Florida and Texas Cities Still Lead America’s Population, Economic Boom
Summary
Florida and Texas continue to lead the U.S. in population and economic growth, with many cities in these states showing strong development despite slowed migration after the pandemic. While growth rates have cooled, Florida and Texas still have the highest increases in overall population numbers and remain attractive due to no income tax and good job markets.Key Facts
- Nine Texas cities and four Florida cities are among the top 20 fastest-growing U.S. cities.
- Out of 75 boomtowns analyzed, 18 are in Texas and 19 in Florida.
- Florida saw a big drop in domestic migration from 310,892 in 2022 to 22,517 in 2025 but had the highest international migration at 178,674.
- Texas had the fourth highest population growth by percentage (1.2%) and gained 391,243 people.
- South Carolina saw the highest population growth percentage at 1.5%, followed by Idaho and North Carolina.
- Housing prices in some Florida and Texas cities dropped over 10% from 2022 peaks, with Austin down 27.8% and Punta Gorda down 25.4%.
- Florida’s GDP grew by 1.6% and Texas’ GDP grew by 0.9% in the latest reported quarters.
- The slowdown is linked to higher mortgage rates and more people returning to offices.
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