Special Report
America's Fastest Growing Cities
April 4, 2016 6:48 am
Last Updated: March 13, 2020 4:18 pm
20. Naples-Immokalee-Marco Island, FL
> Population growth (2010-2015): 10.73%
> Total population: 357,305
> Per capita income: $73,869
> Unemployment rate: 4.8%
Located in southwest Florida, the Naples metro area’s population rose by 10.7% over the last five years. The area’s unusually high growth rate is likely due to its status as a retirement destination, as a generation of baby boomers began to migrate warmer climates. Nearly 30% of the area’s population is at least 65 years and old, more than double the national proportion.
19. Fort Collins, CO
> Population growth (2010-2015): 11.00%
> Total population: 333,577
> Per capita income: $43,584
> Unemployment rate: 2.8%
People tend to move to areas with greater job opportunities. Job prospects may have contributed to the Fort Collins area’s 11% population growth since 2010, the vast majority of which was due to people moving to the area. The area’s unemployment rate of just 2.8% — the fourth lowest of any U.S. metropolitan area — is indicative of a healthy labor market.
18. Bend-Redmond, OR
> Population growth (2010-2015): 11.04%
> Total population: 175,268
> Per capita income: $41,675
> Unemployment rate: 5.7%
Bend, Oregon’s population increased by over 11% in the last five years. In many ways, however, the city does not fit the profile of a rapidly growing metropolitan area. Job opportunities tend to attract potential workers to an area, but Bend’s unemployment rate of 5.7% is higher than jobless rate in the majority of metropolitan areas.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.