News

5 Fla. cities rank in top 30 for economic growth

2016-10-03

LEHIGH ACRES, Fla. – Oct. 3, 2016 – With the economy rebounding since the Great Recession, WalletHub, a personal-finance website, attempted to identify the U.S. cities that grew the most rapidly between 2009 and 2015. To do that, it considered 14 metrics, ranging from "population growth rate" to "college-educated population growth" to "unemployment rate decrease."

WalletHub broke down the results by city size and also by specific metric. Overall, however, five Florida cities made the top 30: Lehigh Acres (No. 3), Fort Myers (14), Brandon (16), Miramar (17) and Palm Coast (28).

"Experts might not agree on the 'best' or the 'right' recipe for rapid economic growth, but some cities have figured out the key ingredients and how to stir the pot just right to sustain long-term prosperity," WalletHub said in the study. "Patterns emerge within those cities, allowing us to identify the contributing factors that perpetuate a lasting cycle of growth."

Top 5 Florida cities by key index:

  • Large cities with the most growth: Miami ranked second
  • Highest population growth: Lehigh Acres tied for second
  • Highest job growth: Fort Myers ranked third; Cape Coral ranked fifth
  • Highest poverty rate decrease: Boca Raton ranked third

The complete study can be accessed via WalletHub's website.

© 2016 Florida Realtors®

Reprinted with permission. Florida Realtors®. All rights reserved.

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