Over 10 Million People Are Set to Move to This State

24/7 Wall St. Insights

24/7 Wall St. reviewed the National Population Projections study to identify which states are gaining population and which are losing numbers.
By 2040, nine states are projected to lose population while the populations of nine states and the District of Columbia are projected to grow by more than 25% by 2040.
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The United States population is currently over 337 million people. According to the U.S. Census Bureau, the population is expected to continue to increase until 2080, when it reaches a peak of 370 million, and then starts to decline. By 2100, projections put the population at 366 million. Changes in immigration levels could make this number either higher or lower. Within the U.S. some states are predicted to lose population in the next couple of decades, while other states are actually losing overall residents.

To determine which states will contribute to the national population growth and which will detract from it, 24/7 Wall St. reviewed the National Population Projections study. All states and the District of Columbia are ranked here by their projected population growth from 2020 to 2040 population. We added information about the states to provide more context as to possible population growth trends. For one, past population growth, from 2000 to 2020, came from the Census Bureau’s decennial censuses. Gross domestic product in current U.S. dollars, as well as five-year real GDP growth, came from the U.S. Bureau of Economic Analysis (the comparable national value for GDP growth is 2.2%). Median home values for each state came from the Census Bureau’s 2022 American Community Survey (the national median home value is $320,000).

Around 225 years ago, there were 1 billion people in the world. Today, this number has soared to over 8 billion. Countries that are experiencing the greatest population growth are the African nations of Angola, Niger, and South Sudan. Although the U.S. is not one of the countries with the largest population explosion, it is still seeing a steady growth of population.

By 2040, nine states are projected to lose population, five of them in the Northeast, two in the Midwest, and two in the South, including West Virginia, which is projected to lose over 7% of its population by 2040. At the other end, the populations of nine states and the District of Columbia are projected to grow by more than 25% by 2040. While Texas is the state with the largest projected population growth, at more than 35%, the District of Columbia’s population will soar by nearly 45% by 2040.

Why We Are Talking About This

What makes a state a nice place to live is certainly subjective. For some, population statistics may directly affect one’s decision to move to any particular area. Those of us who appreciate the hustle and bustle of busy streets may not mind moving to Texas, where the population will increase by 35%. For those of us looking for seclusion and quiet, West Virginia may be the best option, as its growth is at -7.78%. Furthermore, understanding trends of population growth and decline can help one gain an understanding of infrastructure needs and economic opportunities.

51. West Virginia

Projected pop. change, 2020-2040: -7.78% (-140,117 people)
2040 projected population: 1,661,849 (13th lowest of 50 states and DC)
Population growth, 2000-2020: -0.81% (the lowest)
GDP (current dollars), 2022: $97.4 billion — 10th lowest
Annualized real GDP growth rate, 2017-2022: 0.4% — 8th lowest
Median home value, 2022: $155,100 — the lowest

50. Vermont

Projected pop. change, 2020-2040: -3.37% (-21,003 people)
2040 projected population: 601,865 (the lowest of 50 states and DC)
Population growth, 2000-2020: 5.63% (8th lowest)
GDP (current dollars), 2022: $40.8 billion — the lowest
Annualized real GDP growth rate, 2017-2022: 1.2% — 18th lowest
Median home value, 2022: $304,700 — 24th highest

49. Illinois

Projected pop. change, 2020-2040: -3.08% (-393,624 people)
2040 projected population: 12,397,564 (8th highest of 50 states and DC)
Population growth, 2000-2020: 3.17% (3rd lowest)
GDP (current dollars), 2022: $1,025.7 billion — 5th highest
Annualized real GDP growth rate, 2017-2022: 0.7% — 12th lowest
Median home value, 2022: $251,600 — 19th lowest

48. Connecticut

Projected pop. change, 2020-2040: -1.41% (-50,835 people)
2040 projected population: 3,542,707 (21st lowest of 50 states and DC)
Population growth, 2000-2020: 5.88% (10th lowest)
GDP (current dollars), 2022: $319.3 billion — 23rd highest
Annualized real GDP growth rate, 2017-2022: 0.2% — 7th lowest
Median home value, 2022: $347,200 — 20th highest

