Americans are on the move, and thanks to recent statistics from the U.S. Census Bureau we know that more than 70,000 people have moved to Oregon in the last year.
Why Are More Americans Moving To Oregon Than Other States?
Why do more Americans continue moving to Oregon than other states? Affordable homes, jobs, and no sales taxes are just a few reasons why more people have moved to Oregon in the last 12 months.
In Oregon home prices have increased by 12.8% in the last year to $319,900 while the median home price in California is $393,000.
Eleven counties in Oregon have unemployment rates below 5%, and what most people don’t know is that 5 counties in Oregon have unemployment rates below the national unemployment rate of 4.6%.
Job growth in Oregon Remains at a 20 year high and that growth is thanks in large part to the start of more small businesses in Oregon since small businesses here are responsible for employing over half of the states work force.
Construction of new homes in Oregon has also played a vital role in bringing new people to Oregon, although home construction still continues to fail to keep up with demand, and that’s one of the biggest reasons why metro areas like Portland has seen rapidly increasing rents over the last two years.
Oregon Is The Sixth Fastest Growing State
The bureau estimated the Beaver state reached a population of 4.09 million as of July 2016.
The 1.7 percent population increase makes Oregon the sixth fastest-growing state by percentage, according to the Census Bureau.
Washington and Idaho grew about 1.8 percent from July 2015 to July 2016.
Among the ten states with highest total growth, just under four percent of the total ended up in Oregon.
Oregon’s growth could mean the state will add a congressional seat in 2020.
A report from Virginia-based Election Data Services Inc. says Oregon is on track for another congressional seat, joining other fast growing states including Florida, North Carolina and Texas.