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Although wages remain stagnant for many American workers, there are several cities in the United States where incomes are rising.
The GOBankingRates personal finance website has badyzed 347 US cities with 500,000 or fewer inhabitants, looking for places where economic prosperity, population growth and rising incomes are flourishing. To rank the top "booming cities" or cities that meet these criteria, the site examined five-year data on population, housing, GDP, and per capita income from the 2017 US Census Bureau community. of the Bureau of Economic Analysis.
These sites are good alternatives for people wishing to avoid notoriously expensive cities, such as New York or San Francisco, because "they offer incentives, such as a more affordable cost of living or a higher salary – or both, "says GOBankingRates. .
Below, check out 15 growing US cities, where the economy is booming and wages are rising.
15. Santa Cruz, California
Personal income growth, 2012 to 2017: 20.5%
Population growth 2012 to 2017: 6.1%
GDP increase from 2012 to 2017: 23.3%
14. Durham, North Carolina
Growth in personal income, 2012 to 2017: 15.8%
Population growth 2012 to 2017: 11.9%
GDP increase from 2012 to 2017: 14.8%
13. Charlottesville, Virginia
Growth in personal income, 2012 to 2017: 17.9%
Population growth from 2012 to 2017: 7.6%
GDP increase from 2012 to 2017: 22.4%
Historic downtown, Charlottesville, Virginia.
Richard Cummins | Getty Images
12. Miami, Florida
Growth in personal income, 2012 to 2017: 17.7%
Population growth from 2012 to 2017: 10.2%
GDP increase from 2012 to 2017: 29.4%
11. San Luis Obispo, California
Growth in personal income, 2012 to 2017: 23.9%
Population growth 2012 to 2017: 3.7%
GDP increase from 2012 to 2017: 26.2%
10. Sioux Falls, South Dakota
Growth in personal income, 2012 to 2017: 13.2%
Population growth from 2012 to 2017: 10.3%
GDP increase from 2012 to 2017: 23.5%
Sioux Falls, South Dakota.
Denis Jr. Tangney | E + | Getty Images
9. Bismarck, North Dakota
Growth in personal income, 2012 to 2017: 8.1%
Population growth 2012 to 2017: 13.9%
GDP increase from 2012 to 2017: 23.7%
8. Raleigh, North Carolina
Personal income growth, 2012 to 2017: 15%
Population growth 2012 to 2017: 11%
GDP increase from 2012 to 2017: 33%
7. Fayetteville, Arkansas
Growth in personal income, 2012 to 2017: 23.4%
Population growth 2012 to 2017: 10.4%
GDP increase from 2012 to 2017: 37.6%
Residents enjoy Saturday morning the Farmers Market on downtown Fayetteville Square in Arkansas.
Wesley Hitt | Getty Images
6. Reno, Nevada
Growth in personal income, 2012 to 2017: 26.5%
Population growth 2012-2017: 5.9%
GDP increase from 2012 to 2017: 36.7%
5. Santa Rosa, California
Growth in personal income, 2012 to 2017: 28.6%
Population growth 2012-2017: 4.2%
GDP increase from 2012 to 2017: 33.8%
4. Boulder, Colorado
Growth in personal income, 2012 to 2017: 24.3%
Population growth 2012-2017: 7.2%
GDP increase from 2012 to 2017: 22.3%
Sunrise over Boulder from the second Flatiron. Boulder, Colorado.
Andrew Peabad | Getty Images
3. Sebastian, Florida
Growth in personal income, 2012 to 2017: 20.9%
Population growth 2012-2017: 9.3%
GDP increase from 2012 to 2017: 23.5%
2. Santa Fe, New Mexico
Personal income growth, 2012 to 2017: 17.2%
Population growth 2012-2017: 21.5%
GDP increase from 2012 to 2017: 9.5%
1. Naples, Florida
A woman smiles on the beach in Miami, Florida.
Twenty20
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