47. Mississippi

Projected pop. change, 2020-2040: -0.95% (-28,338 people)
2040 projected population: 2,962,160 (17th lowest of 50 states and DC)
Population growth, 2000-2020: 4.10% (5th lowest)
GDP (current dollars), 2022: $140.0 billion — 15th lowest
Annualized real GDP growth rate, 2017-2022: 0.7% — 11th lowest
Median home value, 2022: $162,500 — 2nd lowest

46. Maine

Projected pop. change, 2020-2040: -0.94% (-12,621 people)
2040 projected population: 1,326,159 (10th lowest of 50 states and DC)
Population growth, 2000-2020: 6.86% (12th lowest)
GDP (current dollars), 2022: $85.8 billion — 8th lowest
Annualized real GDP growth rate, 2017-2022: 2.8% — 10th highest
Median home value, 2022: $290,600 — 25th lowest

45. Rhode Island

Projected pop. change, 2020-2040: -0.66% (-7,016 people)
2040 projected population: 1,055,318 (5th lowest of 50 states and DC)
Population growth, 2000-2020: 4.68% (7th lowest)
GDP (current dollars), 2022: $72.8 billion — 7th lowest
Annualized real GDP growth rate, 2017-2022: 1.1% — 17th lowest
Median home value, 2022: $383,900 — 16th highest

44. Michigan

Projected pop. change, 2020-2040: -0.32% (-32,200 people)
2040 projected population: 9,960,115 (10th highest of 50 states and DC)
Population growth, 2000-2020: 1.40% (2nd lowest)
GDP (current dollars), 2022: $622.6 billion — 14th highest
Annualized real GDP growth rate, 2017-2022: 1.3% — 22nd lowest
Median home value, 2022: $224,400 — 13th lowest

43. Pennsylvania

Projected pop. change, 2020-2040: -0.28% (-35,735 people)
2040 projected population: 12,809,150 (6th highest of 50 states and DC)
Population growth, 2000-2020: 5.88% (9th lowest)
GDP (current dollars), 2022: $911.8 billion — 6th highest
Annualized real GDP growth rate, 2017-2022: 0.5% — 9th lowest
Median home value, 2022: $245,500 — 18th lowest

42. Ohio

Projected pop. change, 2020-2040: 0.40% (46,278 people)
2040 projected population: 11,751,540 (9th highest of 50 states and DC)
Population growth, 2000-2020: 3.93% (4th lowest)
GDP (current dollars), 2022: $826.0 billion — 7th highest
Annualized real GDP growth rate, 2017-2022: 1.1% — 16th lowest
Median home value, 2022: $204,100 — 8th lowest

41. New Mexico

Projected pop. change, 2020-2040: 1.34% (28,183 people)
2040 projected population: 2,127,318 (14th lowest of 50 states and DC)
Population growth, 2000-2020: 16.41% (25th highest)
GDP (current dollars), 2022: $125.5 billion — 14th lowest
Annualized real GDP growth rate, 2017-2022: 1.7% — 25th highest
Median home value, 2022: $243,100 — 16th lowest

40. Wisconsin

Projected pop. change, 2020-2040: 2.74% (159,960 people)
2040 projected population: 5,997,137 (23rd highest of 50 states and DC)
Population growth, 2000-2020: 9.88% (15th lowest)
GDP (current dollars), 2022: $396.2 billion — 22nd highest
Annualized real GDP growth rate, 2017-2022: 0.8% — 13th lowest
Median home value, 2022: $252,800 — 20th lowest

39. Alabama

Projected pop. change, 2020-2040: 2.96% (145,519 people)
2040 projected population: 5,056,796 (26th highest of 50 states and DC)
Population growth, 2000-2020: 12.98% (23rd lowest)
GDP (current dollars), 2022: $281.6 billion — 26th highest
Annualized real GDP growth rate, 2017-2022: 1.7% — 24th highest
Median home value, 2022: $200,900 — 7th lowest

