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Report: Rochester in top third of fastest growing cities

Rochester Business Journal
September 24, 2014

Rochester ranks among the top third of cities nationwide for its growth rate, a new report from WalletHub shows.

In 2014’s Fastest Growing Cities, WalletHub—a social website launched by Evolution Finance that offers financial tools and information for consumers and small business owners—ranked 516 cities for their socio-economic growth. Rochester ranked 160th overall and 78th among the nation’s 216 medium-sized cities.

The report focused on 10 key metrics ranging from population growth rate to unemployment rate decrease across the five-year period from 2008 to 2013.

The fastest growing city was Mission, Texas, while Sunrise Manor, Nev., was the slowest growing city, according to the report. Buffalo ranked 196th overall and 99th among medium-sized cities, while Syracuse ranked 235th overall and 108th among the 216 medium-sized cities.

Lehigh Acres, Fla., had the highest population growth from 2008 to 2013, while Roswell, Ga., had the largest population decrease at nearly 3 percent. Kent, Wash., had the highest job growth at nearly 8 percent during the period analyzed, while Gary, Ind., had the largest job decrease at nearly 5 percent.

The highest growth of regional gross domestic product per capita was in Midland, Texas, while the lowest was experienced in seven cities in Nevada including Las Vegas. The highest poverty rate decrease was in Yuma, Ariz., while the lowest was in Ellicott, Md.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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