This North Carolina town ranks as the state’s No. 1 ‘boomtown.’ Why it’s special
A North Carolina town is growing fast — and it’s now the state’s “biggest boomtown,” a new report finds.
The Raleigh suburb Apex ranked No. 1 on the list of places experiencing changes in the number of residents and their incomes.
“Boomtown. The word sounds like it’s describing an explosion — and in a way, it is,” the personal finance website GOBankingRates wrote in its Oct. 30 report. “Boomtowns are fast-growing cities, due to rapid business and population growth.”
To create the list of top “boomtowns” in each state, the website said it focused on places with populations between 25,000 and 500,000. Using data from the U.S. government and other sources, it studied trends in housing, income and population growth since 2014.
What makes Apex special?
Apex — which says it’s home to an estimated 79,000 people — is southwest of Raleigh. The town isn’t a stranger to receiving wide acclaim.
Earlier this year, the financial websites SmartAsset and WalletHub named Apex among the nation’s best small cities to call home. In those studies, Apex received high marks for affordability and other economic factors but didn’t fare as well when it came to entertainment options, McClatchy News reported.
This time around, Apex topped the list of North Carolina “boomtowns” after it was found to have a per-capita income of $55,896, up 35.9% since 2014.
GOBankingRates, which reports Apex has a population of 65,000, said the number of residents has grown by 38%. The town also was found to have a double-digit percentage increase in its number of occupied housing units, results show.
This story was originally published November 12, 2024 at 9:53 AM with the headline "This North Carolina town ranks as the state’s No. 1 ‘boomtown.’ Why it’s special."