38. New Hampshire

Projected pop. change, 2020-2040: 3.00% (40,534 people)
2040 projected population: 1,393,451 (11th lowest of 50 states and DC)
Population growth, 2000-2020: 11.47% (19th lowest)
GDP (current dollars), 2022: $105.0 billion — 12th lowest
Annualized real GDP growth rate, 2017-2022: 2.1% — 20th highest
Median home value, 2022: $384,700 — 15th highest

37. Missouri

Projected pop. change, 2020-2040: 3.22% (198,499 people)
2040 projected population: 6,359,970 (21st highest of 50 states and DC)
Population growth, 2000-2020: 10.00% (16th lowest)
GDP (current dollars), 2022: $396.9 billion — 21st highest
Annualized real GDP growth rate, 2017-2022: 1.6% — 25th lowest
Median home value, 2022: $221,200 — 12th lowest

36. Kansas

Projected pop. change, 2020-2040: 3.28% (96,440 people)
2040 projected population: 3,032,653 (18th lowest of 50 states and DC)
Population growth, 2000-2020: 9.28% (14th lowest)
GDP (current dollars), 2022: $209.3 billion — 19th lowest
Annualized real GDP growth rate, 2017-2022: 1.0% — 14th lowest
Median home value, 2022: $206,600 — 9th lowest

35. New Jersey

Projected pop. change, 2020-2040: 4.20% (381,938 people)
2040 projected population: 9,470,012 (13th highest of 50 states and DC)
Population growth, 2000-2020: 10.39% (17th lowest)
GDP (current dollars), 2022: $754.9 billion — 9th highest
Annualized real GDP growth rate, 2017-2022: 1.9% — 23rd highest
Median home value, 2022: $428,900 — 11th highest

34. New York

Projected pop. change, 2020-2040: 4.21% (842,337 people)
2040 projected population: 20,873,488 (4th highest of 50 states and DC)
Population growth, 2000-2020: 6.45% (11th lowest)
GDP (current dollars), 2022: $2,048.4 billion — 3rd highest
Annualized real GDP growth rate, 2017-2022: 1.7% — 26th highest
Median home value, 2022: $400,400 — 13th highest

33. Kentucky

Projected pop. change, 2020-2040: 4.81% (216,228 people)
2040 projected population: 4,714,761 (25th lowest of 50 states and DC)
Population growth, 2000-2020: 11.48% (20th lowest)
GDP (current dollars), 2022: $259.0 billion — 24th lowest
Annualized real GDP growth rate, 2017-2022: 1.3% — 21st lowest
Median home value, 2022: $196,300 — 6th lowest

32. Wyoming

Projected pop. change, 2020-2040: 5.19% (30,407 people)
2040 projected population: 615,787 (2nd lowest of 50 states and DC)
Population growth, 2000-2020: 16.82% (22nd highest)
GDP (current dollars), 2022: $49.1 billion — 2nd lowest
Annualized real GDP growth rate, 2017-2022: -0.2% — 5th lowest
Median home value, 2022: $292,300 — 26th highest

31. Indiana

Projected pop. change, 2020-2040: 5.30% (357,419 people)
2040 projected population: 7,095,000 (18th highest of 50 states and DC)
Population growth, 2000-2020: 11.60% (21st lowest)
GDP (current dollars), 2022: $470.3 billion — 19th highest
Annualized real GDP growth rate, 2017-2022: 2.1% — 22nd highest
Median home value, 2022: $208,700 — 10th lowest

30. Arkansas

Projected pop. change, 2020-2040: 5.89% (179,043 people)
2040 projected population: 3,217,535 (19th lowest of 50 states and DC)
Population growth, 2000-2020: 12.65% (22nd lowest)
GDP (current dollars), 2022: $166.0 billion — 17th lowest
Annualized real GDP growth rate, 2017-2022: 2.1% — 21st highest
Median home value, 2022: $179,800 — 3rd lowest

29. Iowa

Projected pop. change, 2020-2040: 6.55% (208,543 people)
2040 projected population: 3,392,783 (20th lowest of 50 states and DC)
Population growth, 2000-2020: 9.02% (13th lowest)
GDP (current dollars), 2022: $238.3 billion — 22nd lowest
Annualized real GDP growth rate, 2017-2022: 1.1% — 15th lowest
Median home value, 2022: $194,600 — 5th lowest

