Americans are flocking to these 9 cities where incomes are up 20% or more (via CNBCMakeIt)
Personal finance websitewith populations of 500,000 or under, looking for places experiencing a combination of economic prosperity, population growth and rising incomes. To rank the top "boomtowns," or cities that meet these criteria, the site 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.
In several of these places, incomes increased 20% or more from 2012 to 2017. In contrast to notoriously expensive cities such as New York or Los Angeles, these metro areas "offer incentives, such as a more affordable cost-of-living or a higher paycheck — or both,"Below, check out nine cities where personal income has gone up significantly in recent years, ranked by wage growth.Population growth, 2012 to 2017: 6.1%Personal income growth, 2012 to 2017: 20.
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