Special Report

Fastest Growing Local Economy in Every State

Source: Sean Pavone / iStock via Getty Images

New Mexico: Eddy County
> Real GDP growth, 2015 to 2020: +31.9% (county); +3.3% (state)
> Fastest growing industry: Management of companies and enterprises
> Unemployment rate, Feb. 2022: 4.3%
> Median household income: $65,000
> Largest place in county: Carlsbad

Source: ChrisBoswell / iStock via Getty Images

New York: Rensselaer County
> Real GDP growth, 2015 to 2020: +23.3% (county); +3.4% (state)
> Fastest growing industry: Manufacturing
> Unemployment rate, Feb. 2022: 3.7%
> Median household income: $72,510
> Largest place in county: Troy

Source: Public Domain / Wikimedia Commons

North Carolina: Transylvania County
> Real GDP growth, 2015 to 2020: +89.5% (county); +5.1% (state)
> Fastest growing industry: Manufacturing
> Unemployment rate, Feb. 2022: 3.3%
> Median household income: $51,509
> Largest place in county: Brevard

North Dakota: Towner County
> Real GDP growth, 2015 to 2020: +110.1% (county); +-3.5% (state)
> Fastest growing industry: Agriculture, forestry, fishing and hunting
> Unemployment rate, Feb. 2022: 2.9%
> Median household income: $49,464
> Largest place in county: Cando

Source: Kenneth Keifer / iStock via Getty Images

Ohio: Monroe County
> Real GDP growth, 2015 to 2020: +78.2% (county); +1.9% (state)
> Fastest growing industry: Administrative and support and waste management and remediation services
> Unemployment rate, Feb. 2022: 8.3%
> Median household income: $46,241
> Largest place in county: Woodsfield

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.