These Are the Fastest Growing Cities in the U.S.
These are the fastest growing cities in the U.S. and they are not always the biggest cities in the country. Los Angeles, New York, Philadelphia, Chicago and San Francisco are not only large, but also very famous. However, when it comes to growth there are many other cities both large and small that are growing at a much faster rate in 2017. Recently, Forbes posted its annual list of America’s Fastest-Growing Cities. While some of these cities are well known, there are several others that might surprise you.
1. Cape Coral-Fort Myers, FL
After a 3.39% population growth last year, this area is expected to outdo itself this year, with a projected growth rate of 3.61%. That makes the top dog two years in a row on this list.
2. ORLANDO-KISSIMMEE-SANFORD, FL
With expected population growth of 3.14%, Orlando has the second highest growth rate in the country for the second consecutive year.
3. PROVO-OREM, UT
This quiet college town is experiencing amazing growth and it’s expected to increase by another 1.95% this year. GMP and wage growth are also expected to increase over last year’s rate.
4. DELTONA-DAYTONA BEACH-ORMOND BEACH, FL
With a projected population growth of 2.57%and a job growth rate of 3.16% this popular area in Florida is another one of the fastest growing locations in The Sunshine State.
5. JACKSONVILLE, FL
This is the third of six spots in Florida on the list and it’s expected to grow by 1.88% this year, along with a job growth rate increase of 2.59 %. GMP growth and wage growth are also projected to increase over last year.
6. NORTH PORT-SARASOTA-BRADENTON, FL
With a 2.67% growth rate last year, this area is booming and it’s expected to continue this year by another 2.59%, along with a projected GMP growth rate of 5.41%.
7. SEATTLE-TACOMA-BELLEVUE, WA
Heading back to the Pacific Northwest, Seattle and Tacoma are growing at a rapid pace, with expected population growth of 1.38% this year after a 1.56% jump last year. GMP and wage growth are also expected to increase over last year.
8. TAMPA-ST. PETERSBURG-CLEARWATER, FL
The first of many spots in the top 10 from Florida, this area grew by 1.65% in 201 and is projected to grow even more this year, by 1.76%.
9. PORTLAND-VANCOUVER-HILLSBORO, OR
This hot spot in the Pacific Northwest is expected to grow at a 1.11% clip in 2017 after jumping up by 1.2% last year. Home price skyrocketed in 2016 by 12.18% and is expected jump another 5.99% this year.
10. SALT LAKE CITY, UT
Coming in at number 10 is Salt Lake, City. It experienced Pop. Growth of 1.24% in 2016 and is projected to grow another 1.23% this year. Job growth is expected to grow by 3.28% in 2017 and wages are expected to increase 7.21%.
HOW THE LIST WAS COMPILED
The list is based on several factors. In addition to population growth, Forbes also looked at employment numbers, economic output, wages and home prices.
To see the entire list of the top 25 fastest-growing cities, click here.
We hope you found this article about “The Fastest Growing Cities in the U.S.” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
Do You Owe Money To The IRS?
The vast majority of Americans get a tax refund from the IRS each spring, but what do you do if you are one of those who have received a tax bill? What do you do if you owe money to the IRS and can’t pay? The IRS encourages you to pay the full amount of…
How Some Big Companies Are Maximizing Their Tax Benefit
How Some Big Companies Are Maximizing Their Tax Benefit There’s no question that the IRS is always looking for ways to get every penny they can from the nation’s taxpayers, whether they be individuals or businesses. On the other hand, many are also doing whatever they can to pay as little as possible, some, even…
Federal Government Still Facing Huge Deficit
Federal Government Still Facing Huge Deficit Does it seem like no matter how much money the federal government collects in tax revenue, they will still never have enough? For a lot of people the, answer is a resounding “yes.” The country’s Monthly Treasury Statement lends even more credence to that belief. What does the Treasury…
The IRS is Not a Bully – You can poke a bully in the nose.
The IRS is Not a Bully You can poke a bully in the nose. This is the third installment of “The IRS is Not a Bully” series, identifying taxpayer concerns and the difficult position in which Congress puts the IRS. Namely, applying ever increasing pressure to operate in ways its founders never intended, until it’s…