Despite how the pandemic has taken a major economic toll on communities all over the country, some cities have continued to thrive. 

A recent analysis by wallethub.com shows that many cities, especially in the South, are booming in both population and economic growth this year. WalletHub analyzed 515 cities of various sizes across the country according to their jobs, economy, and sociodemographics to determine the fastest-growing cities. Each city was assigned a total score accounting for 17 metrics, such as population growth, job growth and increase in new businesses.

Of the top 15 fastest growing cities, eight of the cities with the largest increase in population from 2010 to 2019 were in Southern states and five were located in the West. Overall, Florida had the most cities on the top 15 list, totaling four cities. Texas had the second-highest count with three of the top 15 rapidly growing cities located in the state.

Here are some of the most rapidly growing U.S. cities of 2020:

1.Fort Myers, Florida – Total Score: 80.36

Fort Myers is ranked overall as the fastest growing city in the country when taking into account population growth, sociodemographic metrics, an increase in job opportunities, and economic growth. It is also the fastest-growing small city in the U.S. and is tied with multiple other cities for the highest economic growth.

2. Bend, Oregon – Total Score: 79.04

Bend, Oregon is ranked as the fastest-growing midsize city in the U.S. and is ranked in third place for “Jobs and Economy.”

3. Meridian, Idaho – Total Score: 78.8

Meridian is ranked first in “Sociodemographics” and is the second-fastest-growing midsize city in the U.S.

4. Milpitas, California – Total Score: 77.78

This is the second-fastest-growing city behind Fort Myers, Florida, and has the second-highest regional GDP growth.

5. Enterprise, Nevada – Total Score: 74.01

Enterprise is the third fastest-growing midsize city in the States. It is also tied with multiple other cities for the highest population growth.

6. Frisco, Texas – Total Score: 71.54

Also tied with numerous cities for the highest population growth, Frisco is also the fourth fastest-growing midsize city in the country.

7. Town ‘n’ Country, Florida – Total Score: 70.95

This Florida community is the third fastest-growing small city and is also ranked third in “Sociodemographics,” just behind Frisco.

8. Round Rock, Texas – Total Score: 70.72

Round Rock is the fifth fastest-growing midsize city and also fared fairly well in “Sociodemographics.”

9. Mount Pleasant, South Carolina – Total Score: 69.52

This is the fourth fastest-growing small city in the country.

10. Nampa, Idaho – Total Score: 69.13

Nampa takes eighth place in the “Jobs and Economics” category. It is tied in first place for the highest poverty rate decrease in American cities in 2020.

11. McKinney, Texas – Total Score: 69.04

McKinney is tied with multiple other cities for the highest population growth and highest job growth, just like nearby Frisco, Texas.

12. Henderson, Nevada – Total Score: 68.61

Hendderson is the fastest-growing large city in the United States.

13. Chino, California – Total Score: 68.56

Chino ranked well in “Sociodemographic” at number 17 in the category.

14. Cape Coral, Florida – Total Score: 68.08

Cape Coral ranked in fourth place in the “Jobs and Economics” category.

15. Porte Saint Lucie, Florida – Total Score: 67.92

Lastly, Porte Saint Lucie takes the second spot in “Jobs and Economics.”

To view the original article go to: https://wallethub.com/edu/fastest-growing-cities/7010

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If you already live in Fort Myers, you are one step ahead!

The city was named the number one place to retire in 2020 by U.S. News & World Report.

The “Best Places to Retire in the U.S. 2020” list is curated based on data analyzed for the 125 largest metropolitan areas in the U.S. “to assess how well they meet Americans’ retirement needs and expectations,” according to U.S. News & World Report.

Some of the top criteria? Happiness of local residents, housing affordability, tax rates and healthcare quality.

U.S. News & World Report describes Fort Myers as follows:

“For many years the Southwest Gulf Coast’s population had little growth and remained somewhat isolated from the rest of the Sunshine State. That seclusion ended in the early 1900s when inventor Thomas Edison and industrialist Henry Ford built winter homes in Fort Myers. At the start of the 20th century, the City of Palms started to boom. And that growth has continued to this day.”

“Nestled alongside the Caloosahatchee River in Southwest Florida, Fort Myers is a midsize metro area. It has retained its small-town heritage though, with a charming downtown lined with shops and restaurants, many of which are dog-friendly. Museums, parades, festivals, theaters, parks, historical sites and art galleries pepper the metro area and its social calendar.”

“Just a few miles away, Fort Myers Beach, Cape Coral and Sanibel Island are popular among boaters, kayakers, sailors and anglers.” The site also ranks Fort Myers as the #35 best place to live.”

Several other Florida cities also made the “Best Places to Retire” list.

Below are the top 10:

1. Fort Myers, Florida
2. Sarasota, Florida
3. Lancaster, Pennsylvania
4. Asheville, North Carolina
5. Port St. Lucie, Florida
6. Jacksonville, Florida
7. Winston-Salem, North Carolina
8. Nashville, Tennessee
9. Grand Rapids, Michigan
10. Dallas-Fort Worth, Texas

For more information on how the lists are curated go to: https://realestate.usnews.com/places/methodology

To view the original article go to: https://www.winknews.com/2019/10/08/fort-myers-named-1-best-place-to-retire-in-2020-by-u-s-news/

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SEATTLE – An analysis of online state-to-state home searches provides some insight on U.S. migration patterns, and Florida appears to be attracting a lot more new residents than it could lose to out-migration.

Redfin economists looked at the viewing habits of 53,000 visitors to its website in the third quarter of 2020 and found a lot of California and New York residents ready to transition to other states. And at least for New York, a lot of residents have their eye on a new Florida home.

“New York’s loss is Florida’s gain,” says Redfin economist Taylor Marr. “When the pandemic hit the U.S. in March, remote workers started leaving New York City and its ultra-expensive housing in search of wide-open spaces, sunshine and affordable homes – all of which you can find in Florida, with the bonus of no state income tax.”

Marr says the “trend has only intensified as the pandemic continues and people feel more certain of their remote work and school plans.”

According to the analysis, nearly 53,000 more website users wanted to move out of California rather than into it in the third quarter, a 62% increase since the third quarter of 2019 and the highest rate since Redfin started tracking migration in the beginning of 2017. 

The story is similar in New York, where almost 47,000 more people searched for homes outside the state than the number who wanted to move in during the third quarter – about 35% more than the 35,000 home searchers looking to leave during the same time period last year.

California and New York had the biggest upticks in people looking to move out of state – minus people looking to move in – since last year, followed by Massachusetts, Washington, D.C. and Illinois. 

Nearly 22,000 more website users looked to move into Florida than the number of Floridians who searched for a home outside the state in the third quarter, which is almost double the number in 3Q 2019 and the highest net inflow migration potential for the state since economists started tracking migration.

According to economists, movement into Florida has accelerated since the beginning of the year. 

© 2020 Florida Realtors®

To view the original article go to: https://www.redfin.com/news/migration-trends-pandemic-new-york-california/

and to see the article on the Florida Realtors go to: https://www.floridarealtors.org/news-media/news-articles/2020/10/home-searches-new-yorks-loss-floridas-gain?fbclid=IwAR2hhD4neWXTMl9Q9GceHNXCND5DseJtEO-RIAnS8L3S-pW9TD752iCESGA

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