Pulse360 | TAMPA2020 | Page 6

// DEMOGRAPHIC PROFILE • The Tampa Bay area has seen population numbers increase since being relatively stagnant during the recession. Since 2010, the metro area added 192,000 new residents – nearly a 7.0 percent increase. The majority of this gain was the result of net in-migration from other states due to the return of employment opportunities and Tampa Bay’s attractive qualities. // POPULATION PROJECTIONS 2030 3.5 million 2025 3.4 million 2020 3.2 million • Further, 19.0 percent of growth between 2010 and 2016 3.0 million 2015 was driven by Millennials in Hillsborough County. Overall, this age cohort comprises 19.0 percent of the metro’s population, but comprises 29.0 percent of Hillsborough County’s population. 2010 2.8 million • Going forward, Tampa Bay’s population is expected to grow 1.2 percent annually through 2030 – the vast majority (63.4 percent) of which will occur in Hillsborough County, followed by Pasco County. // NET POPULATION GAINS THROUGH MIGRATION (2010-2015) • Additionally, over the short term, downtown Tampa is expected to outpace the region as a whole. Aided by the nearly 1,424 residential units in the pipeline downtown, population growth in Tampa’s core is expected to increase 12.6 percent by 2020, or 2.5 percent annually. • Between 2010 and 2015, more than 176,700 people migrated to Tampa Bay, the vast majority of which came through domestic migration; however, with nearly 60,000 international migrants to Tampa Bay, the region ranked ahead of large metro areas such as Phoenix. Combined with Orlando, Central Florida welcomed nearly 420,000 new residents through migration. 2016 TAMPA PULSE // 6