28. Louisiana

Projected pop. change, 2020-2040: 6.74% (319,880 people)
2040 projected population: 5,062,780 (25th highest of 50 states and DC)
Population growth, 2000-2020: 4.22% (6th lowest)
GDP (current dollars), 2022: $292.0 billion — 25th lowest
Annualized real GDP growth rate, 2017-2022: -0.7% — 2nd lowest
Median home value, 2022: $209,200 — 11th lowest

27. Alaska

Projected pop. change, 2020-2040: 9.13% (68,626 people)
2040 projected population: 819,954 (3rd lowest of 50 states and DC)
Population growth, 2000-2020: 16.98% (21st highest)
GDP (current dollars), 2022: $65.7 billion — 3rd lowest
Annualized real GDP growth rate, 2017-2022: -1.2% — the lowest
Median home value, 2022: $336,900 — 22nd highest

26. Massachusetts

Projected pop. change, 2020-2040: 10.89% (760,536 people)
2040 projected population: 7,742,628 (16th highest of 50 states and DC)
Population growth, 2000-2020: 10.72% (18th lowest)
GDP (current dollars), 2022: $691.5 billion — 12th highest
Annualized real GDP growth rate, 2017-2022: 2.7% — 12th highest
Median home value, 2022: $534,700 — 5th highest

25. Oklahoma

Projected pop. change, 2020-2040: 10.94% (437,857 people)
2040 projected population: 4,439,038 (24th lowest of 50 states and DC)
Population growth, 2000-2020: 14.74% (25th lowest)
GDP (current dollars), 2022: $242.7 billion — 21st lowest
Annualized real GDP growth rate, 2017-2022: -0.1% — 6th lowest
Median home value, 2022: $191,700 — 4th lowest

24. Maryland

Projected pop. change, 2020-2040: 11.06% (681,556 people)
2040 projected population: 6,842,902 (19th highest of 50 states and DC)
Population growth, 2000-2020: 16.63% (24th highest)
GDP (current dollars), 2022: $480.1 billion — 16th highest
Annualized real GDP growth rate, 2017-2022: 0.6% — 10th lowest
Median home value, 2022: $398,100 — 14th highest

23. Hawaii

Projected pop. change, 2020-2040: 11.40% (165,801 people)
2040 projected population: 1,619,703 (12th lowest of 50 states and DC)
Population growth, 2000-2020: 20.12% (19th highest)
GDP (current dollars), 2022: $101.1 billion — 11th lowest
Annualized real GDP growth rate, 2017-2022: -0.5% — 4th lowest
Median home value, 2022: $820,100 — the highest

22. Nebraska

Projected pop. change, 2020-2040: 11.96% (234,042 people)
2040 projected population: 2,190,918 (15th lowest of 50 states and DC)
Population growth, 2000-2020: 14.62% (24th lowest)
GDP (current dollars), 2022: $164.9 billion — 16th lowest
Annualized real GDP growth rate, 2017-2022: 2.2% — 19th highest
Median home value, 2022: $232,400 — 14th lowest

21. Minnesota

Projected pop. change, 2020-2040: 11.99% (681,221 people)
2040 projected population: 6,364,886 (20th highest of 50 states and DC)
Population growth, 2000-2020: 16.00% (26th highest)
GDP (current dollars), 2022: $448.0 billion — 20th highest
Annualized real GDP growth rate, 2017-2022: 1.3% — 20th lowest
Median home value, 2022: $314,600 — 23rd highest

20. Tennessee

Projected pop. change, 2020-2040: 14.02% (961,807 people)
2040 projected population: 7,823,662 (15th highest of 50 states and DC)
Population growth, 2000-2020: 21.47% (15th highest)
GDP (current dollars), 2022: $485.7 billion — 17th highest
Annualized real GDP growth rate, 2017-2022: 3.0% — 7th highest
Median home value, 2022: $284,800 — 24th lowest

