Site icon AdvisorSmith

Fastest Growing Midsize Cities in America

Fastest Growing Midsize Cities in America

Americans have a plethora of options when considering the types of neighborhoods they want to live in. Midsize cities offer the perfect environment for Americans who want a mix of city life and a small-town feel. In this report, AdvisorSmith examines the midsize cities in the United States whose populations are growing and shrinking the most quickly.

We examined the population growth in 226 midsize, incorporated American cities during the five-year period between 2014 and 2019, using population estimates from the U.S. Census Bureau. Our study examined cities with populations between 100,000 and 250,000 residents at the end of the study period. To determine the fastest-growing cities, we calculated the compounded annual growth rate of the population during a five-year period.

We found that the average midsize city had a population growth rate of 0.8% per year among cities included in our analysis. The growth rates ranged from -1.0% up to 6.7% per year in population growth. Cities in the West and South dominated the list of fastest-growing small cities and were the majority of the shrinking cities. Read on to discover the fastest growing and shrinking midsize cities in the United States.

Fastest Growing Midsize Cities in the United States

1. Frisco, TX

Located in the Dallas-Fort Worth metroplex, Frisco is the fastest-growing midsize city in our study. In the late 1990s, suburban development in Frisco sparked rapid growth that continued into the 2000s. Frisco has sustained its fast growth rate, and it may be attributed to the city’s economic decisions, including aggressive pursuit of corporate employers, retail development, and entertainment attractions, like professional sports. Frisco is home to five professional sports teams: the Dallas Cowboys Headquarters, the Dallas Stars Headquarters, FC Dallas, the Frisco RoughRiders, the Texas Legends. Additionally, Frisco uses a fractional percent of local sales tax to fund the Frisco Economic Development Corporation, further contributing to spurring the regional economy. From 2014 to 2019, the population grew from 144,965 residents to 200,490 residents, for an annualized growth rate of 6.7%.

2. Meridian, ID

Meridian is located in Ada County, Idaho and is considered the state’s fastest-growing city. The annual growth rate of the city between 2014 and 2019 was 5.1% as the population grew from 89,174 residents to 114,161 residents. New residents are attracted to the city’s abundance of natural attractions as the city’s parks and recreation department manages 17 public parks. Blue Cross of Idaho, Citigroup, and Scentsy are a few of the major companies that are helping to drive the economy in Meridian.

3. McKinney, TX

A northeastern city in Texas, McKinney is situated in Collin County, Texas. The prominent public school system and abundance of employers such as Raytheon Space and Airborne Systems make the city an attractive place to live. The population of McKinney increased from 157,143 residents to 199,177 residents in the span of five years, from 2014 to 2019. The annual growth rate of the city during this time period was 4.9%.

4. Murfreesboro, TN

The largest suburb in Nashville, Murfreesboro is located in Rutherford County of central Tennessee. The city is home to Middle Tennessee State University, the second-largest university in the state. Music plays a large role in the city’s community as several music-oriented events occur in Murfreesboro annually such as the Main Street Jazzfest. From 2014 to 2019, Murfreesboro’s population grew from 120,808 residents to 146,900 residents. The annual growth rate for the city during this time period was 4.0%.

5. Bend, OR

Located in Deschutes County, Oregon, Bend is central Oregon’s largest city. The city is attractive to both its residents and visitors due to the abundance of natural attractions such as skiing, mountain biking, fishing, camping, and much more. Tourism serves as one of Bend’s largest economic sectors as the Cascade Lakes and Mount Bachelor ski resort draws in tourists from all over the world. The population of the city increased from 83,526 residents in 2014 to 100,421 residents in 2019, for an annualized growth rate of 3.8%.

Below is a list of the 50 fastest-growing midsize cities in the United States during 2014-2019. Texas led the study with 14 cities in the top 50, and the rest of the list was dominated by cities in California, Oregon, Arizona, and Florida. Other states that made the top 50 were South Dakota, North Carolina, Idaho, Colorado, Tennessee, North Dakota, South Carolina, Nevada, Indiana, and Washington. No midsize northeastern cities appeared in the top 50 list. Most of the top 40 midsize cities were located in the suburbs of metropolitan areas in southern and western states.

