See which is #1 - Americans are flocking to these 15 cities where business is booming and salaries are rising - Hoey Team ☘ eXp Realty

Dated: May 11 2019

Views: 102

Though wages remain stagnant for many American workers, there are several cities around the U.S. where incomes are on the rise.

GOBankingRates analyzed 347 American cities with populations of 500,000 or under, looking for places experiencing a combination of economic prosperity, population growth and rising incomes. To rank the top “boomtowns,” or cities that meet these criteria, the site looked at five-year data on population, housing, GDP and per capita income from the U.S. Census Bureau’s 2017 American Community and the Bureau of Economic Analysis.

These locations are good alternatives for people who want to avoid notoriously expensive cities, such as New York or San Francisco, because they “offer incentives, such as a more affordable cost-of-living or a higher paycheck — or both,” GOBankingRates reports.

Below, check out 15 U.S. growing cities where the economy is booming and salaries are on the rise.

15. Santa Cruz, California

Personal income growth, 2012 to 2017: 20.5%

Population growth, 2012 to 2017: 6.1%

GDP increase, 2012 to 2017: 23.3%

14. Durham, North Carolina

Personal income growth, 2012 to 2017: 15.8%

Population growth, 2012 to 2017: 11.9%

GDP increase, 2012 to 2017: 14.8%

13. Charlottesville, Virginia

Personal income growth, 2012 to 2017: 17.9%

Population growth, 2012 to 2017: 7.6%

GDP increase, 2012 to 2017: 22.4%

12. Miami, Florida

Personal income growth, 2012 to 2017: 17.7%

Population growth, 2012 to 2017: 10.2%

GDP increase, 2012 to 2017: 29.4%

11. San Luis Obispo, California

Personal income growth, 2012 to 2017: 23.9%

Population growth, 2012 to 2017: 3.7%

GDP increase, 2012 to 2017: 26.2%

10. Sioux Falls, South Dakota

Personal income growth, 2012 to 2017: 13.2%

Population growth, 2012 to 2017: 10.3%

GDP increase, 2012 to 2017: 23.5%

9. Bismarck, North Dakota

Personal income growth, 2012 to 2017: 8.1%

Population growth, 2012 to 2017: 13.9%

GDP increase, 2012 to 2017: 23.7%

8. Raleigh, North Carolina

Personal income growth, 2012 to 2017: 15%

Population growth, 2012 to 2017: 11%

GDP increase, 2012 to 2017: 33%

7. Fayetteville, Arkansas

Personal income growth, 2012 to 2017: 23.4%

Population growth, 2012 to 2017: 10.4%

GDP increase, 2012 to 2017: 37.6%

6. Reno, Nevada

Personal income growth, 2012 to 2017: 26.5%

Population growth, 2012 to 2017: 5.9%

GDP increase, 2012 to 2017: 36.7%

5. Santa Rosa, California

Personal income growth, 2012 to 2017: 28.6%

Population growth, 2012 to 2017: 4.2%

GDP increase, 2012 to 2017: 33.8%

4. Boulder, Colorado

Personal income growth, 2012 to 2017: 24.3%

Population growth, 2012 to 2017: 7.2%

GDP increase, 2012 to 2017: 22.3%

3. Sebastian, Florida

Personal income growth, 2012 to 2017: 20.9%

Population growth, 2012 to 2017: 9.3%

GDP increase, 2012 to 2017: 23.5%

2. Santa Fe, New Mexico

Personal income growth, 2012 to 2017: 17.2%

Population growth, 2012 to 2017: 21.5%

GDP increase, 2012 to 2017: 9.5%

1. Naples, Florida

Personal income growth, 2012 to 2017: 22.8%

Population growth, 2012 to 2017: 6.8%

GDP increase, 2012 to 2017: 34%

Like this story?  Check out our other Blogs - Barry & Kim with the Hoey Team ☘ Brokered by eXp Realty

Article From CNBC

Blog author image

Barry & Kim, Hoey Team ☘ exp

"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

Latest Blog Posts

🚨 Where Termites Tend to Be the Worst ☘ Hoey Team ☘ exp Realty 🌴 Southwest Florida 🍀

April 9, 2021  Watch out in Miami, Los Angeles, and Tampa, Fla.: These places can be hotbeds for termites, according to Orkin’s 2021 Top 50 Termite Cities List.Orkin, a national pest

Read More

🏘 Homeowners Turn to Smart-home Tech in Pandemic ☘ Hoey Team ☘ exp Realty 🌴 Southwest Florida 🍀

March 30, 2021  One in four Americans purchased a smart-home device in 2020, according to a new survey from SafeWise, a firm that offers safety solutions and resources for the home. The

Read More

📢 Florida Realtors Will Oppose Bill to Dilute Housing Trust Funds ☘ Hoey Team ☘ exp Realty 🌴 Southwest Florida 🍀

Fla.’s House speaker and Senate president proposed a permanent two-thirds decrease in the state’s affordable housing trust funds. Florida Realtors immediately objected.TALLAHASSEE, Fla.

Read More

📣 Small-business Loan ‘Lifeline’ Extended ☘ Hoey Team ☘ exp Realty 🌴 Southwest Florida 🍀

If your business continues to feel the effects of the pandemic, you now have an additional two months to apply for a loan through the Small Business Administration’s Paycheck Protection.

Read More