Continuing a long-running downward trend, Philadelphia lost more residents between 2000 and 2007 than any U.S. city except hurricane-ravaged New Orleans, newly released estimates from the U.S. Census Bureau show.
Population in the city decreased from 1,517,550 to 1,449,634 in the seven years, a loss of nearly 68,000 people, according to Greg Harper, a demographer for the bureau.
That drop of 4.5 percent represents the largest percentage loss in population of a top-25 U.S. city between 2000 and 2007, figures show.
Philadelphia’s population peaked at 2,071,605 in 1950, and has dwindled ever since. The city’s current population is the lowest since the start of the 20th century, when the number of residents increased from 1.3 million in 1900 to 1.6 million in 1920, figures show.” - courtesy of the Philadelphia Inquirer
You know what a Phillypreneur thinks during times like these? That’s right, CHEAP PROPERTY! Now is the time to grab up as much property as possible before this half century depopulation trend completely turns (with economic and environmental incentives driving people back into the city, it’s already starting!). Get a piece of the action now before it’s too late.
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