Four of the main takeaways from the newest demographic data.
Over the last decade, the Bay Area’s population grew older and more racially diverse — with White residents no longer the region’s largest racial group — while soaring housing costs meant fewer people could afford to own homes.
Even so, the data sheds new light on how the Bay Area is changing and what challenges it could face in the future. Here are four of the main takeaways:The region saw a 38% spike in the number of residents 65 or older, with those over the retirement age comprising 15% of the population in 2020, up from 12% in 2010, according to the data.
At the same time, the Bay Area saw a nearly 12% decrease in residents under 5 years old, reflecting declining birth rates that have caused drops in school enrollment and forced campus closures across the region.“Both of them speak to the need for more housing so we can attract people who can afford to live here,” Levy said.
The Bay Area’s Black population, meanwhile, declined from over 6% of the region’s total population to less than 5%. That was likely a consequence of Black residents being displaced from historically African American neighborhoods in cities such as Oakland and East Palo Alto as rents and home prices surged.
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