With the economy steadily rebounding since the Great Recession, the personal-finance website WalletHub conducted an in-depth analysis of 2016’s Fastest Growing Cities.
In order to identify the U.S. cities that grew the most rapidly between 2009 and 2015, WalletHub’s analysts compared 515 U.S. cities across 14 key metrics, ranging from “population growth rate” to “college-educated population growth” to “unemployment rate decrease.” In addition, we produced separate rankings for large, midsize and small cities.
|Fastest Growing Cities||Slowest Growing Cities|
|1||Frisco, TX||506||Waukegan, IL|
|2||League City, TX||507||Flint, MI|
|3||Lehigh Acres, FL||508||Cleveland, OH|
|4||Kent, WA||509||Cincinnati, OH|
|5||Surprise, AZ||510||Gary, IN|
|6||Meridian, ID||511||Atlanta, GA|
|7||Midland, TX||512||Toledo, OH|
|8||McKinney, TX||513||Toms River, NJ|
|9||Concord, NC||514||Detroit, MI|
|10||Bryan, TX||515||Jacksonville, NC|
Best vs. Worst
- Lehigh Acres, Fla., experienced the highest population growth, at 8.44 percent. Conversely, Detroit experienced the highest population decrease, at 4.47 percent.
- College Station, Texas, experienced the highest household income increase, at 9.07 percent. Conversely, Kenner, La., experienced the highest household income decrease, at 2.76 percent.
- Frisco, Texas, experienced the highest job growth, at 5.32 percent. Conversely, Decatur, Ill., experienced the highest jobs decrease, at 1.31 percent.
- McKinney, Texas, experienced the highest poverty rate decrease, at 9.63 percent. Conversely, Ellicott City, Md., experienced the highest poverty rate increase, at 87.61 percent.
- Midland, Texas, experienced the highest growth in GDP per capita, at 11.81 percent. Conversely, Yuma, Ariz., experienced the highest decrease in GDP per capita, at 2.79 percent.