Source: Wallet Hub
No doubt lured by its fantastic beaches, a booming housing market and an array of added attractions, Fort Myers certainly presents a thriving location for prospective new residents. Beyond all of this, though, Fort Myers has much more to offer, and is now celebrating its standing as the nation’s fastest growing city.
The distinction comes from the personal finance website WalletHub, which just came out with its ranking of “2018’s Fastest-Growing Cities in America”. When comparing hundreds of cities across the nation, Fort Myers came out at the very top of the list.
When breaking it down to large, medium and small cities, Fort Myers also topped the nation’s fastest-growing small cities. The city ranked extremely high for socio-demographics and relatively high for jobs and the economy. Fort Myers also did well for its poverty rate decrease and for its high job growth.
Socio-demographics covered such categories as those with a college degree as well as overall population growth. The jobs and economy category, on the other hand, looked more specifically at job growth, the decrease in unemployment and the poverty rate, plus the number of new businesses and startups, the foreclosure rate and growth in median home prices.
For area homeowners, this likely means a rise in home values, as the city becomes more and more attractive to new and prospective residents. In all, WalletHub looked at more than 500 American cities of all sizes, and compared them based on more than a dozen key measures mostly between the years of 2011 to 2017.
Analysts then took each individual city’s weighted average and came up with an overall score. Researchers excluded information from a city’s surrounding metro. The only other Florida city to crack the list of the top 10 overall cities was Lehigh Acres, coming in at number seven.