U.S. Census data insights: The impacts of Fort Worth’s growth

U.S. Census data insights: The impacts of Fort Worth's growth

Published on September 14, 2024

On Sept. 12, the U.S. Census Bureau released its 2023 American Community Survey (ACS) one-year estimates. The ACS is a critical tool that collects detailed data about the U.S. population and housing, covering over 40 key social, economic, housing and demographic topics. The survey gathers information from 3.5 million U.S. addresses annually, offering essential insights for policymakers, businesses and researchers.

The 2023 ACS data provides a snapshot of the nation, states and communities with populations of 65,000 or more. It includes data on employment, income, housing costs, education and health insurance coverage, among other metrics. The release aids in guiding the allocation of trillions of dollars in federal funds each year, ensuring communities receive appropriate resources based on accurate demographic trends.

Key updates for 2023 include modifications to geographic boundaries and enhancements to data tables, ensuring that the ACS remains relevant in reflecting the country's evolving social and economic landscape. For instance, post-2020 Census updates and changes in how geographic areas are reported enhance the precision of regional data. This release is a cornerstone for understanding changes in the U.S. population and supports evidence-based decision-making at all levels of government.

What does this mean for Fort Worth?

The release of the 2023 ACS estimates has significant implications for Fort Worth, as the City is among the large urban areas covered in the survey. The data specific to Fort Worth provides insights into various aspects of the City's population, economy and housing conditions. Key areas where the ACS data will impact Fort Worth include:

• Population trends: As one of the fastest-growing cities in the U.S., the City can utilize the ACS data to track demographic changes, such as shifts in age, race and household composition. This information is crucial for city planning and infrastructure development.
• Economic and employment data: The survey offers a detailed look at employment trends, income levels and industry sectors within Fort Worth. This is valuable for local businesses, city officials and economic development agencies in strategizing growth and attracting new investments.
• Housing data: With rapid growth comes pressure on housing availability and affordability. The ACS provides data on housing costs, such as mortgage payments, rent and utility costs, helping City leaders address affordability challenges and guide housing policies.
• Education and health: The data also includes metrics on educational attainment and health insurance coverage, both of which are vital for understanding the quality of life in Fort Worth and for making informed decisions on education funding and healthcare services.

What's next?

By examining the 2023 ACS data, the City will have the tools to assess the current needs and future priorities for Fort Worth residents, ensuring that resources are allocated effectively and the City continues to thrive in a sustainable manner.

See the report for yourself.

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• Business & Economy