Courtesy of WalletHub.com
Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities have figured out the key ingredients and how to stir the pot just right to sustain long-term prosperity. Patterns emerge within those cities, allowing us to identify the contributing factors that perpetuate a lasting cycle of growth.
But the quick path toward success is not as cut and dried for every city. In order to identify the fastest growing local economies, WalletHub’s analysts compared 515 U.S. cities of varying population sizes based on 14 key indicators of rapid economic growth. Our data set — from a period spanning 2009 to 2015 — ranges from “population growth” to “unemployment rate decrease” and “growth in regional GDP per capita.”
In order to identify the most rapidly growing local economies, WalletHub’s analysts compared 515 cities of varying population sizes based on two key dimensions, including “Sociodemographics” and “Jobs & Economy.”
In the “Mid-Size City” category, Murfreesboro ranked 21 st. Clarksville was 35th in the same category. Nashville ranked 21st among large cities.