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CNB Business News: WalletHub Study 2015’s Cities with the Fastest Growing Economies

With the economy steadily rebounding from the Great Recession, the personal finance website WalletHub conducted an in-depth analysis of 2015’s Cities with the Fastest Growing Economies.

In order to identify the American cities that have grown the most rapidly in socioeconomic terms, WalletHub compared 515 U.S. cities across 10 key metrics, ranging from population growth rate to unemployment rate decrease. In addition, we produced separate rankings for large, midsize and small cities.


 
  Fastest Growing Cities   Slowest Growing Cities
  1 Odessa, TX   506 Parma, OH
  2 Frisco, TX   507 Albany, GA
  3 Midland, TX   508 Skokie, IL
  4 Mission, TX   509 Deltona, FL
  5 College Station, TX   510 Decatur, IL
  6 Killeen, TX   511 Detroit, MI
  7 Kent, WA   512 Sunrise Manor, NV
  8 Bryan, TX   513 Westland, MI
  9 Austin, TX   514 Yuma, AZ
  10 Round Rock, TX   515 Carson, CA


Key Stats

  • Lehigh Acres, Fla., experienced the highest population growth at 9.7 percent. Gary, Ind., experienced the biggest population decrease at 2.5 percent.
     
  • McAllen, Texas, experienced the highest household income increase at 6.9 percent. Deltona, Fla., experienced the biggest household income decrease at 4.4 percent.
     
  • Midland, Texas, experienced the highest job growth at 7.0 percent. Jackson, Miss. experienced the biggest job decrease at 2.4 percent.
     
  • Asheville, N.C., experienced the biggest poverty rate decrease at 6.7 percent. Ellicott City, Md., had the highest poverty rate increase at 81.3 percent.
     
  • Midland, Texas, had the highest growth in GDP per capita at 13.3 percent. Gulfport, Miss. experienced the biggest decrease in GDP per capita at 2.9 percent.


For the full report and to see where your city ranks, please visit: 
https://wallethub.com/edu/fastest-growing-cities/7010/

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