Population Losses in Bay Area Slow and Show Signs of Reversal

But the newest population estimates for July 1, 2023, released this week by the U.S. Census Bureau, show the losses were the smallest the region has seen since the pandemic marked the beginning of a dramatic exodus that is now slowing and showing signs of reversing. Of the core Bay Area counties, San Francisco was the only one that saw an increase in population in 2023 after having the most dramatic drop early in the pandemic.

Russell Hancock, president of Joint Venture Silicon Valley, has some theories about why the recent trend is reversing, especially in San Francisco. “We seem to be turning a corner on the work-from-home phenomenon,” Hancock said. And like others, he sees the explosion in buzz around AI technologies such as ChatGPT as a big magnet for San Francisco and Silicon Valley. “If you’re a person who is into big data, machine learning, massive computational processing, futuristic stuff, this is where you would want to be.” In the rest of the Bay Area, counties are still losing residents year over year. That puts them in the minority of counties in the countr

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