Special Report

Cape Coral Is One of the Fastest Growing Cities in America

An average of about 34.3 million Americans packed up and moved each year over the last decade. Some did so to be in a better neighborhood, while others moved for job opportunities or another reason. And some U.S. cities have proven to be much better than others at drawing in new residents and appealing to those who are starting families.

Using metropolitan area level data from the U.S. Census Bureau’s American Community survey, 24/7 Wall St. identified America’s fastest growing cities. We ranked metro areas based on population change from July 2010 to July 2019. Each metro area on this list has reported a population growth of at least 19% over that period.

We also considered supplemental data on median household income and median home value from the Census’ ACS. Data on annual unemployment rate and employment changes came from the Bureau of Labor Statistics.

Population change is the product of two factors — net migration and natural growth. Natural growth is the number of births over a given period less the number of deaths. Net migration is the difference between the number of new residents — either from other parts of the country or from abroad or the number of residents who have left the area.

The Cape Coral-Fort Myers metro area is one of several along Florida’s Gulf Coast to report near nation-leading population growth between 2010 and 2019. The total population grew by 24.5% over that period.

Like other rapidly growing metro areas in the Sunshine State, the Cape Coral metro area offers an ideal climate for many, and residents are not subject to a state income tax. Between 2010 and 2019, 152,300 more people moved to the metro area than moved out.

Rank: Metro area: Pop. change; 2010-2019: Median home value change; 2010-2019: Unemployment rate; 2019: Total 2019 pop.:
1 The Villages, FL +41.7% +49.4% 4.6% 132,420
2 Myrtle Beach-Conway-North Myrtle Beach, SC-NC +32.0% +31.5% 4.0% 496,901
3 Austin-Round Rock-Georgetown, TX +29.8% +69.7% 2.7% 2,227,083
4 Midland, TX +28.9% +74.5% 2.1% 182,603
5 St. George, UT +28.6% +48.9% 3.0% 177,556
6 Greeley, CO +28.3% +101.0% 2.5% 324,492
7 Bend, OR +25.3% +58.6% 3.9% 197,692
8 Cape Coral-Fort Myers, FL +24.5% +63.7% 3.1% 770,577
9 Provo-Orem, UT +23.0% +61.7% 2.4% 648,252
10 Raleigh-Cary, NC +23.0% +37.4% 3.4% 1,390,785
11 Daphne-Fairhope-Foley, AL +22.5% +26.7% 2.7% 223,234
12 Orlando-Kissimmee-Sanford, FL +22.2% +51.2% 3.0% 2,608,147
13 Fayetteville-Springdale-Rogers, AR +21.5% +34.2% 2.6% 534,904
14 Boise City, ID +21.5% +69.6% 2.7% 749,202
15 Odessa, TX +21.2% +86.5% 2.6% 166,223
16 Crestview-Fort Walton Beach-Destin, FL +20.7% +33.6% 2.7% 284,809
17 Charleston-North Charleston, SC +20.7% +38.2% 2.4% 802,122
18 Lakeland-Winter Haven, FL +20.4% +47.3% 3.7% 724,777
19 Naples-Marco Island, FL +19.7% +45.1% 3.1% 384,902
20 Coeur d’Alene, ID +19.7% +56.9% 3.6% 165,697
21 Houston-The Woodlands-Sugar Land, TX +19.4% +55.6% 3.8% 7,066,141
22 North Port-Sarasota-Bradenton, FL +19.2% +58.1% 3.1% 836,995
23 Fort Collins, CO +19.1% +69.7% 2.4% 356,899
24 San Antonio-New Braunfels, TX +19.1% +50.0% 3.1% 2,550,960
25 Dallas-Fort Worth-Arlington, TX +19.0% +68.8% 3.3% 7,573,136

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