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SUMMARY 5-YEAR FORECAST (2005 To 2040) : Montgomery County, Maryland

This document summarizes population, household, and job forecasts for Montgomery County, Maryland from 2005 to 2040. It predicts that the county's population will grow from 929,100 to 1,199,000, households will increase from 347,500 to 463,000, and jobs will rise from 500,000 to 723,000 over this time period. The number of jobs per household is also expected to grow substantially from 1.44 to 1.56. Population and job growth are expected to steadily increase through 2030 and then level off, while household growth will continue at a slower pace through 2040.

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23 views

SUMMARY 5-YEAR FORECAST (2005 To 2040) : Montgomery County, Maryland

This document summarizes population, household, and job forecasts for Montgomery County, Maryland from 2005 to 2040. It predicts that the county's population will grow from 929,100 to 1,199,000, households will increase from 347,500 to 463,000, and jobs will rise from 500,000 to 723,000 over this time period. The number of jobs per household is also expected to grow substantially from 1.44 to 1.56. Population and job growth are expected to steadily increase through 2030 and then level off, while household growth will continue at a slower pace through 2040.

Uploaded by

Planning Docs
Copyright
© Attribution Non-Commercial (BY-NC)
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Download as PDF, TXT or read online on Scribd
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SUMMARY 5-YEAR FORECAST (2005 to 2040)

Montgomery County, Maryland


population, households & jobs
YEAR

2005
2010
2015
2020
2025
2030
2035
2040

population

929,100
980,000
1,017,000
1,065,000
1,109,000
1,152,000
1,182,000
1,199,000

5-year change
50,900
5.5%
37,000
3.8%
48,000
4.7%
44,000
4.1%
43,000
3.9%
30,000
2.6%
17,000
1.4%

households

347,500
360,500
377,000
398,000
417,000
438,000
453,000
463,000

5-year change
13,000
3.7%
16,500
4.6%
21,000
5.6%
19,000
4.8%
21,000
5.0%
15,000
3.4%
10,000
2.2%

jobs

500,000
506,000
540,000
585,000
628,000
673,000
703,000
723,000

5-year change
6,000
1.2%
34,000
6.7%
45,000
8.3%
43,000
7.4%
45,000
7.2%
30,000
4.5%
20,000
2.8%

jobs/households ratio

1.44
1.40
1.43
1.47
1.51
1.54
1.55
1.56

NOTE: Forecasts are prepared as part of the Cooperative Forecasting Process of the Metropolitan Washington Council of Governments (www.mwcog.org). Forecasts
for areas within the Cities of Gaithersburg and Rockville are based on the forecasts prepared by each City under the Cooperative Forecasting Process
SOURCE: Center for Research & Information Systems, Montgomery County Planning Department, Round 8.0 Cooperative Forecast

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