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Atlanta is the 10th fastest growing big city in America, new report finds

Metro Atlanta is on pace to overtake Philadelphia as the eighth-largest city by 2022, according to U.S. Census data, the AJC reported in June.

» RELATED: Atlanta named among America’s fastest-growing economies in new ranking

Now a new report from personal finance website WalletHub adds to the estimates, ranking Atlanta among the fastest-growing cities in America based on socio-demographics, jobs and economy.

WalletHub analysts evaluated those dimensions using 15 relevant metrics, including population growth, job growth, median household income growth, increase in number of businesses, median house price growth and more.

» RELATED: Atlanta metro population on pace to pass Philadelphia as 8th largest

For their sample, they included only the “city proper” in 515 small, midsize and large cities.

Of the 66 large cities on the list, Austin came out on top, followed by Miami; Seattle; Charlotte, North Carolina; and Denver.

Source: WalletHub

Atlanta ranked 64th overall and 10th among large cities, a small bump from last year’s spot at No. 11.

Philadelphia, for what it’s worth, ranked 51st among the the largest cities in the country. Cleveland was dead last.

Of the 249 midsize cities, Midland, Texas earned top honors. Fort Myers, Florida, topped the list of 200 small cities.

» RELATED: Atlanta to surge in population, jobs and traffic, Mayors’ report says

Other Georgia cities on the list:

  • Sandy Springs (No. 16 among midsize cities)
  • Athens-Clarke (No. 34 among midsize cities)
  • Savannah (No. 93 among midsize cities)
  • Roswell (No. 119 among small cities)
  • Albany (No. 188 among small cities)
  • Augusta (No. 231 among midsize cities)
  • Columbus (No. 242 among midsize cities)

Here’s more on how Atlanta fared:

  • Overall rank among 515 cities: 64
  • Overall rank among 66 large cities: 10
  • Poverty rate decrease: 65
  • Job growth: 74
  • Median house price growth: 95
  • Working-age population growth: 100
  • Median household income growth: 118
  • Foreclosure rate decrease: 131
  • Unemployment rate decrease: 147
  • Regional GDP growth: 149
  • Growth in number of businesses: 216

Explore the full report at wallethub.com.

This isn’t the first time Atlanta’s been in the spotlight for its booming population and economic growth.

» RELATED: Census: Metro Atlanta’s population approaches 5.8 million

Between 2016 and 2017, the city of Atlanta gained an estimated 9,900 new residents, the AJC previously reported. That’s more than double its running average annual growth rate of 4,214 since 2010.

The metro region overall gained 89,000 new residents in 2017. Currently, it boasts a population of approximately 5.8 million.

» RELATED: Gwinnett population growth outpacing metro Atlanta area, report says

According to Mike Carnathan, manager of the Atlanta Regional Commission’s research and analytics group, Atlanta had its strongest year of population growth since the Great Recession.

Along with that population growth, the city region also added 103,100 jobs between 2016-2017, the AJC reported.

But while Atlanta’s current job growth mirrored that of the 2002-2007 housing boom, “to say it’s normal and robust would be wrong,” according to AJC business reporter Michael Kannell. Incomes aren’t jumping, folks are still out of work, but the longer trend is positive, he said.

» RELATED: Atlanta traffic among worst in the world, study finds

And, “as Atlanta grows at a rate far above other top American metro areas, including New York, Los Angeles and Chicago, its surging populace is putting stress on its transportation infrastructure and housing market,” reporters Alex Soderstrom and Jacquelyn Elias recently pointed out.

Atlanta is also becoming increasingly diverse, more walkable and is attracting more individuals between 20-29 years of age.

Read more about Atlanta’s economic growth.

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