The Hidden Costs of Living in Shrinking Cities

Living in a city experiencing a population decline comes with a unique set of challenges that can significantly impact residents’ quality of life and financial stability . According to Michael Broadway, published to Rural Insights recently in 2024, noted, “The decade between 2010 and 2020 was the slowest period of US population growth since the Great Depression of the 1930s. The primary cause: a falling birth rate.” While some might find lower housing prices and less congestion appealing, the hidden costs of living in shrinking cities often outweigh these perceived benefits. Here are some of the critical issues residents face in these declining urban areas, supported by data from recent studies and reports.

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