Sebastian Ranks #2 for Southern Booming Economies

Sebastian was ranked number 2 on the list of southern cities where business is booming.
Sebastian was ranked number 2 on the list of southern cities where business is booming.

SEBASTIAN – Sebastian was ranked number 2 on the list of southern cities where business is booming, and salaries are rising, according to CNBC.

To rank the top “boomtowns,” or cities that meet the criteria, the study looked at five-year data on population, housing, GDP and per capita income from the U.S. Census Bureau’s 2017 American Community and the Bureau of Economic Analysis.

The Top 9 Southern Cities:

  1. Naples, Florida
    Personal income growth, 2012 to 2017: 22.8%
    Population growth, 2012 to 2017: 6.8%
    GDP increase, 2012 to 2017: 34%
  2. Sebastian, Florida
    Personal income growth, 2012 to 2017: 20.9%
    Population growth, 2012 to 2017: 9.3%
    GDP increase, 2012 to 2017: 23.5%
  3. Fayetteville, Arkansas
    Personal income growth, 2012 to 2017: 23.4%
    Population growth, 2012 to 2017: 10.4%
    GDP increase, 2012 to 2017: 37.6%
  4. Raleigh, North Carolina
    Personal income growth, 2012 to 2017: 15%
    Population growth, 2012 to 2017: 11%
    GDP increase, 2012 to 2017: 33%
  5. Miami, Florida
    Personal income growth, 2012 to 2017: 17.7%
    Population growth, 2012 to 2017: 10.2%
    GDP increase, 2012 to 2017: 29.4%
  6. Charlottesville, Virginia
    Personal income growth, 2012 to 2017: 17.9%
    Population growth, 2012 to 2017: 7.6%
    GDP increase, 2012 to 2017: 22.4%
  7. Durham, North Carolina
    Personal income growth, 2012 to 2017: 15.8%
    Population growth, 2012 to 2017: 11.9%
    GDP increase, 2012 to 2017: 14.8%
  8. Port St. Lucie, Florida
    Personal income growth, 2012 to 2017: 18%
    Population growth, 2012 to 2017: 9.2%
    GDP increase, 2012 to 2017: 21.1%
  9. Richmond, Virginia
    Personal income growth, 2012 to 2017: 15%
    Population growth, 2012 to 2017: 7.6%
    GDP increase, 2012 to 2017: 22.4%

The report says the Top 9 cities are good alternatives for people who want to avoid notoriously expensive cities, such as New York or San Francisco, because they “offer incentives, such as a more affordable cost-of-living or a higher paycheck — or both,” GOBankingRates reports.

Nationally, Sebastian ranks number 3 on the list.

Sebastian ranks in the top 10 for the highest percentage increase in population, with a five-year population change of 2,042. It also ranks in the top 10 for the highest percentage increase in income due to its five-year wage increase of $12,647.

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About Andy Hodges
Andy Hodges grew up in Jupiter, Florida where he began his career in radio and TV broadcasting for over 12 years. He would make a career change to computer programming. Andy spent seven years working for tech companies in Atlanta before moving to Indian River County in 2002. He returned to the news sector in 2005 as a writer. Andy joined Sebastian Daily in 2016 as our editor in chief.