State Demography Office Colorado Department of Local Affairs 2015 Growing Forward Population Trends...

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State Demography Office Colorado Department of Local Affairs 2015 Growing Forward Population Trends in Archuleta County

Transcript of State Demography Office Colorado Department of Local Affairs 2015 Growing Forward Population Trends...

Page 1: State Demography Office Colorado Department of Local Affairs 2015  Growing Forward Population Trends in Archuleta County.

State Demography OfficeColorado Department of Local Affairs

2015www.colorado.gov/demography

Growing ForwardPopulation Trends in

Archuleta County

Page 2: State Demography Office Colorado Department of Local Affairs 2015  Growing Forward Population Trends in Archuleta County.

Main Points Growing Forward• Income Challenges• Migration – how much, where,

and can we compete for the best and the brightest?

• Aging – we are getting old fast, labor force, income, industrial mix

• Growth – disparate across the state

• Ethnic/race diversity – increasing and aging into labor force.

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Big Picture - 2013-2014 Pop Change• US – 318 million, + 2.3 million or .7%

• Colorado

• 5,355,000

• Ranked 4th fastest 1.6% - ND, NV, TX

• 8th absolute growth 83,700 – TX, CA, FL, GA, AZ, NC, WA

• Range in Colorado - Preliminary

• +15,000 to -400 Or +5% to -3.5%

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2015 2030 2040Archuleta 12,465 18,427 23,120

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Factors Growing Forward?• Current Conditions as a base.

• National/International Conditions

• Build Out

• Cost of Living – Competition with lower cost states.

• Water

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Transitions Growing Forward• Income Challenges• Migration – how much, where,

job dependent, and can we compete for the best and the brightest?

• Aging – we are getting old fast, labor force, income, industrial mix

• Growth – disparate across the state

• Ethnic/race diversity – increasing and aging into labor force.

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Census Bureau

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Why Are We Getting Old Fast?• Currently very few people over the age 65. ◦ 4th lowest share of all states in US (10%)

• Baby Boomers◦ Born 1946 – 1964

◦ 1,340,000 Boomers in Colorado (26% of pop. in 2010)

• By 2030, Colorado’s population 65+ will be 125% larger than it was in 2010 growing from 555,000 to 1,243,000. (just from aging)

• Transition age distribution from “young” to more US average between 2010 and 2030.

State Demography Office, Census Bureau

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Aging Issues• Numbers• Economic Driver - wealthier ….

depends ◦ Impact on occupational mix

• Labor Force• Housing• Income – Downward Pressure• Health• Disabilities• Transportation• Public Finance – Downward Pressure

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Household Income….its future is demographically challenged.

• Age distributions – “End of “Demographic Dividend”

• Occupational Mix – high and low service

• More race/ethnicity diverse especially at young end but achievement gap is growing as well.

• Household type and size – single and smaller.

• Youth un and under employment - Long term permanent impacts on earnings.

State Demography Office

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To Ponder in My Community• Can we compete for best and brightest?◦ Maintaining Economic and Amenity

Advantages

• Can we manage growth in high and low skill/wage service jobs – bifurcation

• Disparate growth across state.

• More racially/ethnically diverse.

• Are we set to cope with opportunities and challenges of an aging population?

• How could downward pressure on household income impact our community

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Thank you

State Demography Office

Department of Local Affairs

Elizabeth Garner

[email protected]

303-864-7750

www.colorado.gov/demography

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Aging and Public Finance• Ratio of 65+ per 20-64 year olds in CO

• Becoming more “normal”• End of the “demographic dividend”• Public Finance – change in revenue and expenditures.

• Income tax – downward pressure• Sales tax – downward pressure• Property tax – downward pressure• Health services – increasing• Medicaid – increasing

Transition

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1990-2010 2010-2030 2030+

Source: State Demography Office

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Median Home Value

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Households By AgeSource: Census Bureau (1990, 2000) and State Demography Office (2010-2030)

March 2011

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

1990 2000 2010 2020 2030

18-24 25-44 45-64 65 & Over

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Source: Bureau of Labor Statistics 2011 Annual Average

Labor Force 16-34 is 35% of the labor force yet 50% of the unemployed

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Source ACS 2012 1 yr PUMS

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2013 Share of Jobs by IndustrySector Name Colorado Archuleta Dolores La Plata Montezuma San JuanAgriculture 1.5% 5.8% 22.9% 2.9% 6.5% N/AMining 1.1% 0.8% N/A 2.2% 2.0% N/AUtilities 0.3% 0.6% N/A 0.4% 0.8% N/AConstruction 6.1% 11.4% 17.5% 10.4% 6.6% 7.9%Manufacturing 4.7% 1.9% N/A 2.2% 3.2% N/AWholesale Trade 3.5% 0.9% N/A 2.0% 2.1% N/ARetail Trade 9.7% 12.0% 8.0% 10.6% 11.9% 13.5%Transportation & Warehousing 2.7% 0.7% 2.0% 2.1% 1.7% 4.5%Information 2.6% 1.3% N/A 1.5% 0.8% N/AFinance and Insurance 4.2% 1.8% N/A 3.5% 1.8% N/AReal Estate and Rental and Leasing 3.4% 6.9% N/A 3.8% 2.6% N/AProfessional and Technical Services 9.0% 6.4% 2.1% 6.2% 3.8% 6.5%Management of Companies 1.2% N/A N/A 0.1% 0.4% N/AAdministrative and Waste Services 6.1% N/A N/A 3.7% 2.8% N/AEducational Services 1.9% 1.0% N/A 1.3% 1.2% N/AHealth Care and Social Assistance 9.6% 6.1% N/A 10.7% 13.5% N/AArts, Entertainment, and Recreation 2.5% 2.7% N/A 3.6% 1.1% 8.5%Accommodation and Food Services 8.3% 13.0% 5.6% 10.1% 8.4% 23.9%Other Services 6.0% 9.8% 6.6% 5.2% 5.8% 3.9%Government 15.7% 12.9% 26.1% 17.4% 23.2% 22.0%

N/A - SuppressedSource: State Demography Office

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Population forecast methodology

+Births - Deaths+ Net

Migration

X LFPR

Jobs

- 2nd & 3rd job

- Commuters

Economic forecast Cohort-component

Labor SupplyLabor Demand

Differences resolved by net migration

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96% of Peak