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State demographer: Larimer County faces slower growth, aging population and housing pressures
Summary
Colorado State Demographer Neil Marquez told Larimer County commissioners that the county will likely continue to grow but at a slower pace, driven by an aging population, lower fertility linked to the university-age cohort, and recent shifts in migration composition; housing affordability may limit future rebounds.
Neil Marquez, a demographer with the Colorado State Demography Office, told Larimer County commissioners on Feb. 18 that the county is likely to see continued population growth but at a slower rate than in past decades as its population ages and fertility remains low.
Marquez said two forces largely determine population change: natural change (births minus deaths) and net migration. He noted that Colorado'wide, births are forecast to be overtaken by deaths by about 2047, and he warned that Larimer County is likely to reach that inflection point sooner because its fertility rate is depressed by a large university-age population.
Why it matters: an older population affects the tax base and service demand. Marquez said incomes and tax contributions typically peak in mid-career, and retirement-age cohorts contribute less in taxes…
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