Business is booming as opportunity continues to soar in Round Rock, landing the city at No. 25 on SmartAsset’s 2021 edition of the Top Boomtowns in America.
The U.S. recently hit a large milestone on the road to recovery from the economic fallout of COVID-19. In the second quarter of 2021, real gross domestic product (GDP) exceeded its pre-pandemic level, according to Bureau of Economic Analysis data. National signs of growth are apparent at local levels, with some communities bouncing back faster and stronger than others.
As the report notes, Round Rock is among the top tier of local economies even as “many other communities across the country continue to struggle with high levels of unemployment and depressed economic growth.”
To find the top boomtowns in America, SmartAsset analyzed the most recently available economic data for 500 U.S. cities. The company considered the following seven metrics: population change, unemployment rate, change in unemployment rate, GDP growth, business growth, housing growth and change in household income.
Round Rock ranked in the top 20 percent of the study for five of the seven metrics: population growth, GDP growth, growth in the number of local businesses, growth in the number of local housing units and low August 2021 unemployment rate.
To view the full study, including ranking methodology, visit http://smartasset.com/data-studies/top-boomtowns-in-america-2021.