Texas and Florida are quickly becoming the nation’s growth powerhouses, replacing long-time titans California and New York. Eight of the 10 fastest-growing metropolitan regions in the country are in the South, with five of those being from Florida and a solid performance from Texas, said a new LendingTree report. This is eloquent proof that the region is booming on many economic fronts.
How growth was measured
LendingTree polled 100 of the country’s largest metro areas using 2021-2023 data. Three primary areas were analyzed:
- People and residences
- Jobs and salaries
- Economy and business
Variables like rising GDP, housing growth, population development, employment, and employer numbers were all considered.
Top 5 fastest growing cities
1. Austin, Texas
Austin took the No. 1 spot overall. The city topped both “people and housing” and “business and economy.” Its economy grew 14.6% between 2021 and 2023, the highest of any metro area. With its tech industry and reputation as a lively, young city, Austin continues to attract new workers and residents.
2. Orlando, Florida
Orlando placed second and led the nation in the “work and earnings” category. Known for its tourist industry, Orlando is also increasingly becoming a technology and business services center, positioning it as a key job center for Florida.
3. North Port, Florida
Adjoining Sarasota, North Port is growing fast in population, housing, and economic output. The robust GDP and real estate expansion of the city gave it a top-three status.
4. Nashville, Tennessee
Also known as “Music City,” Nashville comes in fourth place. With a total score of 69.5, the city is thriving thanks to its booming entertainment industry, healthcare sector, and increasing population.
5. Cape Coral, Florida
Cape Coral posted a 12.3% gain in GDP and a notable increase in employer identification numbers. Those business activity measurements gave it the No. 2 spot in “business and economy.” Its livability and location draw businesses and families alike.
The rest of the top 10 cities
The remaining cities that fill out the top 10 are:
- Colorado Springs, Colorado
- Charleston, South Carolina
- Lakeland, Florida
- Deltona, Florida
- Denver, Colorado
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Why Florida and Texas are winning
Florida is ranked so high due to its pro-business climate, absence of state income tax, and robust higher education system that offers a stable workforce. Texas, similarly, offers affordable living and a budding tech economy, specifically in Austin and Dallas.
A positive national trend
LendingTree found nearly all of the urban areas in the study saw a drop in unemployment during 2021-2023. As of June 2025, the nation’s unemployment rate is at 4.1%, showing growth isn’t limited to just one area, although the South is firmly in the lead.