19. Virginia

Projected pop. change, 2020-2040: 14.12% (1,221,707 people)
2040 projected population: 9,876,728 (11th highest of 50 states and DC)
Population growth, 2000-2020: 21.94% (14th highest)
GDP (current dollars), 2022: $663.1 billion — 13th highest
Annualized real GDP growth rate, 2017-2022: 2.3% — 15th highest
Median home value, 2022: $365,700 — 18th highest

18. California

Projected pop. change, 2020-2040: 14.91% (6,028,362 people)
2040 projected population: 46,467,001 (the highest of 50 states and DC)
Population growth, 2000-2020: 16.73% (23rd highest)
GDP (current dollars), 2022: $3,641.6 billion — the highest
Annualized real GDP growth rate, 2017-2022: 2.9% — 8th highest
Median home value, 2022: $715,900 — 2nd highest

17. Montana

Projected pop. change, 2020-2040: 15.04% (161,669 people)
2040 projected population: 1,236,304 (9th lowest of 50 states and DC)
Population growth, 2000-2020: 20.18% (18th highest)
GDP (current dollars), 2022: $67.1 billion — 4th lowest
Annualized real GDP growth rate, 2017-2022: 2.2% — 18th highest
Median home value, 2022: $366,400 — 17th highest

16. South Dakota

Projected pop. change, 2020-2040: 16.97% (151,344 people)
2040 projected population: 1,043,032 (4th lowest of 50 states and DC)
Population growth, 2000-2020: 17.46% (20th highest)
GDP (current dollars), 2022: $68.8 billion — 6th lowest
Annualized real GDP growth rate, 2017-2022: 1.3% — 19th lowest
Median home value, 2022: $245,000 — 17th lowest

15. Delaware

Projected pop. change, 2020-2040: 17.92% (176,951 people)
2040 projected population: 1,164,344 (8th lowest of 50 states and DC)
Population growth, 2000-2020: 26.33% (12th highest)
GDP (current dollars), 2022: $90.2 billion — 9th lowest
Annualized real GDP growth rate, 2017-2022: 1.6% — 24th lowest
Median home value, 2022: $337,200 — 21st highest

14. Georgia

Projected pop. change, 2020-2040: 19.53% (2,094,920 people)
2040 projected population: 12,820,271 (5th highest of 50 states and DC)
Population growth, 2000-2020: 30.85% (8th highest)
GDP (current dollars), 2022: $767.4 billion — 8th highest
Annualized real GDP growth rate, 2017-2022: 2.4% — 14th highest
Median home value, 2022: $297,400 — 25th highest

13. North Carolina

Projected pop. change, 2020-2040: 19.79% (2,090,894 people)
2040 projected population: 12,658,927 (7th highest of 50 states and DC)
Population growth, 2000-2020: 29.69% (10th highest)
GDP (current dollars), 2022: $716.0 billion — 11th highest
Annualized real GDP growth rate, 2017-2022: 2.2% — 17th highest
Median home value, 2022: $280,600 — 23rd lowest

12. Oregon

Projected pop. change, 2020-2040: 21.01% (896,507 people)
2040 projected population: 5,164,041 (24th highest of 50 states and DC)
Population growth, 2000-2020: 23.85% (13th highest)
GDP (current dollars), 2022: $297.3 billion — 24th highest
Annualized real GDP growth rate, 2017-2022: 2.5% — 13th highest
Median home value, 2022: $475,600 — 8th highest

11. South Carolina

Projected pop. change, 2020-2040: 22.53% (1,167,938 people)
2040 projected population: 6,352,502 (22nd highest of 50 states and DC)
Population growth, 2000-2020: 27.58% (11th highest)
GDP (current dollars), 2022: $297.5 billion — 25th highest
Annualized real GDP growth rate, 2017-2022: 2.2% — 16th highest
Median home value, 2022: $254,600 — 21st lowest

10. Idaho

Projected pop. change, 2020-2040: 25.35% (450,592 people)
2040 projected population: 2,227,842 (16th lowest of 50 states and DC)
Population growth, 2000-2020: 42.13% (3rd highest)
GDP (current dollars), 2022: $110.9 billion — 13th lowest
Annualized real GDP growth rate, 2017-2022: 4.7% — the highest
Median home value, 2022: $432,500 — 10th highest

