Map Shows Biggest Boomtowns Across US Are Mostly in the South
Summary
A new study by LendingTree shows that most of the fastest-growing local economies in the U.S. are in the South. Cities like Austin and Raleigh lead in population growth, job creation, and new businesses.Key Facts
- Eight of the 10 fastest-growing metro areas in the U.S. are in the South.
- Austin, Texas is the top boomtown for the third year in a row.
- Raleigh, North Carolina ranks second, leading in workforce and income growth.
- Seattle and Phoenix are the only cities outside the South in the top 10.
- Austin had the highest growth in housing units (3.4%) and population (3.1%).
- Jacksonville had the largest workforce increase at 5.6%.
- Seattle showed strong business growth with 5.1% GDP increase and 9.6% more new business applications.
- Factors like lower taxes, cheaper housing, and a favorable business climate help Southern cities grow.
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