NAPLES NAMED BIGGEST BOOMTOWN IN THE US ☘ Hoey Team ☘ eXp Realty

Dated: 07/19/2019

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Yet another good reason to live in Southwest Florida

Population is booming, business is booming … Naples is a certified boomtown.

GOBankingRates put Naples on the top of top U.S. boomtowns. What is a “boomtown,” exactly? The site looked at areas with a population under 500,000 that had high growth in population, housing units and per capita income from 2012 to 2017.  Here’s what it had to say about Naples: “Naples made the top five on the list for highest gross domestic product increase, by percentage—realizing a five-year change of $4,624. Plus, the city barely landed outside the top five for the percentage increase in income. Although the city was below average for the list regarding housing and population increases, it wasn’t by much—less than 1 percentage point each.”

Oh, and in case you didn’t hear, we’re also the healthiest city in the U.S. 

Naples tops the list of southern “boomtowns”

Four cities in the state of Florida placed in the top 10 of booming southern towns according to a list made by GOBankingRates.

Personal finance website GOBankingRates analyzed 347 American cities with populations of 500,000 or under, looking for places experiencing a combination of economic prosperity, population growth and rising incomes. To rank the top “boomtowns,” or cities that meet these criteria, the site looked at five-year data on population, housing, GDP and per capita income from the U.S. Census Bureau’s 2017 American Community and the Bureau of Economic Analysis.

Naples was number one on the list with personal income growth in 2012-1017 of 22.8%, a population growth of 6.8% and GDP increase of 34% in the same time period.

Second on the list was Sebastian, Florida with 20.9% PIG, PG of 9.3%, and GDP increase of 23.5%.

Other cities like Miami, Florida came in at number 5 on the list, and Port St. Lucie came in at number 8 on the list.

Article content in part from Gulfshore Life and Wink News

Also; please check out the other blogs, and tabs to many other Links, Updates & Reports that we have here on our informational website.  

We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team  brokered by eXp Realty

Email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team ☘ at:  (239)-360-5527 

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Barry and Kim with the Hoey Team ☘

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