Wednesday, August 30, 2017

Oregon Population Forecasts

Oregon’s population is projected to grow from today’s level of just over 4 million to about 6.2 million in 2065. In absolute terms, the “prime working age” (those 25 to 64 years old) group has the largest population and will continue this trend into the future. The more interesting trend comes when looking at the “senior” age group (those 65 and older) and the “youth” age group (those younger than 25). Although the youth population is forecasted to remain larger than the senior population, by 2065 the total number of Oregonians 65 years old and older is expected to almost equal the total number younger than 25 years old.
From 2020 to 2040 the senior population in all workforce areas is forecasted to grow at a much faster rate than either of the other two age groups. Eastern Oregon is expected to have the slowest senior population growth at 23.2 percent, while the Portland-Metro area senior population is expected to grow the fastest at 58.4 percent from 2020 to 2040.

In most of the workforce areas, the youth population is expected to grow the slowest of the three age categories. The slowest expected youth population growth rate is shown in the Rogue Valley area (1.3%), while the fastest youth population growth is expected in Clackamas (24.5%). Clackamas and Eastern Oregon are the only workforce areas where the younger than 25 age category is expected to grow faster than the prime working age group.

Learn more about population forecasts for workforce areas, read the full article "Oregon Population Forecasts" written by Economist Anna Johnson

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