GREELEY — Greeley ranks No. 1 nationwide for growth in jobs and the economy, according to a new study by WalletHub released Oct. 1.
The Weld County seat topped WalletHub’s list of 2018’s Fastest-Growing Cities in America, in the jobs and the economy category, with a score that encompassed a number of factors, including:
- Job growth.
- Increase in ratio of full-time to part-time jobs.
- Median household-income growth.
- Unemployment-rate decrease.
- Poverty-rate decrease.
- Growth in regional gross domestic product per capita.
- Increase in number of businesses.
- Increase in number of startups.
- Increase in venture-capital investment.
- Median house-price growth.
- Building-permit activity growth.
- Foreclosure-rate decrease.
WalletHub provided several rankings to determine the fastest-growing cities in the nation.
“Some cities thrive even through hard economic times while others struggle,” WalletHub said in a press release.
To determine where the fastest local economic growth has occurred in the United States, WalletHub compared 515 cities of varying population sizes based on 15 key measures of both growth and decline over a period of seven years. The company’s data set ranges from population growth to unemployment rate decrease to growth in regional GDP per capita.
Greeley ranked No. 26 overall and No. 93 in the sociodemographics category and first in jobs and the economy. Sociographics encompassed overall population growth, working-age population growth and college-educated population growth.
Fort Myers, Fla., finished No. 1 overall, while Pearland, Texas, claimed the top spot in the sociodemographics category.