News

Actions

Three Southwest Florida cities rank among fastest-growing in country

WFTX-Default-Image_1280x720.png
Posted at 2:24 PM, Oct 10, 2017
and last updated 2017-10-10 14:24:29-04

LEE COUNTY, Fla. -- An analysis of economic growth in 515 American cities by a well-known personal finance website shows that Lee County is a hub of activity in the country, with 3 of the top 15 cities located in Southwest Florida.

WalletHub released their findings this week.

Their list of the fastest-growing cities places Lehigh Acres at #3, followed closely behind by Fort Myers at #7 and Cape Coral at #15.

To determine where the fastest local economic growth has occurred, WalletHub’s analysts compared 515 cities based on 15 measures over a period of seven years.  The metrics were based on two key dimensions: Sociodemographics, which includes population growth factors; and Jobs & Economy, which studied factors like job growth, new businesses, regional GDP, and home prices.

Fort Myers experienced the nation’s highest decrease in poverty rate, declining 2.92% during the seven-year study period.  Fort Myers also earned the nation’s top ranking in job growth and median house price growth, along with a ninth-place ranking in population growth.

For a detailed look at their findings, CLICK HERE.