With its rapidly increasing population, swift home-building initiatives, and a robust economy, a Southern suburb has emerged as America’s top boomtown.
Georgetown, Texas, has claimed the top spot among 400 U.S. cities, recognized as the nation’s latest boomtown. This vibrant community is experiencing significant growth in both population and economic sectors, as highlighted in a recent study by Smart Asset.
The study by the personal finance website examined cities with populations of 65,000 or more, evaluating growth through changes in employment, housing, and economic status over a five-year period.
From 2019 to 2024, Georgetown saw a 34 percent increase in both housing development and workforce expansion.
This cherished suburb is highly regarded for its safety, welcoming environment for families, and attractiveness to retirees.
The local culinary scene is being invigorated by new establishments like Haji Moto and Sovian Restaurant & Cocktail Lounge, which are catering to the evolving tastes of the growing community.
Georgetown isn’t the only Texas city on the list – in fact, the Lone Star State dominates it.
Texas nearly swept the top five boomtown spots in the nation. Georgetown led the rankings, followed by fellow Central Texas cities New Braunfels at No 2 and Leander at No 4.
New spots and restaurants in Georgetown, Texas, like Haji Moto (pictured) are emerging to meet the needs of the population boom
Out of 400 US cities, Georgetown, Texas, was ranked as Americas No 1 boomtown
Historic buildings line the Austin Avenue street in Georgetown, Texas
Lewisville, a suburb in the Dallas – Fort Worth area, rounded out the top five at No 5, while Lehi, Utah was the only non-Texas city to break into the group, landing at No 3.
Texas has 18 of the 75 fastest-growing cities in the US, according to the report, second only to Florida, which has one more.
The report says that population growth and rising business activity can give a city a noticeable boost, but rapid changes can also transform a community in ways residents might not expect.
‘In recent years, some American cities stand out for attracting people, investment and development at a pace that sets them apart,’ the report said.
‘Boomtown status does not mean growth benefits everyone equally, but it does reflect a city’s expanding economic capacity and the new opportunities that come with it.’
Join the discussion
Is the rapid growth of Texas cities improving life or causing more problems for locals?
Sovian Restaurant and Cocktail Lounge in Georgetown Texas
Dallas (pictured) stands out for its strong transportation access, relatively low cost of living, and business-friendly climate. Lewisville, a suburb in the Dallas – Fort Worth area, rounded out the top five at No 5
Homes in Leti, Utah, this boomtown ranks No 3
In the Austin region, Leander saw a 48 percent rise in housing over the past five years, along with a 25 percent increase in its workforce, according to the report.
Meanwhile, Austin itself ranked No 37, with housing units up 17 percent and its labor force growing 6 percent since 2019.
Other Texas city honorable mentions include: Cedar Park at No 28, Temple at No 29, Round Rock at No 43, and Pflugerville at No 60.
