5 Fastest-Growing Cities in the US
During the coronavirus pandemic, many are leaving the historically fastest-growing cities like New York City and San Francisco and looking to shack up elsewhere. Rapid economic growth plays a key part in what makes up-and-coming cities attractive to movers.
We ran the figures compiled by various organizations from the past few years to figure out which cities have become the most in-demand places for anyone looking to relocate. These are the cities everyone is trying to live in right now.
The Fastest Growing Cities in America
Here are the 5 fastest-growing cities in the US based on data from 2021. We will look at the economies of these cities as well as the quality of life and employment levels in each. We will explore some potential causes of the increasing population and economic sprawl. Our data comes from several credible sources and will form the basis of a short report on the growth and prosperity in these cities. Our hope is that this will encourage you to take a more active role in your own health and well-being and in the economic future of the country.
#1: Fort Myers, Florida
Located near the southern end of Florida’s Gulf Coast, Fort Myers is attracting new residents in huge numbers. It was ranked as the fastest-growing city in America in a detailed study done by WalletHub that broke down trends including population and economic growth from 2010-2019. Since it has fewer than 100,000 residents, Fort Myers is classified as a “small” city but its population jumped nearly 32% in the past decade, according to The Delite, going from about 62,000 to about 82,000 residents in that time.
#2: Provo, Utah
Provo, UT is the third-largest city in Utah and is rapidly entering the top twenty list of “most livable cities.” It has a high quality of life and an extremely high employment rate. The rapid economic growth has contributed to its reputation as a top-rated city to live in. In addition, Provo has built an excellent transit system with the purchase of Smart Cars and is well on the way to developing its recreational opportunities for residents.
#3: Houston,Texas
As the fourth largest city in Texas, Houston has seen a marked increase in the number of people moving into the area and many more people coming to stay. It is quickly becoming a boom town with an amazing variety of career options and a lot of places to eat, shop, and participate in various activities. It is the fastest-growing city in Texas according to the US Bureau of Labor Statistics and has a high employment rate and a low cost of living.
#4: Austin,Texas
Austin is fast becoming one of the fastest-growing cities in the United States. It is home to the “Texas Christian University,” which is one of the largest faith-based universities in the country. It is also home to thousands of professionals such as doctors, teachers, and many other businesses that have contributed to the success of Austin as a thriving metropolis. Its proximity to major thoroughfares and state parks makes it a great place to live. Its proximity to downtown Austin and the laid-back atmosphere make it ideal for families with children.
#5: Dallas, Texas
As the third-largest city in Texas, Dallas is the ultimate example of how rapid economic growth can impact cities. It is a booming city with a wide range of employment opportunities. It is quickly becoming one of the fastest-growing cities in the US and is home to the George W. Bush Presidential Library, one of the most historic libraries in America. The rapid growth of Dallas is a direct result of its success in economic development and has contributed to the city’s booming economic system.
These are only five of the cities that rank among the top ten in terms of their ability to attract people, especially those looking for good jobs. The US is experiencing an economic boom and cities like Phoenix, Las Vegas, and Austin is playing key roles in the growth of this economy. This has contributed to the growing divide between urban and rural areas. People who live in cities have a starkly different quality of life than people who live in rural areas. Cities like Phoenix are working hard to attract the business and labor necessary to grow the economy and stimulate the job market.
If you would like to learn more on how to invest in the US, then contact Enclave Capital today or call us at 347-380-9220.