Forecasting Lacombe’s Population

Lacombe’s Population in 2016 was 13,060.

What is a reasonable expectation of Lacombe’s population in the upcoming years, and how long will it take for Lacombe to have a population of 15,000.

Lacombe’s population growth has been in lock step with the Province of Alberta and the major cities of Red Deer, Edmonton and Calgary.  From 1991 to 2016 the last 25 years, Lacombe’s Population grew by 85%, while Calgary grew 72%, Red Deer grew 70%, Alberta grew 63% and Edmonton grew by 45%.

Lacombe Alberta
Year Population Yearly Growth Rate Population Yearly Growth Rate
2016 13,060 1.3% 4,097,000 1.6%
2014 12,730 2.9% 3,967,000 2.4%
2011 11,710 2.5% 3,700,000 2.7%
2001 9,380 3.3% 2,908,000 1.6%
1991 7,060 2.3% 2,510,000 1.5%
1981 5,720 7.7% 2,181,000 3.5%
1971 3,230 0.7% 1,619,000 2.4%
1961 3,030 1,344,000

 

  Red Deer Calgary Edmonton
Year Population Yearly Growth Rate Population Yearly Growth Rate Population Yearly Growth Rate
2016 99,800 0.6% 1,235,000 1.7% 899,000 1.2%
2014 98,600 2.4% 1,195,000 2.2% 878,000 2.5%
2011 91,900 3.0% 1,120,000 2.4% 818,000 2.3%
2001 70,600 2.0% 905,000 2.6% 666,000 0.8%
1991 58,700 2.1% 717,000 1.5% 618,000 1.2%
1981 48,600 7.6% 623,000 5.1% 551,000 2.2%
1971 27,600 3.1% 413,000 5.3% 451,000 5.3%
1961 21,100 269,000 295,000

 

Since 1991, the last 25 years Lacombe’s Population grew by 85%, or 2.5% compounded annually.

Using a 2.5% yearly growth rate, this is what Lacombe’s population would look like in the upcoming years.

YEAR POPULATION
2016 13,057
2017 13,383
2018 13,718
2019 14,061
2020 14,412
2021 14,773
2022 15,142
2023 15,521
2024 15,909
2025 16,306

 

If Lacombe’s Population averages a yearly growth rate of 2.5% then Lacombe’s Rounded Population would be:

2020 (3 Years Away):   14,500
2022 (5 Years Away):   15,000
2025 (8 Years Away):   16,000