This is a news release from Wallethub.com
With the economy steadily rebounding from the Great Recession, the leading personal finance social network WalletHub conducted an in-depth analysis of 2014's Fastest Growing Cities.
In order to identify the American cities that have grown the most rapidly in socio-economic terms, WalletHub examined data spanning 2008 to 2013. We analyzed 516 U.S. cities of varying sizes across 10 key metrics, ranging from population growth rate to unemployment rate decrease.
- Lehigh Acres, Fla., had the highest population growth at 12.92 percent. Roswell, Ga. experienced the biggest population decrease at 2.78 percent.
- Pharr, Tex., had the highest household income increase at 8.87 percent. El Monte, Calif. experienced the biggest household income decrease at 5.97 percent.
- Kent, Wash., had the highest job growth at 7.99 percent. Gary, Ind. experienced the biggest job decrease at 4.92 percent.
- Yuma, Ariz., experienced the biggest poverty rate decrease at 8.22 percent. Ellicott, Md. had the highest poverty rate increase at 104.01 percent.
- Midland, Tex., had the highest growth in GDP per capita at 10.94 percent. Reno, Nev. experienced the biggest decrease in GDP per capita at 3.39 percent.