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Conroe among the Top 10 ‘boomtowns’ in America

by Lindsey Wells

Conroe among the Top 10 ‘boomtowns’ in America

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.

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