Southern States Dominate U.S. Growth Rankings, With Texas and Florida Leading the Way

In a booming testament to southern economic vitality, new data from LendingTree highlights that the fastest-growing metro areas in the United States are overwhelmingly located in red states especially Texas and Florida. Out of the top 10 “boomtowns” named in the report, eight are in the South, with Florida claiming half the list.

The report examined the country’s 100 largest metro areas based on a mix of factors, including job creation, housing growth, income levels, population trends, and overall business performance between 2021 and 2023. LendingTree grouped its findings into three key categories: “People and Housing,” “Work and Earnings,” and “Business and Economy.”

Austin, Texas earned the distinction of being the fastest-growing metro in the nation, topping all three categories. The city’s gross domestic product (GDP) surged by an impressive 14.6% during the two-year period a reflection of the capital’s appeal as a hub for innovation, talent, and investment.

Right behind Austin was Orlando, Florida, which posted the highest score in the “Work and Earnings” category. Known for its tourism and expanding tech sector, Orlando continues to attract a diverse workforce and major employers alike.

Other booming metros include:

• North Port, FL – Benefiting from expanding housing and population in the Southwest region.
• Nashville, TN – With its cultural cachet and business-friendly environment, Music City continues to shine.
• Cape Coral, FL – Notable for a 12.3% GDP increase and a big jump in new business registrations.

Rounding out the Top 10 Boomtowns:

• Colorado Springs, CO
• Charleston, SC
• Lakeland, FL
• Deltona, FL
• Denver, CO

Why Are These Southern Cities Thriving?

Experts point to several regional advantages: no state income tax (in places like Florida and Texas), a pro-business regulatory climate, and strong support from higher education institutions that fuel workforce development.

The Sunshine State’s growth streak in particular is being linked to its tax-friendly policies, growing entrepreneurial ecosystem, and steady migration of families and businesses from higher-cost states.

Across nearly every metro examined, the unemployment rate improved from 2021 to 2023. Nationally, the jobless rate as of June 2025 stood at 4.1%, reflecting sustained momentum in the post-pandemic recovery.

Takeaway:

As more Americans and businesses seek affordability, opportunity, and a better quality of life, southern metros especially in Texas and Florida are setting the standard for economic dynamism and population growth. These regions aren’t just growing they’re thriving. For direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.