Quote:
Originally Posted by Dale
Any projections on when the city might hit one-million at current pace ?
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The Examiner story linked above is using projections from the Plan Bay Area report, which projects a population of 1.085 million in 2040 (
source).
Separately, the CA Department of Finance projects only 891,607 by 2040 and 926,555 by 2060 (
source). Note that in 2013 we already surpassed their 2015 projection, and by 2015 we're probably going to surpass their 2020 projection.
San Francisco has been growing by about 10,000 per year from 2010 to 2013 (from 805,235 to 837,442). If SF keeps that pace indefinitely, it'll hit one million by 2030. Using the longer time frame of 1990 to 2013, the city grew by about 4,900 per year (from 723,959 to 837,442). At that pace, it'll take until 2046 to reach one million.
The city is booming right now and practically bursting at the seams. I don't think anyone expects the boom to continue uninterrupted for the next 16 years. I'm not sure we can physically handle 10,000 new residents per year for the next two decades, especially considering how long it takes to get new housing entitled and permitted.
So, the Plan Bay Area projection seems too optimistic, but the CA DoF projection seems way too low on the other hand. Hitting a million around 2040 seems more realistic, but that's just my personal guess.