CoStar: Lehigh Valley Leading PA in Working-Age Population Growth
By Colin McEvoy on October 9, 2019
The U.S. 20–64 population increased by 0.25% last year, but of Pennsylvania’s 67 counties, only seven surpassed this growth rate and 55 experienced net declines. Of the areas that saw growth, the Lehigh Valley saw the largest amount, according to CoStar.
Below is an excerpt from the CoStar story, which was written by Ben Atwood and Adrian Ponsen and published on Oct. 8:
The highest levels of working-age population growth (ages 20-64) occurred in the counties surrounding Philadelphia.
Lehigh Valley is the state’s fastest growing region for working-aged adults. The county grew by 0.5% in 2018, adding over 1,000 residents. The region has benefited tremendously from the logistics boom, adding around 16,000 transportation jobs this decade, doubling the number of transportation workers.
The latest population figures don’t surprise Lehigh Valley Economic Development Council President and CEO Don Cunningham.
“A lot of our growth has been from young people,” Cunningham said. “Thirty percent of the population in our cities is between 18 and 34, and we have a lot of young people moving into the area for the jobs.”
Cunningham believes that trucking is playing a role, but that other factors are at play in Lehigh Valley as well.
He said, “Distribution is definitely our fastest growing employment sector, but our biggest employers are in finance, insurance and real estate as well as advanced manufacturing. It doesn’t hurt that we’re also an hour and a half from New York City and Philadelphia.”
CoStar is the leading provider of commercial real estate information, analytics, and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information.
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