Northeast Utah Dominates ‘Cities on the Rise’ NerdWallet study considers population, employment and income growth
San Francisco, CA (July 1, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the fastest-growing cities in Utah. Included in the top ten (listed in order of rank) are: Holladay, Provo, Clearfield, Riverton, Roy, Springville, Lehi, Clinton, Spanish Fork and South Salt Lake. To find the fastest-growing cities in Utah, NerdWallet evaluated towns and census-designated places and examined the following variables:
- Population growth
- Employment growth
- Income growth
Utah is growing fast: the state’s population has doubled in the past 30 years, and planners expect the state will add another 2.5 million people by 2050. Two cities in this region, Lehi and South Jordan, are among the 10 fastest-growing cities in the nation, according to the U.S. Census Bureau. Along with growth in residents, the state is becoming a destination for entrepreneurs seeking a stable and secure environment to invest and grow their businesses. A wide range of industries call the Beehive state home, among them durable goods manufacturing, the life sciences, financial services and the high-tech sector. “Utah’s cities on the rise are among the fastest-growing in the nation,” said Maggie Clark, an analyst with NerdWallet. “The state’s booming technology sector in the Silicon Slopes region, combined with having the nation’s lowest median age (30.2 years old) and high birth rates will keep Utah among the nation’s fastest-growing states for years to come,” said Clark. See the study here and the full list of cities and their rankings here.
About NerdWallet NerdWallet is a consumer-friendly financial literacy website that helps consumers make better decisions about their personal finances and more. We have been featured in The New York Times, Wall Street Journal, and Reuters; consumer advocates Liz Weston and Clark Howard have recommended our products. Media Contact Christine Kim | Christine@nerdwallet.com