Report: Frisco, Texas, Tops List Of Top 10 Fastest Growing Mid-Sized Cities In The US

KEY POINTS

Frisco, Texas, topped AdvisorSmith's top 10 list of the fastest growing mid-sized cities in the U.S., with three other cities in Texas making the list
This was attributed to suburban development in Frisco during the late 1990s and the presence of corporate interests, including professional sports, in the city
The growth of mid-sized cities come as big cities like New York City has seen a decline in its population, which has continued amid the coronavirus pandemic

Frisco, Texas, a suburb of Dallas, is the fastest growing mid-sized city in the U.S., according to a report released Tuesday. Texas was also to be home to three other of the fastest growing mid-sized cities as people looked to find cities that don’t have the hustle and bustle of the big cities.

The report comes from AdvisorSmith, which examined the population growth of over 200 mid-sized cities across the U.S. between 2014 and 2019.

“We examined the population growth in 226 midsize, incorporated American cities during the five-year period between 2014 and 2019, using population estimates from the U.S. Census Bureau,” the report said. “Our study examined cities with populations between 100,000 and 250,000 residents at the end of the study period. To determine the fastest-growing cities, we calculated the compounded annual growth rate of the population during a five-year period.”

The top 10 growing cities were listed as:

Frisco, Texas
Meridian, Idaho
McKinney, Texas
Murfreesboro, Tennessee
Bend, Oregon
Round Rock, Texas
Port St. Lucie, Florida
Cape Coral, Florida
Pearland, Texas
Chico, California

AdvisorSmith attributed the growth of Frisco to suburban development in the city that began in the late 1990s, which incentivized relocation into the small but booming city. Corporate interests in the city have also helped incentivize growth, with the NFL’s Dallas Cowboys and NHL’s Dallas Stars respective headquarters located in Frisco.

This boom for mid-sized cities comes as big cities across the U.S. have seen population decline in the last few years, which has only accelerated thanks to the coronavirus pandemic. One example of this was seen in New York City. The U.S. Census said in a 2019 report the population fell for the first time in nearly a decade, dropping from 8.438 million in 2017 to 8.4 million in 2018 and 8.336 million in 2019.

One of the reasons attributed to the decline was a decrease in immigration over the last decade, which was intensified by harsher immigration policies enacted by the Trump Administration.