The Midwest has often been touted this year as the place to be for affordability, an escape from the high prices of coastal living. But in SmartAsset’s top ten boomtowns of 2019, no Midwest city made the top ten—or the top 50. In fact, only when Carmel, Indiana, pops in at number 80 does the Midwest make an appearance. Instead, the South and West dominate the list based on population change, the unemployment rate, and other factors that would indicate rapid growth.
Boomtowns, characterized by prosperity and robust development, are often desirable places to put down roots and take out a mortgage. Economic growth provides employment opportunities and draws new residents. Some places, however, are growing faster than others. That’s why SmartAsset decided to find the cities in America where populations and job opportunities are rising rapidly.
In order to find the top 10 boomtowns of 2019, 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 details on our data sources and how we put all the information together to create the final rankings, check out the Data and Methodology section below.