20 Fastest Growing Cities In The US

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Published on January 15, 2020
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According to the U.S. Census Bureau, most of the fastest-growing cities in the country are in the South and West with many of them attracting over 10,000 new inhabitants each year. The average city in the U.S. sees a population changeof 5% – 7% per year. All the cities on this list grewby at least 4.5%.

The fastest-growing cities vary greatly in their overall population and what makes them attractive. Read on to discover which cities attracted the highest population growth percentage in 2019, and what makes them so attractive.

Fastest-Growing Cities By Percentage Growth

These cities are growing faster by percentage than cities in the rest of the country. While people choose cities for different reasons, these seem to have a certain something that attracts people who want to relocate.

1.  Buckeye City, Arizona

This Phoenix suburb takes the lead as the fastest-growing city in America. Buckeye City, like Phoenix, is known for its phenomenal winter weather and its proximity to both Phoenix’s job market and the myriad outdoor activities within short driving distance.

Some facts about Buckeye City:

  • 5% population growth in 2018
  • 3% employment rate increase in 2018 with future job growth in the next decade expected to exceed 40% to accommodate the increase in population
  • Median household income of $61,469
  • The median age is 34, which is slightly younger than the state median age of 37
  • Buckeye City is the 14thlargest city in Arizona but is part of the largest metropolis in the state

     

2.  New Braunfels, Texas

New Braunfels is a city of nearly 80,000 located about 15 miles northeast of San Antonio, and about 50 miles southwest of Austin. It’s known for its beautiful surrounding landscapes that include the Comal and Guadalupe rivers, as well as several parks and the Natural Bridge Caverns. It’s also home to a huge water park and boasts strong values in diversity.

Some facts about New Braunfels: 

  • 2% population growth in 2018
  • 7% employment rate increase in 2018 with future job growth expected to exceed 46% over the next decade
  • Median household income of $65,932
  • The San Antonio metro area adds more than 60 people a day to its population on average

    

3.  Apex, North Carolina

Apex lies about 10 miles to the west of North Carolina’s capital, Raleigh. A smaller city, Apex is home to about 50,500 residents who choose the area to be a part of its self-proclaimed “peak of good living.”

What you should know about Apex:   

  • 8% population growth in 2018
  • The employment rate increased by 6.3% in 2017 and continues to grow faster than the national average
  • Median household income of $89,392, significantly higher than the U.S. average of $53,482 per year
  • The Raleigh area is home to many tech and banking hubs with the largest employers including Bank of America, IBM, Cisco and more
  • The Raleigh-Durham area is home to over 30 colleges and universities including Duke, North Carolina State University, and the University of North Carolina-Chapel Hill.

    

4. Frisco, Texas

Frisco, a northern suburb of Dallas, was the fastest-growing city in America in 2017 and continues to grow. The Dallas-Forth Worth Metro area is home to nearly 7 million people, two major airports, and six professional sports teams.

Here’s what you need to know about Frisco: 

  • Population growth of 6.1% in 2018
  • Employment rate grew by 6.88% in 2017
  • Median household income is $112,155
  • The median home value in Frisco is $335,900, and 74% of Frisco residents own rather than rent

    

5. Meridian, Idaho

The third-largest city in Idaho, Meridian has experienced a 1000% increase in population since 1990. Meridian is located just west of Boise, the state capital, and boasts that it has a lower cost of living than the national average.

What you need to know about Meridian:

  • Population grew by 6.1% in 2018
  • Employment rate grew by 5.94% in 2018
  • Median household income is $63,225
  • Meridian’s average cost of living is 2% less than the national average
  • The median price of a home is $253,000

 

6. McKinney, Texas

This “Unique by Nature” city is also a northern suburb of Dallas and has many of the same advantages to living in the aforementioned Frisco. McKinney was named the #1 Best Place to Live in America in 2014 by Money Magazine and was chosen based on factors that include quality of education, beautiful scenery and the job market.

What you need to know about McKinney:

  • Population grew by 5.4% in 2018
  • Employment rate grew by 5.48% in 2018
  • Median household income is $87,608
  • The median price of a home is $320,990
  • McKinney was the United States’ fastest-growing city from 2000 – 2003, and again in 2006

 

7. Georgetown, Texas

Georgetown is in Central Texas, about 30 miles north of Austin. The quaint downtown historic district includes several Victorian-era buildings that add to the city’s charm. Outside of downtown, residents enjoy spending time in Blue Hole Park and exploring the Inner Space Cavern, a huge cave with hundreds of stalactites.

