There is no doubt that the past few years have brought upon some challenging economic times for many Americans. As a result, this has led to many people looking to relocate to boomtowns. Boomtowns refer to cities that experience rapid economic growth and development within a relatively short amount of time. Needless to say, this attracts many Americans in search of both a better job and overall quality of life. Checkr, an employee background-check firm, recently analyzed a roster of data, including some from the U.S. Census Bureau and Bureau of Economic Analysis to determine the top high-growth metros in the country.
Factors in determining boomtowns
- Population growth
- GDP growth
- Unemployment rate
- Workforce growth
- Poverty rate
- Housing unit growth
- Real personal income growth
- Change in median age
- Change in the total number of businesses
- Percentage of high-earning residents (making more than $100,000)
Top boomtowns in Florida
The Sunshine State had 17 high-growth metro areas listed in the top 100. These Florida cities included:
- #6. Destin
- #11. Bradenton
- #15. Palm Bay
- #17. Jacksonville
- #24. The Villages
- #27. Punta Gorda
- #28. Tampa-St. Petersburg-Clearwater
- #29. Orlando-Kissimmee-Sanford
- #30. Lakeland-Winter Haven
- #31. Ocala
- #36. Gainesville
- #39. Deltona-Daytona Beach-Ormond Beach
- #43. Cape Coral-Fort Myers
- #53. Naples-Marco Island
- #58. Port St. Lucie
- #61. Sebastian-Vero Beach
- #69. Pensacola-Ferry Pass-Brent
To view the complete report, click here.
Summary
Needless to say, The Sunshine State continues to attract many Americans looking to enjoy the tropical climate along with a robust economy. In addition to more people looking to Florida as their destination, many more companies are also looking to The Sunshine State to relocate to.
Are you thinking about relocating to South Florida? We can help! Contact Natasha at Live South Florida Realty, Inc. today! Also, be sure to download the free Florida Home Search app for you mobile device.
