Woodbridge Virginia Is the Quickest-Rising Suburb within the U.S.

• Woodbridge, Virginia, was named the fastest-growing suburb within the nation by GoBankingRates.
• The inhabitants of this Northern Virginia group, positioned simply half an hour exterior the nation’s capital, grew 887 p.c between 2018 and 2023.
• GoBankingRates reviews {that a} household would want an annual earnings of over $120,000 to reside in Woodbridge.

People are shifting out of huge cities. In response to a 2024 report by Goldman Sachs, an estimated 650,000 individuals left the biggest U.S. cities in 2022 and an extra 550,000—in 2023. So, the place are they heading? GoBankingRates has a good suggestion.

On Thursday, the web site launched its new examine rating the fastest-growing suburbs within the nation, and Woodbridge, Virginia, a city about half-hour exterior of Washington, D.C., topped the checklist. The Northern Virginia group grew from 4,400 individuals in 2018 to a whopping 43,443 in 2023.

“Woodbridge is by far the primary fastest-growing suburb in America, based on our newest analysis,” CJ Williamson, a researcher at GOBankingRates, advised Journey + Leisure. “The DC-area suburb skilled a large inhabitants growth of 887% between 2018 and 2023.”

Williamson added: “With a view to comfortably afford this city, you may want a family earnings of greater than $120,000.” That metric consists of the price of dwelling (suppose groceries, transportation, and leisure) and the typical month-to-month mortgage price. “In the meantime, the typical single-family residence worth is above $500,000,” Williamson added.

Whereas Woodbridge got here out on high, Texas had the perfect exhibiting total, with six cities within the high 10. That features Fulshear within the no. 2 spot, adopted by Celina and Princeton in third and fourth, respectively. Rounding out the highest 10 are Queen Creek in Arizona in fifth, adopted by Prosper, Texas; Fort Mill, South Carolina; Destiny, Texas; Anna, Texas; and Groveland, Florida, in tenth.

For this report, GoBankingRates recognized suburbs with a 2023 inhabitants between 20,000 and 100,000 individuals. Then, for every group, it thought of its inhabitants change from 2018 to 2023, the variety of residents aged 65 and over, whole households, and family median earnings. Moreover, it recognized every city’s price of dwelling, livability index, and the typical worth of a single-family residence.

See the whole checklist of suburbs that will make for a fantastic new hometown at gobankingrates.com.