CNB Business News: WalletHub Study 2015’s Cities with the Fastest Growing Economies
Wednesday, September 30, 2015
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/