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Home Business News and Economic Updates in Sebastian, Florida

Sebastian Ranks #2 for Southern Booming Economies

Andy Hodges by Andy Hodges
May 7, 2019 / 12:18 PM
A A
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.

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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 using a BitQT robot 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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