MINNEAPOLIS — A new report from the Metropolitan Council shows that population growth in the Twin Cities is slowing down in the 2020s compared to the previous decade.
Between 2020 and 2023, the metro region’s population grew by 1.9% by adding more than 59,000 people for a total of more than 3.2 million people in the Twin Cities metro.
In the 2010s, the average annual population growth was more than 30,000, the Met Council says. So far, the region has added an estimated average of less than 20,000 people per year.
Meanwhile, construction is still booming in the area. Between 2020 and 2023, 62,500 housing units were added. However, only 48,500 new households were formed, causing occupancy rates to fall slightly from 95.7% in 2020 to 94.9% in 2023.
