Special Report

Raleigh Is One of the Fastest Growing Cities in America

Sean Pavone / iStock via Getty Images

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 Raleigh, North Carolina, metro area is today home to over a quarter of a million more people than it was in 2010. The 23% population growth over that period was driven largely by migration, while natural population change accounted for about one-third of total growth.

As is often the case in rapidly growing cities, North Carolina’s capital city reported robust job growth as its population ballooned. Overall employment climbed by 31.2% between 2010 and 2019 in the metro area compared to the 13.3% job growth nationwide over the same period.

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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