Phoenix Is The Fastes Growing US City

Newly released Census data reveals Phoenix placed No. 1 on the fastest-growing city list with an increase of 25,288 new residents between 2017 and 2018. The city’s business-friendly environment, plentiful job opportunities, and affordability are likely why the Arizona capital was pushed to the number one spot, says Forbescontributor Brenda Richardson. Other cities that experienced the largest population increases were San Antonio with 20,824, Fort Worth, Texas, with 19,552, Seattle with 15,354, and Charlotte, N.C., with 13,151.
The Great Recession was a wake-up call for Phoenix. Service-sector jobs in hospitality, retail and construction were hit particularly hard. The downturn accelerated the growth of a strong technology-based market in the last decade that has revitalized the metro area’s economy. For example, bioscience and healthcare are big fields here. The workforce in bioscience increased by over 100,000 people from 2007, a near doubling of the manpower.
“We've been adding a lot of jobs in the advanced industries, manufacturing, business and financial services, technology, bioscience and health care,” says Toll. “Those jobs tend to pay higher salaries, they are recession-resistant, and they now make up close to 60% of the metro area workforce. Before the recession in 2007, they only made up 48% of the Phoenix metro workforce.”
The promise of good jobs and good pay has attracted a diverse group of skilled professionals primarily 25 to 45 years old, many of whom are from other states or countries. It’s the largest age group moving in based on 2017 data.

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