Weighing 10 metrics across 381 U.S. metros, Provo, Utah, comes in at No. 1 for fast-growing boomtowns, according to Checkr.
Provo, Utah, has ranked No. 1 in Checkr’s new report of fastest-growing boomtowns. Looking at 10 factors across 381 metropolitan areas using data from the U.S. Census Bureau and the Bureau of Economic Analysis, three other Utah cities—St. George, Logan, and Odgen—also made the top 10.
Provo’s ranking is the result of strong GDP growth, number of business added, and labor force growth. Over the past five years, Utah has seen healthy growth in both population and economic development, the report notes.
“While we can’t predict whether these newcomers will set permanent roots in these places, one key factor for the move is the escalated cost of housing in major cities across the country,” says Sara Korolevich, author of the Checkr report.
“Combine pricey housing options with an opportunity to move elsewhere because of remote work, and it’s not surprising that less-expensive cities are booming more than others as residents seek better work/life balance and a more affordable place to live.”
The top 15 boomtowns across the U.S., according to Checkr, include:
Compared with the fastest-growing cities, Checkr also has ranked the slower-growing metros across the U.S. Economic investment, demographic trends, environmental constraints, social and political instability, market conditions, and climate, among other factors, were considered in the anaylsis.
The 15 slowest-growing cities include:
Linda Secrist & Associates is the top selling team in luxury homes in the SLC Market. They have received countless awards over the past 20 years, including “Sales Team of The Year” for over 10 years including 2022! Linda Secrist is #54 in the top 100 Agents in the World in luxury residential real estate. If you’re searching for homes in Sandy, Salt Lake, Cottonwood Heights, Millcreek, Draper, South Jordan, Bountiful, Centerville, Farmington or anywhere in northern Utah, Linda Secrist & Associates are the real estate agents to call. If you’re buying or selling a home, don’t hesitate to text or call us at 801-455-9999!