Conroe was ranked as one of the top “boomtowns” in America for 2021, according to a study by SmartAsset.
The study analyzed data from 500 of the country’s largest cities. Metrics included population change, unemployment rate, change in unemployment rate, gross-domestic-product growth rate, business growth, housing growth and change in household income.
Across all 500 cities, Conroe ranks fifth-highest for five-year population change (26.03%) and fourth-highest for its five-year housing growth (39.69%). Additionally, Conroe is part of Montgomery County, which has seen an annualized GDP growth rate of close to 9% over the past three years, a figure that puts it in the top 1% of cities.
As a whole, the U.S. is recovering well from the economic fallout of COVID-19, according to new data from the Bureau of Economic Analysis. In the second quarter, real GDP exceeded its pre-pandemic level. This rebound comes exactly a year after real GDP hit its lowest point during the COVID-19 crisis.