Large, Mid-Size, and Small U.S. Cities Ranked
Mesa, Phoenix, Gilbert, Chandler, and Surprise are all among the top U.S. cities for economic growth, according to a recent analysis from CoworkingCafe. For large cities (500k+), Mesa ranked #1 and Phoenix #3. In mid-size cities (population between 250k-500k), Gilbert ranked #1 and Chandler ranked #3. And in the top-ranked small cities (population under 250k) for economic growth, Surprise ranked #5 in the U.S.
As the U.S. economy continues to navigate the complexities of a post-pandemic world, certain cities have emerged as beacons of prosperity and growth. The national economic landscape is characterized by a resurgence in job creation, an increase in consumer spending and significant technological advancements. Amidst these trends, cities that adapt to changing economic conditions and leverage their unique assets are thriving.
With this in mind, we looked at the latest available data to identify the top cities fostering economic growth. By assessing metrics such as population growth, GDP, employment rates, trade activity, and other economic indicators, we’ve compiled a detailed report showcasing these thriving urban centers. This article will delve into the top cities for economic growth, divided into three sections: small cities with populations under 250,000, mid-sized cities (between 250,000 and 500,00), and large cities (over 500,000).
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Mesa, AZ, leads the list for large cities, driven by impressive gross domestic product (GDP) growth of 38% between 2018 and 2022 and employment growth of 2%. Infrastructure also improved in the four year timeframe in Mesa, registering an uptick of 34%. This robust economic performance can be linked to several strategic initiatives and factors. Mesa’s focus on diversifying its economy has attracted numerous tech companies, bolstering the city’s GDP and creating high-quality jobs. Additionally, the city’s investment in infrastructure, including transportation and public amenities, has made it a more attractive place for businesses and residents alike.
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Phoenix, AZ, ranks third, bolstered by an evolving infrastructure and growing GDP. But those are not the only metrics where Phoenix stands out. 54% more business applications were registered between 2018-2022, reaching an impressive total of 83,305. This surge in entrepreneurial activity has been accompanied by a 2% drop in the unemployment rate, indicating a dynamic but competitive job market.
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Leading the mid-sized city category, Gilbert, AZ, excels with a total score of 67, almost 10 points ahead of runner-up Jersey City. This is mostly driven by a substantial GDP growth of 38%, the second highest among mid-sized cities. One sign that Gilbert is growing beyond expectations is its uptick in infrastructure and housing units. People are choosing Gilbert as a place to move or grow their family more than they did in 2018. As a result, in 2022, the city’s population was 10% higher. Known for its high quality of life, Gilbert offers excellent schools, parks, and a strong sense of community, making it a desirable place to live and work.
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Meanwhile, Chandler, AZ, ranks third for this population bracket. The city has experienced improvements in infrastructure evolution, scoring best for this metric with a 34% growth. Another sign of Chandler’s economic advancement is the 38% uptick in GDP, as it continues to thrive within the Phoenix-Mesa-Chandler metropolitan area. The city’s business-friendly environment and strategic investments have spurred its economic success. Chandler is home to several high-tech manufacturing firms and a growing number of startups, contributing to its dynamic economy.
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Surprise, AZ, rounds out the list, trailing behind Murfreesboro. The city stands out with a 38% uptick in GDP and is ranked 4th among small cities with one of the best- evolving infrastructures. Surprise, Arizona, offers a blend of small-town charm and big-city amenities, making it an attractive place for families, retirees, and businesses alike.