2017’s Fastest-Growing Cities In America
Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity. Patterns emerge within those cities, allowing us to identify the contributing factors that perpetuate a lasting cycle of growth.
But the quick path toward success is not as cut and dried for every city. To determine where the fastest local economic growth has occurred in the U.S., WalletHub’s analysts compared 515 cities of varying population sizes based on 15 key measures of both growth and decline over a period of seven years. The data set ranges from population growth to unemployment rate decrease to growth in regional GDP per capita. Read on for their findings, expert insight from a panel of researchers and a full description of their methodology.
To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/fastest-growing-cities/7010/
With economic growth expected to slow in the short term after a devastating hurricane season, the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Fastest-Growing Cities in America.
| Fastest-Growing Cities in America | Slowest-Growing Cities in America | ||||
| 1 | Frisco, TX | 506 | Waterbury, CT | ||
| 2 | Kent, WA | 507 | Racine, WI | ||
| 3 | Lehigh Acres, FL | 508 | Fort Smith, AK | ||
| 4 | Meridian, ID | 509 | Davenport, IA | ||
| 5 | Midland, TX | 510 | Baton Rouge, LA | ||
| 6 | McKinney, TX | 511 | Montgomery, AL | ||
| 7 | Fort Myers, FL | 512 | Decatur, IL | ||
| 8 | Bend, OR | 513 | Fayetteville, NC | ||
| 9 | Austin, TX | 514 | Jacksonville, NC | ||
| 10 | Pleasanton, CA | 515 | Shreveport, LA | ||
Key Stats
- Kent, Washington, experienced the highest population growth, at 5.96 percent. Conversely, Gary, Indiana experienced the highest population decrease, at 1.30 percent.
- San Marcos, California, experienced the highest household income increase, at 9.81 percent. Conversely, Trenton, New Jersey, experienced the highest household income decrease, at 2.35 percent.
- Frisco, Texas, experienced the highest job growth, at 5.83 percent. Conversely, Shreveport, Louisiana, experienced the highest jobs decrease, at 1.16 percent.
- Fort Myers, Florida, experienced the highest decrease in poverty rate, at 2.92 percent. Conversely, Shreveport, Louisiana, experienced the highest increase in poverty rate, at 1.55 percent.
- Midland, Texas, experienced the highest growth in real GDP per capita, at 7.68 percent. Conversely, Lafayette, Louisiana, experienced the highest decrease in real GDP per capita, at 4.52 percent.
To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/fastest-growing-cities/7010/
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