Population Growth/Decline

Growing Market

With a 2 Year Compound Annual Growth Rate (CAGR) of 1.2% the Richmond-Charlottesville, VA Market is growing. It ranks 26th in 2 year population change across all STI Markets.

Components of Change

Natural growth

With 20,048 Births and 16,843 Deaths in the last year there was a net change of 3,205 population from natural causes. That equates to a natural growth of 0.17%.

Migratory growth

Net migration in the Richmond-Charlottesville, VA market in the last year was 24,258. This amounts to a migratory growth of 1.29%.

STI Markets Comparison

Components of Change for STI Markets

Figure 3: Components of Change for STI Markets