Forbes, the renowned financial magazine, has just released their full list of the most rapidly growing cities in America. Working with the established Moody’s Analytics, and using factors such as population numbers, output percentages, and wages accrued, Forbes was able to ascertain that the Jacksonville-Florida Area was ranked as number 16 in the entire country. While the area’s low commute time and plentiful jobs help expand it as a city and create desirability to live near the area, one important element to the area’s number-one ranking is the projected wage growth for 2018, meaning that the people who are in the Jacksonville area are going to be getting a nice pay raise.
The projected wage growth helps determine how much wages in an area are expected to rise or fall within the year. With Forbes expecting Jacksonville to be 7.81%, this can rely on a multitude of factors, ranging from current events to how necessary a certain service is for a certain demographic within the area. Jacksonville has a high concentration of workers in the medical, technical and financial fields, which are careers that, due to the requirement of skill and necessity within the area, require highly skilled workers. It could be predicted that the projected wage growth for 2018 could be attributed to rapid advancements within these fields.
One element that promotes Jacksonville’s desirability, alongside its projected wage growth, is its close proximity to everything that residents could want or need. Located in an area that creates a wide variety of both public and private services and goods, residents can enjoy living near all of Jacksonville’s modern luxuries, while keeping a distance from the relative rush of the city.
Housing in the area that surrounds Jacksonville also helps contribute to its projected growth as a city. Residents with higher wages have more choice in where they want to live, and they want to live in areas that provide them with everything they’re looking for.
RiverTown, one of nearby St. Johns County’s newest communities, holds a deep respect for nature and history, and with its close proximity to I-95, shopping, and dining, this is truly the place for residents who “Want It All.” New home values range from the mid $200s to over $1 million. Our Welcome Center, which is open daily, features New Home Counselors who are happy to walk you through six designer-decorated models and discuss homebuying with you. Click here or call (904) 337-4856 to start your path to The First Coast’s New HometownTM.
Get Your Current
Fresh. Water Living.