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100 of the Fastest-Growing Metro Areas to Consider During the Site Selection Process

by King White, on Apr 18, 2018 8:00:00 AM


Labor scalability has become a critical factor in the site selection process. Population growth is one key indicator that can help you identify high-growth metro areas with potential scalability for a variety of operations such as call centers, distribution centers, headquarters, manufacturing plants, shared service centers, retail and sales centers, and other corporate facilities. To help identify some of these high-growth cities, Site Selection Group evaluated historic and future population growth trends to find the metro areas potentially positioned to outperform the rest of the United States. 

Historic population growth analysis identifies 50 metros to consider

Analyzing historic population growth is one approach to identifying high-growth labor markets to consider during the site selection process. There are really two ways to analyze the data. The first option is to evaluate the net new population growth and the other is to analyze the percentage growth. The net new population growth approach will benefit the large metro areas as they have a larger base population to grow from, which means that even a small percentage growth can equate to a large net new population increase. Conversely, if you calculate percentage growth rate, then smaller metro areas will emerge as it is a lot easier to grow rapidly if starting from a smaller base population. The following tables identify the top 25 metro areas based on highest increase in population between 2013 and 2018 as well as the top 25 metro areas based on the population growth rate within the same time span. 

Top 25 Fastest Growing Metro Areas

Population Increase (2013-2018)

Rank Metro Area State Population Increase
1 Houston-The Woodlands-Sugar Land TX 710,045
2 Dallas-Fort Worth-Arlington TX 661,699
3 Atlanta-Sandy Springs-Roswell GA 428,349
4 Phoenix-Mesa-Scottsdale AZ 414,885
5 Miami-Fort Lauderdale-West Palm Beach FL 345,438
6 New York-Newark-Jersey City NY-NJ-PA 339,709
7 Los Angeles-Long Beach-Anaheim CA 321,657
8 Washington-Arlington-Alexandria DC-VA-MD-WV 311,667
9 Seattle-Tacoma-Bellevue WA 291,326
10 Austin-Round Rock TX 273,086
11 Orlando-Kissimmee-Sanford FL 267,720
12 San Francisco-Oakland-Hayward CA 256,746
13 Denver-Aurora-Lakewood CO 247,609
14 Riverside-San Bernardino-Ontario CA 244,569
15 Tampa-St. Petersburg-Clearwater FL 237,365
16 San Antonio-New Braunfels TX 233,548
17 Charlotte-Concord-Gastonia NC-SC 218,091
18 Las Vegas-Henderson-Paradise NV 204,144
19 Portland-Vancouver-Hillsboro OR-WA 171,265
20 Nashville-Davidson-Murfreesboro-Franklin TN 165,991
21 San Diego-Carlsbad CA 164,731
22 Boston-Cambridge-Newton MA-NH 163,964
23 Minneapolis-St. Paul-Bloomington MN-WI 149,983
24 Raleigh NC 140,257
25 Sacramento-Roseville-Arden-Arcade CA 127,565

Top 25 Fastest Growing Metro Areas

% Population Growth (2013-2018)

Rank Metro Area State % Population Change
1 Williston ND 27.93%
2 The Villages FL 22.98%
3 Heber UT 22.49%
4 Dickinson ND 17.10%
5 Myrtle Beach-Conway-North Myrtle Beach SC-NC 16.48%
6 Bozeman MT 15.29%
7 Cape Coral-Fort Myers FL 14.56%
8 Austin-Round Rock TX 14.50%
9 Bend-Redmond OR 13.97%
10 Greeley CO 13.91%
11 St. George UT 13.18%
12 Midland TX 11.94%
13 Orlando-Kissimmee-Sanford FL 11.80%
14 Punta Gorda FL 11.77%
15 Naples-Immokalee-Marco Island FL 11.75%
16 Raleigh NC 11.55%
17 North Port-Sarasota-Bradenton FL 11.44%
18 Fort Collins CO 11.36%
19 Prineville OR 11.27%
20 Andrews TX 11.27%
21 Houston-The Woodlands-Sugar Land TX 11.23%
22 Provo-Orem UT 11.19%
23 Hilton Head Island-Bluffton-Beaufort SC 11.19%
24 College Station-Bryan TX 10.96%
25 Charleston-North Charleston SC 10.91%

Population growth forecast identifies 50 of the fastest-growing metro areas

Forecasting the future is always a challenging endeavor. However, demographers attempt to utilize complex equations to forecast future demographic conditions. Many of these forecasts are based on historic trends mixed with other variables. As a result, you will often see many of the same metro areas emerge as high-growth locations. Utilizing the same methodology as above, the following tables forecast high-growth metro areas based on net new population and percentage growth between 2018 to 2023.

