Should Las Vegas worry about declining population?
UNLV’s latest annual 2024-2060 Population Forecast has Clark County’s population growth dipping below 2 percent in 2027 and below 1 percent by 2039. By 2060, the county will only be adding around 15,000 residents annually, for 0.5 percent growth.
Attracting new residents because of affordability, jobs
Andrew Woods, director of the Center for Business and Economic Research at UNLV and one of the authors of the report, said right now Clark County has a leg up on a lot of places in terms of attracting residents given its affordability.
“We are still a very popular place for particularly Californians to move to, and we get a good influx of people from Arizona and Illinois. And so 60 percent of our population growth is coming from out of state,” he said. “It’s really important for us to talk about economic migrants, they’re coming here for work and they’re coming here for economic purposes, such as a lower cost of living. And so we’re not like most of the nation where we’re on this gradual decline yet in terms of population growth. We’ve got a lot of people still moving here and they are voting with their feet.”