Stats about Georgetown:

  • Population grew by 5.2% in 2018
  • Employment rate grew by 6.35% in 2018
  • Median household income is $67,753
  • The median price of a home is $318,274
  • There are three National Register Historic Districts in Georgetown

 

8. Rowlett, Texas

Rowlett is the third Dallas suburb on this list and lies to the east of the city on Lake Ray Hubbard. Rowlett was named a Top 10 City to Retire by U.S. News and World Report in 2019 and is the 9thSafest City in Texas according to SafeHome.org. Rowlett residents say that it’s “THE place to live, work, and play!”.

What you need to know about Rowlett:

  • Population grew by 5.1% in 2018
  • Employment rate grew by 3.56% in 2018
  • Median household income is $83,442
  • The median price of a home in Rowlett is $257,817
  • Rowlett’s Crystal Lagoon development along the lake was over a $1 billion development investment and spreads over 120 acres

 

9. St. Cloud, Florida

Like many Florida cities, St. Cloud boasts plenty of waterfront properties and proximity to a variety of outdoor activities. Located 26 miles southeast of Orlando, St. Cloud attracts retirees and families alike. Because it’s on the outskirts of Orlando, St. Cloud has attracted several developers to the area due to the amount of land available.

Stats about St. Cloud:

  • Population grew by 5% in 2018
  • Employment rate grew by 4.21% in 2018
  • Median household income is $48,911, lower than the national average
  • The median price of a home in St. Cloud is $253,508
  • In early 2019, the St. Cloud city council voted to add 2,020 acres to its city limits to allow for further development

   

10. Ankeny, Iowa

Located halfway between Iowa’s largest university and its largest city, Ankeny has hovered at the top of the Fastest-Growing Cities charts for the past decade, with this being the fourth consecutive year on the list. Although one of the smaller cities on this list, its 56,000 residents choose to live here for the easy access to amenities, short commute to downtown Des Moines, and quiet, new neighborhoods.

What you need to know about Ankeny:

  • Population grew by 4.6% in 2018
  • Employment rate grew by 7.48% in 2018
  • Median household income is $79,536
  • The median price of a home in Ankeny is $243,424
  • The city has increased in population by about 20,000 in the last 10 years

 

11. Dublin, California

Dublin is about 1.5-hour commute from downtown San Francisco and lies several miles inland. This diverse city has grown rapidly over the last decade as people continue to flock to the Bay area. The proximity to San Francisco gives Dublin incredible diversity and access to world-class amenities.

Facts about Dublin:

  • Population grew by 4.5% in 2018
  • Employment rate grew by 6.05% in 2018
  • Median household income is $114,699
  • The median price of a home in Dublin is $908,783
  • The population of Dublin has grown by 50% since 2010

 

12. South Jordan, Utah

Just 18 miles south of Salt Lake City, you’ll find South Jordan. This picturesque town lies between the Oquirrh and Wasatch mountains and has 3.5 miles of contiguous park called the Jordan River Parkway. The park lies alongside the Jordan River and provides space for cycling, walking, and plenty of other family activities. 

What you need to know about South Jordan:

  • Population grew by 4.4% in 2018
  • Employment rate grew by 4.22% in 2018
  • Median household income is $99,856
  • The median price of a home is $460,715
  • South Jordan has 27 municipal parks and is also home to recreational facilities such as an aquatic and fitness center, two mini-golf courses, and two golf courses.

 

13. Midland, Texas

This west Texas city is known as “The Tall City.” It’s also the headquarters of the largest oil production region in the country and is George W. Bush’s childhood home. Midland is halfway between El Paso and Dallas and has been attracting new residents due to its affordable homes and access to quality education. 

Some stats about Midland:

  • Population grew by 4.4% in 2018
  • Employment rate grew by 12% in 2018, one of the highest surges in the nation
  • Median household income is $76,646
  • The median price of a home is $335,000
  • The median age in Midland is 31 years

 

14. Castle Rock, Colorado

Named after its most prominent natural landmark, Castle Rock is a city about 30 miles south of Denver. Once an old mining town, the population increased from about 48,000 in 2010 to about 64,800 in 2018. 

Facts about Castle Rock:

  • Population grew by 4.3% in 2018
  • Employment rate grew by 2.8% in 2018
  • Median household income is $86,563
  • The median price of a home is $478,482
  • The greater Denver area has one of the fastest-moving housing markets in the nation. Most homes sell for within 1% of their asking price and less than 30 days.

 

15. Round Rock, Texas

Situated near Austin, Texas, Round Rock is also named after its most prominent landmark – a large rock in Brushy Creek. This city is known locally for its outdoor activities and superior job market. Major employers include Dell, Emerson, and Teleserv. 

What you need to know about Round Rock:

  • Population grew by 4.3% in 2018
  • Employment rate grew by 3.5% in 2018
  • Median household income is $76,295
  • The median price of a home is $291,680
  • Round Rock was named #5 in the ‘Best Cities in America to Buy a House’ list in 2019.

