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.