Jackson ranked second among the Top 10 cities with the greatest declines in population over five years between 2017 and 2022, according to a SmartAsset study.
The study examined 344 U.S. cities that had a population of 100,000 or higher in 2022 based on a U.S. Census Bureau’s 1-Year American Community Survey.
The report found that Jackson’s population experienced a decline of 12.69% in its populace from 167,250 in 2017 to 146,019 in 2022.
SmartAsset said changes in population may be due to births, deaths or migrations.
“When a city’s population declines it can impact the housing market, small businesses, employment and other areas of the local economy,” the report states. “Paying attention to demographic changes can help residents, governments and businesses understand new trends and inform how to best position themselves.”
The population of men and women, including all ages, was also examined.
With 146,019 residents in 2022, women in the city made up the majority at 53.46%.
Below are financial tips provided by SmartAssest:
- Invest early. At the onset of your career, it’s important to dedicate some of your earnings to building up savings for retirement. By planning and saving early you can take advantage of compound interest. Take a look at SmartAsset’s investment calculator to see how your investment can grow over time.
- Buy or rent? If you’re moving to a new city and plan to stay for the long haul, buying may be the better option for you. On the other hand, if your stay will be a short one, you’ll likely want to rent. SmartAsset’s rent vs. buy calculator will help you compare the costs.
- Consider a financial advisor. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.