Phoenix’s Population has Grown by Nearly 200K Since 2020 Article originally posted on HERE on March 15, 2024 Phoenix added 195,000 people between 2020 and 2023, according to new estimates from the Census Bureau released Thursday. The big picture: The influx of newcomers represented a 4% population increase. That’s compared with a 1% increase nationwide. Why it matters: The Valley’s population growth is, in part, a testament to expanding job opportunities. Yes, but: Metro Phoenix now has an extreme housing shortage that’s driven up house and apartment costs and priced out working class families. How it works: The new data comes from the Census Bureau’s annual Population Estimates Program, which estimates the population between censuses.