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:
- Naples, Florida
Personal income growth, 2012 to 2017: 22.8%
Population growth, 2012 to 2017: 6.8%
GDP increase, 2012 to 2017: 34% - Sebastian, Florida
Personal income growth, 2012 to 2017: 20.9%
Population growth, 2012 to 2017: 9.3%
GDP increase, 2012 to 2017: 23.5% - Fayetteville, Arkansas
Personal income growth, 2012 to 2017: 23.4%
Population growth, 2012 to 2017: 10.4%
GDP increase, 2012 to 2017: 37.6% - Raleigh, North Carolina
Personal income growth, 2012 to 2017: 15%
Population growth, 2012 to 2017: 11%
GDP increase, 2012 to 2017: 33% - Miami, Florida
Personal income growth, 2012 to 2017: 17.7%
Population growth, 2012 to 2017: 10.2%
GDP increase, 2012 to 2017: 29.4% - Charlottesville, Virginia
Personal income growth, 2012 to 2017: 17.9%
Population growth, 2012 to 2017: 7.6%
GDP increase, 2012 to 2017: 22.4% - 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% - 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% - 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.
