WalletHub has named the City of Fort Myers as 2017’s seventh fastest growing city in America. This is based on local economic growth.
To determine where the fastest local economic growth has occurred, WalletHub’s analysts compared 515 cities based on 15 measures over a period of seven years. The metrics were based on two key dimensions: Sociodemographics, which includes population growth factors; and jobs and economy, which studied factors like job growth, new businesses, regional GDP and home prices.
Fort Myers experienced the nation’s highest decrease in the poverty rate, declining 2.92 percent during the seven-year study period. Fort Myers also earned the nation’s top ranking in job growth and median house price growth, along with a ninth-place ranking in population growth.
In total, 40 Florida municipalities were included in the study, including Cape Coral at No. 15.