Fastest-Growing Cities By Population Growth

Although the gross number of people moving to a city is higher, when larger cities attract the same amount of people as a small city, the percentage growth is smaller. Let’s look at the large cities in the United States that are growing at the fastest rate:

1.  Austin, Texas

Austin is the fastest-growing city in the United States in the amount of people moving there each year. Austin is home to the University of Texas as well as several tech hubs including Dell, 3M, an Apple office, and more.   

What you need to know about Austin:

  • Population grew by 2.5% in 2018
  • Employment rate grew by 2.5% in 2018
  • Median household income is $55,216
  • The median price of a home is $388,065
  • About 100 people move to the Austin metro area each day

    

2.  Miami, Florida

Miami is the cultural and economic center of South Florida and is also the southernmost large city in the United States. From art-focused neighborhoods like Wynwood to the financial center in Brickell, this coastal city is growing with fervor.

Stats about Miami:

  • Population grew by 1.25% in 2018
  • Employment rate grew by 2% in 2018
  • Median household income is $54,284
  • The median price of a home is $366,159

    

3.  Seattle, Washington

Alaska Airlines, Amazon, Microsoft, Costco and Starbucks are just a few of the famous companies headquartered out of the Seattle area, making it one of the most illustrious job markets in the country. While not known for its beautiful weather, Seattle is attracting myriad professionals to the area.

What you need to know about Seattle:

  • Population grew by 2.5% in 2018
  • Employment rate grew by 3.1% in 2018
  • Median household income is $92,545
  • The median price of a home is $729,381
  • The state of Washington does not have an income tax

    

4.  Henderson, Nevada

With proximity to the lights of Las Vegas and the serenity of the Grand Canyon, Henderson has a little bit of something for everyone. This city boasts a low cost of living and is close to a major airport for those who choose to travel.

What you need to know about Henderson: 

  • Population grew by 2.59% in 2018
  • Employment rate grew by 3.5% in 2018
  • Median household income is $72,884
  • The median price of a home is $335,791
  • The cost of living is slightly higher in Henderson that in the United States, but the average income is significantly higher than the national average.

    

5.  Denver, Colorado

The Mile High city is home to a booming tech industry, is a key player in the cannabis industry, and is known for its easy access to the Rocky Mountains. These factors are sending people to Denver in droves, and the hype isn’t slowing down.

What you need to know about Denver:

  • Population grew by 1.6% in 2018
  • Employment rate grew by 2.6% in 2018
  • Median household income is $68,377
  • The median price of a home is $438,900
  • Denver’s millennial population growth is about 18.7%

How We Got Here

To accumulate this list, we consulted the U.S. Census Bureau’s annual report on the fastest-growing cities in the United States. The goal of the U.S. Census Bureau is to provide factual data about the people, places and economy of the United States.

Buying A House In One Of The Fastest-Growing Cities In America

While these cities may seem very attractive to purchase a home or find a job in, there are several factors you should consider before making the leap.

Cost Of Living & Standard Of Life

The cost of living in a city is based on many criteria. Typically, it takes rent or housing costs, transportation, food, utilities, common expenses such as cell phone bills, childcare and education costs, and more. These expenses can vary greatly from place to place.  

For example, if you are considering moving from Ankeny, Iowa to Dublin, California, you will experience a huge difference in cost of living because housing costs alone are much higher in California than Iowa. Additionally, parking in the city, childcare, and taxes are known to be much higher in California than Iowa.

Standard of life is the lifestyle that you can maintain alongside the cost of living. In this same example, if you kept an Ankeny, Iowa income when moving to Dublin, California, you would have to make significant lifestyle shifts to be able to afford the cost of living.

You should consider both cost of living and standard of life when debating a move.

Quality Of Investment

You’ll also want to consider the quality of the investment that you make. The simplest way to do this is to consider your income in comparison to the cost of a property.

For example, the average home cost in Dublin, California, was nearly eight times the annual median household income. Compare this to Rowlett, Texas’ median income being only a third of the average house price. The people who invest in a home in Rowlett are much more likely to be able to afford their payments or pay off their home early than the people in Dublin.

You’ll want to consider other factors such as what the market is expected to do in the coming years. If the market is trending upward, it might be a good time to buy a property in that area. If it’s beginning to plateau or decrease, you may not want to make a purchase.

The Bottom Line

As you decide where to live and work, you may be drawn to one of the fastest-growing cities in the country. As you make your decision, be sure to consider cost of living, standard of life, and the quality of the investment that you make in moving there. You should consider what’s important to you, and what each of your options has to offer. 

When it comes time to purchase, remember that Quicken Loans®and Rocket Mortgage®are here to assist in every step of the process.

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