As the famous saying goes, “Old equals Gold” and older cities are proving how valuable they are in terms of recent population growth.
Fresh new census data out shows that older cities hold on to more people. This chart from the Brookings Institute shows how the annual population in big cities such as Chicago, LA, and San Diego have rebounded in recent years and how these cities have moved from having population slow-down to new-found growth.
Could this be good news for older cities that are hoping to reverse population declines of the past? Will these trends continue, given the housing market slowdown and increased commuting costs from the suburbs, expected to climb even higher?
What do you think?