The City of Murfreesboro has been named 2019's 8th Fastest-growing Midsize City in a recent study from WalletHub.com. Murfreesboro ranks 12th overall.
The latest ranking by WalletHub again places Murfreesboro in the Top-10 for Midsize Cities, just ahead of McKinney and Midland, Texas but behind College Station and Round Rock, Texas. The No. 1 ranked Midsize City in the survey was Lehigh Acres, Florida followed by Enterprise, Nevada. Murfreesboro ranks No. 1 in job growth, No. 9 in working age population and No. 10 in population growth.
For the Main Findings, Ranking By City Size, and Methodology, visit https://wallethub.com/edu/fastest-growing-cities/7010/.
According to WalletHub.com, "Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity better than others. Patterns emerge within those cities, allowing us to identify what factors contribute to a lasting cycle of growth. The South and West currently seem to be attractive places to move, as the U.S. Census Bureau reports eight of the 15 cities with the largest population gains in 2018 were located in the South and six were in the West."
WalletHub.com added, "To determine where the fastest local economic growth has occurred in the U.S., WalletHub compared 515 cities of varying population sizes based on 17 key measures of both growth and decline over a period of seven years. Our data set ranges from population growth to unemployment rate decrease to growth in regional GDP per capita. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology."
Economic Growth in Murfreesboro (1=Fastest-Growing; 258=Avg.)
- 10th – Population Growth
- 1st – Job Growth
- 49th – Regional GDP Growth
- 83rd – Growth in Number of Businesses
- 9th – Working-Age Population Growth
Murfreesboro ranks 12th overall and 8th in terms of midsize-city growth.