It ranks eighth in its five-year population change (19.62%) and 18th in its five-year change in number of housing units (21.15%). Murfreesboro, Tennessee – our top-ranking boomtown – places in the top 20% of cities for six of the seven metrics we considered. Additionally, in 110 cities, the August 2021 unemployment rate is less than or equal to 4.0%. According to August 2021 data from the Bureau of Labor Statistics (BLS), the unemployment rate is less than or equal to 5.0% in 241 cities of the total 500 in our study. Many economists consider a 4% to 5% unemployment rate to be full employment, or the rate at which inflation is stable. Close to half of cities are back to full employment.Additionally, as of August 2021, the unemployment rate was less than 5% in all but one of the cities (Bellingham, Washington). From 2014 to 2019, the total number of establishments and housing units grew by more than 8% and 10%, respectively, in all six cities. They include Nampa and Meridian in Idaho Bend, Oregon along with Vancouver, Bellingham and Seattle in Washington. Six of the top 10 boomtowns in America according to our ranking are located in Oregon, Washington and Idaho. There are many up-and-coming cities in the Northwest.
This is the 2021 edition of our study on the top U.S. To identify the top boomtowns in America in 2021, we looked at the most recently available data for 500 of the largest cities across the following seven metrics: population change, unemployment rate, change in unemployment rate, GDP growth rate, business growth, housing growth and change in household income. For more information on our data or how we put together our findings, read the Data and Methodology section below. In this study, SmartAsset uncovered the fastest-growing cities in the U.S.
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