Seattle among the Top 10 ‘boomtowns’ in America

by Lindsey Wells

Seattle was ranked as one of the top “boomtowns” in America for 2021, according to a study by SmartAsset. Washington’s Vancouver, Bellingham, Tacoma and Spokane Valley also made the list. 

The study analyzed data from 500 of the country’s largest cities. Metrics included population change, unemployment rate, change in unemployment rate, gross-domestic-product growth rate, business growth, housing growth and change in household income.

Seattle ranks in the top 10% of cities for four metrics. It has the 29th-highest five-year population change (11.84%) and the eighth-highest average yearly GDP growth rate (about 7%). Additionally, from 2014 to 2019, the number of housing units grew by 14.64%, and median household income increased by 44.40%.

As a whole, the U.S. is recovering well from the economic fallout of COVID-19, according to new data from the Bureau of Economic Analysis. In the second quarter, real GDP exceeded its pre-pandemic level. This rebound comes exactly a year after real GDP hit its lowest point during the COVID-19 crisis.

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