With the Census Bureau reporting that the South and West held 14 of the 15 cities with the largest population gains in 2018, the personal-finance website WalletHub today released its report on 2019’s Fastest-Growing Cities in America as well as accompanying videos.
To determine where the most rapid local economic growth occurred over a period of seven years, WalletHub compared 515 U.S. cities across 17 key metrics. The data set ranges from population growth to college-educated population growth to unemployment rate decrease. In addition, we produced a separate ranking by city size.
Economic Growth in Phoenix
• 77th – Population Growth
• 150th – Median Household Income Growth
• 39th – Job Growth
• 40th – Poverty Rate Decrease
• 394th – Regional GDP Growth
• 318th – Unemployment Rate Decrease
• 138th – Growth in Number of Businesses
• 72nd – Working-Age Population Growth
• 70th – Foreclosure Rate Decrease
• 77th – Median House Price Growth
Phoenix ranks 81st overall and 11th in terms of large-city growth.
NOTE: 1=Fastest-Growing; 258=Avg.
For the full report, visit https://wallethub.com/edu/fastest-growing-cities/7010/