Central Valley has some of the nation’s faster-growing cities, report says
October 2, 2017
• A non-city leads the list
• Frisco, Texas leads the nation
With economic growth expected to slow in the short term after a devastating hurricane season, the personal-finance website WalletHub has conducted what it calls an in-depth analysis of 2017’s fastest-growing cities in America.
To determine where the most rapid local economic growth occurred over a period of seven years, WalletHub’s analysts compared 515 U.S. cities across 15 key metrics. The data set ranges from population growth to college-educated population growth to unemployment rate decrease.
The fastest growing “city” in the Central Valley is not a city at all. It is the unincorporated Arden-Arcade area adjacent to the city of Sacramento. Arden-Arcade is ranked 41st in WalletHub’s study.
Other Central Valley cities and where they rank in overall growth:
• Manteca, 72
• Roseville, 92
• Elk Grove, 94
• Tracy, 138
• Merced, 161
• Modesto, 172
• Folsom, 180
• Sacramento, 189
• Bakersfield, 201
• Clovis, 209
• Citrus Heights, 215
• Fresno, 248
• Stockton, 249
• Turlock, 343
• Visalia, 361
• Chico, 420
WalletHub ranks Frisco, Texas, as the city with the fastest overall growth, regardless of size. Slowest is Shreveport, Louisiana, says WalletHub.
Other Key Stats
• Kent, Washington, experienced the highest population growth, at 5.96 percent. Conversely, Gary, Indiana experienced the highest population decrease, at 1.30 percent.
• San Marcos, California, experienced the highest household income increase, at 9.81 percent. Conversely, Trenton, New Jersey, experienced the highest household income decrease, at 2.35 percent.
• Fort Myers, Florida, experienced the highest decrease in poverty rate, at 2.92 percent. Conversely, Shreveport, Louisiana, experienced the highest increase in poverty rate, at 1.55 percent.
• Midland, Texas, experienced the highest growth in real GDP per capita, at 7.68 percent. Conversely, Lafayette, Louisiana, experienced the highest decrease in real GDP per capita, at 4.52 percent.