9. Arizona

Projected pop. change, 2020-2040: 26.11% (1,897,585 people)
2040 projected population: 9,166,279 (14th highest of 50 states and DC)
Population growth, 2000-2020: 39.39% (5th highest)
GDP (current dollars), 2022: $475.7 billion — 18th highest
Annualized real GDP growth rate, 2017-2022: 3.9% — 4th highest
Median home value, 2022: $402,800 — 12th highest

8. Washington

Projected pop. change, 2020-2040: 27.26% (2,094,307 people)
2040 projected population: 9,776,126 (12th highest of 50 states and DC)
Population growth, 2000-2020: 30.73% (9th highest)
GDP (current dollars), 2022: $738.1 billion — 10th highest
Annualized real GDP growth rate, 2017-2022: 4.0% — 3rd highest
Median home value, 2022: $569,500 — 4th highest

7. Nevada

Projected pop. change, 2020-2040: 30.11% (939,106 people)
2040 projected population: 4,058,371 (22nd lowest of 50 states and DC)
Population growth, 2000-2020: 55.37% (the highest)
GDP (current dollars), 2022: $222.9 billion — 20th lowest
Annualized real GDP growth rate, 2017-2022: 2.8% — 11th highest
Median home value, 2022: $434,700 — 9th highest

6. Colorado

Projected pop. change, 2020-2040: 31.65% (1,849,548 people)
2040 projected population: 7,692,907 (17th highest of 50 states and DC)
Population growth, 2000-2020: 34.23% (7th highest)
GDP (current dollars), 2022: $491.3 billion — 15th highest
Annualized real GDP growth rate, 2017-2022: 3.5% — 6th highest
Median home value, 2022: $531,100 — 6th highest

5. Florida

Projected pop. change, 2020-2040: 32.04% (7,009,727 people)
2040 projected population: 28,886,983 (3rd highest of 50 states and DC)
Population growth, 2000-2020: 34.76% (6th highest)
GDP (current dollars), 2022: $1,439.1 billion — 4th highest
Annualized real GDP growth rate, 2017-2022: 3.7% — 5th highest
Median home value, 2022: $354,100 — 19th highest

4. Utah

Projected pop. change, 2020-2040: 34.06% (1,103,770 people)
2040 projected population: 4,344,339 (23rd lowest of 50 states and DC)
Population growth, 2000-2020: 46.50% (2nd highest)
GDP (current dollars), 2022: $256.4 billion — 23rd lowest
Annualized real GDP growth rate, 2017-2022: 4.4% — 2nd highest
Median home value, 2022: $499,500 — 7th highest

3. North Dakota

Projected pop. change, 2020-2040: 34.34% (271,055 people)
2040 projected population: 1,060,457 (7th lowest of 50 states and DC)
Population growth, 2000-2020: 21.32% (16th highest)
GDP (current dollars), 2022: $72.7 billion — 5th lowest
Annualized real GDP growth rate, 2017-2022: -0.6% — 3rd lowest
Median home value, 2022: $243,100 — 16th lowest

2. Texas

Projected pop. change, 2020-2040: 35.17% (10,411,813 people)
2040 projected population: 40,015,913 (2nd highest of 50 states and DC)
Population growth, 2000-2020: 39.77% (4th highest)
GDP (current dollars), 2022: $2,402.1 billion — 2nd highest
Annualized real GDP growth rate, 2017-2022: 2.9% — 9th highest
Median home value, 2022: $275,400 — 22nd lowest

1. District of Columbia

Projected pop. change, 2020-2040: 44.54% (326,268 people)
2040 projected population: 1,058,820 (6th lowest of 50 states and DC)
Population growth, 2000-2020: 20.54% (17th highest)
GDP (current dollars), 2022: $165.1 billion — 18th lowest
Annualized real GDP growth rate, 2017-2022: 1.4% — 23rd lowest
Median home value, 2022: $711,100 — 3rd highest

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