One could argue home prices are the best single metric for determining how great a place is — that whole supply and demand thing.
But, just like happiness, money can’t tell you everything about how great a place is. Instead, look at cities with people kicking down doors to get a chance to live there.
We are, of course, talking about the fastest growing cities in America. These hot pockets of demand that you better snatch up while still possible.
For reference, America’s annual population growth rate during this time period was .75% good for 4.5% overall, so anything over that grew really fast.
The 10 Fastest Growing Cities In The United States For 2023
What’s the fastest growing city in America for 2023? Well look at that — Frisco is the fastest growing large city in America according to the most recent Census data.
In fact, it seems like people have been listening to our rankings as many of the best places in each state are in the top ten here.
So maybe that whole price of houses thing might eventually correlate with city growth as it seems to have done in Frisco. Guess I should have moved there instead of Durham 6 years ago.
To see exactly how we calculated these rankings, read on. Or if you’re not looking to move where all the cool kids are going, check out:
The 10 Fastest Growing Cities In America For 2023
Proving the basic concepts of economics, Frisco shows that the fastest growing city in the US costs a bunch to live in also — it’s one of the richest cities in the country according to our data.
In terms of population growth, 82.62% growth in a 11 year period comes out to a 5.89% compound annual growth rate. That’s about 8x faster than the US as a whole.
Population Now: 188,387
Population 2010: 103,158
Absolute Change: 85,229
Percent Change: 82.6%
More on Frisco: Real Estate | Crime | Cost Of Living
There’s a pretty big drop between the 2nd and 3rd fastest growing cities as McKinney has ‘only’ had a 61.14% growth. That’s still good for 6.5x the American average.
Population Now: 191,197
Population 2010: 118,652
Absolute Change: 72,545
Percent Change: 61.1%
More on Mckinney: Real Estate | Crime | Cost Of Living
For Idaho, Meridian counts as a major metropolis. With 107787 residents, it ranks among the state’s biggest cities. As it turns out, it also represents a boom town, with its population climbing 56.32% in a 10-year span.
Why are these people flocking to Meridian? Well, quietly, this has become a regional economic hub. The town provides a home for both the state police and Blue Cross of Idaho. It also has major cultural attractions, such as the Meridian Symphony Orchestra.
Population Now: 107,787
Population 2010: 68,953
Absolute Change: 38,834
Percent Change: 56.3%
More on Meridian: Real Estate | Crime | Cost Of Living
Oh, sugar, Sugar Land, what a place to be. It’s the 4th fastest-growing city in America thanks to 55.84% since 2010.
So you could pour some sugar on Sugar Land, where sugar would be people.
Population Now: 118,563
Population 2010: 76,080
Absolute Change: 42,483
Percent Change: 55.8%
More on Sugar Land: Real Estate | Crime | Cost Of Living
It’s at this point that you’ll begin to realize that Texas dominates the top ten. Pearland ranks as the 5th fastest growing large city in America and is the smallest in the top ten.
In fact, Pearland wouldn’t have even had enough people to qualify for the 100,000 person threshold in 2010 — it broke that mark for the first time in 2015.
Population Now: 125,817
Population 2010: 82,748
Absolute Change: 43,069
Percent Change: 52.0%
More on Pearland: Real Estate | Crime | Cost Of Living
Well, I’ve never heard of Kent until now, but apparently it’s a happening place on the west coast. With a population increase of over 45.38%, it has to be pretty sweet.
That growth puts it at about 8x the US average too.
Population Now: 130,038
Population 2010: 89,446
Absolute Change: 40,592
Percent Change: 45.4%
More on Kent: Real Estate | Crime | Cost Of Living
Heading back to Texas, Round Rock rocks out in the 7th spot.
Along with Pearland, it only recently broke the 100k population threshold — 2012 to be exact.
Population Now: 128,812
Population 2010: 93,092
Absolute Change: 35,720
Percent Change: 38.4%
More on Round Rock: Real Estate | Crime | Cost Of Living
And coming in 8th in our top ten fastest growing cities in the US is Murfreesboro, TN.
The first city from the South to make the list, it jumped into the top ten for the first time a couple of years ago.
Population Now: 141,704
Population 2010: 102,602
Absolute Change: 39,102
Percent Change: 38.1%
More on Murfreesboro: Real Estate | Crime | Cost Of Living
There’s somehow more Texas cities in the list this year than last year. In this case, League City just broke the 100,000 mark we use and has been appearing on lists left and right this year — from safest places to live to affordable. Therefore, it would make sense to see them here as one of the fastest growing.
The city has grown 37.32% since 2010.
Population Now: 105,410
Population 2010: 76,764
Absolute Change: 28,646
Percent Change: 37.3%
More on League City: Real Estate | Crime | Cost Of Living
California makes an appearance for the first time with Irvine coming in at the 10th spot.
I would have expected more California cities on the list, but I guess population growth in earlier in the 2000s set the bar too high. Irvine added 73,577 people in this frame.
Population Now: 272,694
Population 2010: 199,117
Absolute Change: 73,577
Percent Change: 37.0%
More on Irvine: Real Estate | Crime | Cost Of Living
Methodology: How We Determined The Fastest Growing Cities in The US for 2023
There are a couple of ways to measure how fast a city is growing:
- % Change Year Over Year
- % Change This Decade
- Absolute change in population
We went with option two for this analysis — how much have these cities grown since 2010 through the end of 2021 (The most recently available data from the 2017-2021 American Community Survey).
We also limited the analysis to the 305 cities in America over 100,000 people — you know, because cities are big.
We looked at the percentage change in the population from 2010 until 2021 for each city using the classic formula:
((B – A) / A) * 100
We then ranked each city from largest change to smallest change. Frisco, the fastest growing city, had a 82.6% increase in population. Detroit actually had a population loss of 82.62%, good for the worst in America. I guess it just didn’t want to break double digits. You can download the data here.
Here’s a look at the top ten fastest growing major cities in America for 2023.
Summary: The Fastest Growing Big Cities in the United States
After measuring the populations of every major city in America for both now and 2010, we are left with Frisco as the fastest growing city in the US.
My plan now? Go buy a home in a small city ranked like 20-30. I’m sure they are going to be getting much more popular in the years to come.
And for those playing at home, here’s a look at the slowest growing cities in America:
For more reading, check out: