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Population density is the number of people per square kilometre of land. Place Forecast computes it as population divided by land area.
Density is a fair way to compare places of different size. A small town and a big city can have the same density but very different populations.
Estimated figures come from the Estimated Resident Population. Future density is projected using the cohort-component method. Only the population changes over time. The land area stays fixed within an ASGS edition.
A few things matter when you read density:
The comparison page opens on a Dorling cartogram by default. A plain map can mislead for density. Large areas draw the eye. A cartogram sizes each area by value, not by land area, so the eye reads the rate, not the shape. You can switch to a Demers cartogram or a plain choropleth map from the toolbox.