Top 25 Fastest Growing Metro Areas

Projected Population Increase (2018-2023)

Rank Metro Area State Population Increase
1 Houston-The Woodlands-Sugar Land TX 468,553
2 Dallas-Fort Worth-Arlington TX 448,917
3 Atlanta-Sandy Springs-Roswell GA 290,524
4 Phoenix-Mesa-Scottsdale AZ 282,955
5 New York-Newark-Jersey City NY-NJ-PA 245,347
6 Miami-Fort Lauderdale-West Palm Beach FL 236,812
7 Washington-Arlington-Alexandria DC-VA-MD-WV 230,747
8 Los Angeles-Long Beach-Anaheim CA 227,599
9 Seattle-Tacoma-Bellevue WA 193,628
10 Austin-Round Rock TX 183,305
11 Orlando-Kissimmee-Sanford FL 180,586
12 Riverside-San Bernardino-Ontario CA 178,445
13 San Francisco-Oakland-Hayward CA 168,300
14 Denver-Aurora-Lakewood CO 166,101
15 San Antonio-New Braunfels TX 157,385
16 Tampa-St. Petersburg-Clearwater FL 155,613
17 Charlotte-Concord-Gastonia NC-SC 148,247
18 Las Vegas-Henderson-Paradise NV 142,031
19 Portland-Vancouver-Hillsboro OR-WA 113,034
20 San Diego-Carlsbad CA 112,757
21 Boston-Cambridge-Newton MA-NH 111,686
22 Nashville-Davidson-Murfreesboro-Franklin TN 110,237
23 Minneapolis-St. Paul-Bloomington MN-WI 104,277
24 Raleigh NC 95,806
25 Sacramento-Roseville-Arden-Arcade CA 86,694

Top 25 Fastest Growing Metro Areas Forecasted

Projected % Population Growth (2018-2023)

Rank Metro Area State % Change
1 The Villages FL 12.70%
2 Heber UT 12.01%
3 Williston ND 11.88%
4 Myrtle Beach-Conway-North Myrtle Beach SC-NC 9.13%
5 Cape Coral-Fort Myers FL 8.64%
6 Austin-Round Rock TX 8.50%
7 Bozeman MT 8.29%
8 Greeley CO 8.26%
9 Bend-Redmond OR 8.23%
10 St. George UT 7.90%
11 Dickinson ND 7.40%
12 Orlando-Kissimmee-Sanford FL 7.12%
13 Raleigh NC 7.08%
14 Naples-Immokalee-Marco Island FL 7.02%
15 Midland TX 7.01%
16 Provo-Orem UT 6.96%
17 Punta Gorda FL 6.76%
18 Hilton Head Island-Bluffton-Beaufort SC 6.76%
19 North Port-Sarasota-Bradenton FL 6.70%
20 Houston-The Woodlands-Sugar Land TX 6.66%
21 Daphne-Fairhope-Foley AL 6.60%
22 Charleston-North Charleston SC 6.53%
23 Fayetteville-Springdale-Rogers AR-MO 6.49%
24 Las Vegas-Henderson-Paradise NV 6.37%
25 Andrews TX 6.37%

Conclusions

Many factors should be evaluated when a company searches for the best locations for its headquarters, shared service centers, manufacturing plants, distribution centers, call centers, retail stores or other corporate facilities. Population growth is one of those factors; however, it is important to understand why a metro area is incurring such growth before making a location decision. Other factors that often accompany high-growth markets such as low unemployment, wage inflation and excessive employee attrition should be considered during the site selection process. 

Topics:Call CenterDistribution CentersManufacturingSite Selection GroupSite SelectionLocation Advisory

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