Longmont, Greeley named top boomtowns

LONGMONT and GREELEY — Longmont and Greeley are two of the country’s most booming towns, according to SmartAsset’s 2019 Top Boomtown rankings. 

The ranking takes into account factors such as population change, unemployment rate, change in unemployment rate, gross domestic product growth rate, business growth, housing growth and changes in household income. 

Longmont was first in the ranking, while Greeley was fifth. 

Longmont  “leads the way in our study on the top U.S. boomtowns. It ranks in the top 25 percent of the study for all metrics we considered. Its economy has been doing well, as it ranks ninth overall for its yearly GDP growth from 2013 through 2017, at more than 5 percent. Longmont has top-30 rates for its unemployment rate and high five-year housing growth rate, at 2.6 percent and approximately 18 percent, respectively,” according to SmartAsset.

Greeley “ties with Longmont for lowest unemployment rate in the top 10, at 2.6 percent,” the report said. “Our data indicates that Greeley’s economy is thriving: The city experienced a one-year decrease in unemployment rate of 0.5 percent from August 2018 to July 2019 and an annual GDP growth of more than 5 percent in the five-year period from 2014 through 2018.”

LONGMONT and GREELEY — Longmont and Greeley are two of the country’s most booming towns, according to SmartAsset’s 2019 Top Boomtown rankings. 

The ranking takes into account factors such as population change, unemployment rate, change in unemployment rate, gross domestic product growth rate, business growth, housing growth and changes in household income. 

Longmont was first in the ranking, while Greeley was fifth. 

Longmont  “leads the way in our study on the top U.S. boomtowns. It ranks in the top 25 percent of the study for all metrics we considered. Its economy has been doing well, as it ranks ninth overall for its yearly GDP growth from 2013 through 2017, at more than 5 percent. Longmont has top-30 rates for its unemployment rate and high five-year housing growth rate, at 2.6 percent and approximately 18 percent, respectively,” according to SmartAsset.

Greeley “ties with Longmont for lowest unemployment rate in the top 10, at 2.6 percent,” the report said. “Our data indicates that Greeley’s economy is thriving: The city experienced a one-year decrease in unemployment rate of 0.5 percent from August 2018 to July 2019 and an annual GDP growth of more than 5 percent in the five-year period from 2014 through 2018.”