RankCityStatePopulation (2014)Population (2019)Growth Rate 2014-2019
1FriscoTX 144,965 200,490 6.7%
2MeridianID 89,174 114,161 5.1%
3McKinneyTX 157,143 199,177 4.9%
4MurfreesboroTN 120,808 146,900 4.0%
5BendOR 83,526 100,421 3.8%
6Round RockTX 112,665 133,372 3.4%
7Port St. LucieFL 172,669 201,846 3.2%
8Cape CoralFL 168,365 194,495 2.9%
9PearlandTX 106,027 122,460 2.9%
10ChicoCA 89,491 103,301 2.9%
11League CityTX 94,121 107,536 2.7%
12College StationTX 103,469 117,911 2.6%
13MidlandTX 128,352 146,038 2.6%
14ClovisCA 101,904 114,584 2.4%
15AllenTX 94,215 105,623 2.3%
16EdinburgTX 90,342 101,170 2.3%
17PeoriaAZ 157,770 175,961 2.2%
18TempeAZ 175,636 195,805 2.2%
19RichardsonTX 109,134 121,323 2.1%
20SparksNV 94,561 105,006 2.1%
21SurpriseAZ 127,880 141,664 2.1%
22DentonTX 128,217 141,541 2.0%
23CarmelIN 91,569 101,068 2.0%
24KilleenTX 137,589 151,666 2.0%
25RosevilleCA 128,397 141,500 2.0%
26OntarioCA 168,097 185,010 1.9%
27Sioux FallsSD 167,050 183,793 1.9%
28LakelandFL 102,034 112,136 1.9%
29GreeleyCO 99,055 108,649 1.9%
30CaryNC 155,439 170,282 1.8%
31Jurupa ValleyCA 100,080 109,527 1.8%
32HillsboroOR 99,827 109,128 1.8%
33ThorntonCO 129,479 141,464 1.8%
34WilmingtonNC 113,320 123,744 1.8%
35Spokane ValleyWA 92,569 101,060 1.8%
36Palm BayFL 106,237 115,552 1.7%
37BellevueWA 136,275 148,164 1.7%
38Fort CollinsCO 156,804 170,243 1.7%
39SalemOR 160,675 174,365 1.6%
40CarrolltonTX 128,349 139,248 1.6%
41ClarksvilleTN 145,899 158,146 1.6%
42North CharlestonSC 106,754 115,382 1.6%
43Sandy SpringsGA 101,371 109,452 1.5%
44OdessaTX 114,430 123,334 1.5%
45FargoND 115,715 124,662 1.5%
46EugeneOR 160,260 172,622 1.5%
47MurrietaCA 108,037 116,223 1.5%
48Elk GroveCA 162,701 174,775 1.4%
49West Palm BeachFL 104,314 111,955 1.4%
50WacoTX 129,860 139,236 1.4%

Fastest Shrinking Midsize Cities in the United States

The table below shows 50 midsize cities in the United States that were shrinking the fastest from 2014-2019. California was at the top of the list with 15 cities. Southern and western states each had 16 cities in the top 50, while there were 11 cities from the Midwest and only seven in the Northeast. Although many cities on the list show signs of economic decline, some of the cities on the list are very prosperous. Wealthy, midsize cities were also included on the list such as Thousand Oaks in California. The data displays how economic growth is not always directly correlated to population growth, as the population dwindles in these types of cities due to poor housing affordability and low levels of construction of new housing.

RankCityStatePopulation (2014)Population (2019)Growth Rate 2014-2019
1JacksonMS 172,014 160,628 -1.4%
2ShreveportLA 198,259 187,112 -1.2%
3PeoriaIL 115,955 110,417 -1.0%
4Baton RougeLA 227,851 220,236 -0.7%
5SpringfieldIL 117,489 114,230 -0.6%
6RockfordIL 149,378 145,609 -0.5%
7MesquiteTX 144,508 140,937 -0.5%
8InglewoodCA 110,840 108,151 -0.5%
9ColumbusGA 200,563 195,769 -0.5%
10BridgeportCT 147,870 144,399 -0.5%
11HamptonVA 137,680 134,510 -0.5%
12TorranceCA 146,845 143,592 -0.4%
13West CovinaCA 107,447 105,101 -0.4%
14Santa RosaCA 180,585 176,753 -0.4%
15NorwalkCA 106,189 103,949 -0.4%
16PasadenaTX 154,447 151,227 -0.4%
17HartfordCT 124,665 122,105 -0.4%
18MobileAL 192,582 188,720 -0.4%
19BurbankCA 104,405 102,511 -0.4%
20EvansvilleIN 120,153 117,979 -0.4%
21WaterburyCT 109,524 107,568 -0.4%
22DowneyCA 113,091 111,126 -0.3%
23RochesterNY 209,329 205,695 -0.3%
24TopekaKS 127,489 125,310 -0.3%
25Garden GroveCA 174,423 171,644 -0.3%
26NorfolkVA 246,576 242,742 -0.3%
27MontgomeryAL 201,435 198,525 -0.3%
28Thousand OaksCA 128,636 126,813 -0.3%
29SyracuseNY 144,331 142,327 -0.3%
30LancasterCA 159,634 157,601 -0.3%
31WarrenMI 135,666 133,943 -0.3%
32Newport NewsVA 181,522 179,225 -0.3%
33AuroraIL 200,189 197,757 -0.2%
34PalmdaleCA 156,770 155,079 -0.2%
35BirminghamAL 211,651 209,403 -0.2%
36DavenportIA 102,471 101,590 -0.2%
37Miami GardensFL 110,943 110,001 -0.2%
38BeaumontTX 117,812 116,825 -0.2%
39MaconGA 154,329 153,159 -0.2%
40AkronOH 199,008 197,597 -0.1%
41IndependenceMO 117,505 116,672 -0.1%
42GreshamOR 110,029 109,381 -0.1%
43OrangeCA 139,424 138,669 -0.1%
44DaytonOH 141,117 140,407 -0.1%
45Wichita FallsTX 105,208 104,683 -0.1%
46SpringfieldMA 154,376 153,606 -0.1%
47Simi ValleyCA 126,239 125,613 -0.1%
48PatersonNJ 145,911 145,233 -0.1%
49VenturaCA 109,535 109,106 -0.1%
50PomonaCA 152,225 151,691 -0.1%

Methodology

In this study, we analyzed the population growth rates of midsize cities in the United States. Cities selected for this analysis had a minimum population of 100,000 and a maximum population of 250,000 in the year 2019. This study measured the compounded annual growth rate of city populations between 2014 through 2019 based upon population estimates provided by the U.S. Census Bureau.

After calculating the compounded annual growth rate of the population for each city, we ranked the cities based upon their growth rates and found the top 50 midsize cities that are growing the most quickly and the 50 midsize cities that are shrinking the fastest.

Sources

1. U.S. Census Bureau, City and Town Population Totals: 2010-2019

Exit mobile version