Make room: the freeways look to be getting more clogged, and the rent may be getting darn well higher in the near future. But businesses will likely see an increase in disposable income and purchasing power among our city’s residents, according to rankings recently released by Forbes.
The magazine listed the Los Angeles-Long Beach metropolitan area the sixth fastest-growing city in the U.S., according to new Census data numbers, with 85,671 in population gain between July 2014 and July 2015. It noted that while the metropolitan area experienced gains, it was generally behind the curve of rapid increases experienced by cities along the Sun Belt and just west of the Mississippi—such as Denver and Las Vegas.
Of the metropolitan areas listed, half were located in the Old Confederacy.
The cities coming out on top in the rankings included:
- Houston-The Woodlands-Sugar Land, TX (population increase of 159,083)
- Dallas-Fort Worth-Arlington, TX (population increase of 144,704)
- Atlanta-Sandy Springs-Roswell, GA (population increase of 95,431)
- Phoenix-Mesa-Scottsdale, AZ (population increase of 87,988)
- New York-Newark-Jersey City, NY-NJ (population increase of 87,186)
- Los Angeles-Long Beach-Anaheim, CA (population increase of 85,671)
- Miami-Fort Lauderdale-West Palm Beach, FL (population increase of 75,231)
- Washington-Arlington-Alexandria, DC-VA-MD-WV (population increase of 63,793)
- Seattle, Tacoma, Bellevue, WA (population increase of 60,714)
- Orlando-Kissimmee-Sanford, FL (population increase of 60,409)