July 14, 2006

Population Explosion

U.S. Census Bureau data shows that the Dallas-Fort Worth area has become the 4th largest metropolitan area in the United States joining the New York, Los Angeles and Chicago. The information is not yet offical and won't become so until Spring 2007 when the offical tally is released.

Back in July 2005 DFW was a mere 4,000 residents away from the 4th position which went to Philadelphia. Census Bureau figures show that 5.819 million residents lived in the DFW area compared to 5.823 million in Philadelphia as of July 2005. While the Metroplex increases by about 365 new residents every day since the 2000 census while Philly only increses about 72 residents per day. At that rate DFW overtook Philly 13 days after the Census Bureau's estimate of 2005 and moves way ahead during the rest of the year.

When examining the Census Bureau's 5 year growth rates for the top metropolitan areas the Dallas - Fort Worth area should show a population count of roughly 5.95 million in the 2006 estimate. This should outdistance Philadelphia's expected 2006 count of 5.85 million and put DFW in the number four position.

What does this mean to us? Well we can expect compaines from around the world to view the DFW area with renewed interest. It's hard to imagine that any major company would not desire a presence in the fourth largest market in the United States with the added enticement of it also being one of the fastest growing areas in the country.

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