Economic growth can change a city quickly. An influx of new residents and expanding business activity creates visible momentum, even as rapid change brings new strains. In recent years, some American cities stand out for attracting people, investment, and development at a pace that sets them apart.
Boomtown Status
Boomtown status does not mean growth benefits everyone equally, but it does reflect a city’s expanding economic capacity and the new opportunities that come with it. SmartAsset analyzed more than 400 U.S. cities with populations of 65,000 or more to identify places experiencing rapid growth.
Each city received a composite score based on five-year changes in three factors: economic output, housing units, and labor force size. The 75 highest-scoring cities represent America’s new boomtowns, with cities like Georgetown, Texas, and Lehi, Utah, making the list.
The top 10 cities on the list include Georgetown, Texas; New Braunfels, Texas; Lehi, Utah; Leander, Texas; Lewisville, Texas; Palm Coast, Florida; Nampa, Idaho; McKinney, Texas; Conroe, Texas; and Frisco, Texas.
Original reporting: KTVZ (Central Oregon) — read the source article.
