose population had expanded by 29.2% during that time. [113] 2008 was an eventful year in the Valley of the Sun.
Arizona will not approve new housing construction on the fast-growing edges of metro Phoenix that rely on groundwater thanks to years of overuse and a multi-decade drought that is sapping its ...
About one-quarter of U.S. adults over age 50 say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds. About 1 in 4 have no ...
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It is one of the fastest growing conurbations in the country and is speculated to double its population by 2040. [2] The largest metropolitan areas are the Phoenix metropolitan area – Valley of the Sun, and the Tucson metropolitan area – The Old Pueblo. The regions' populace is nestled in the valley of a desert environment. [2]