Leesburg is one of the fastest-growing cities in the state, according a study conducting by a popular financial website.
According to NerdWallet.com, Leesburg is the 14th fastest growing city in Virginia out of all 42 cities, towns and census-designated places.
Leesburg is technically considered a town. It was the only place in Loudoun evaluated.
NerdWallet ranked the cities based on three categories: population growth of the working-age (more than 16 years old), employment growth and income growth (based on median income). The data was derived from the 2009 and 2012 U.S. Census Community Survey three-year estimates.
From the 2009 to 2012 survey, Leesburg's population grew 12.5 percent, from 28,780 to 32,375. The percentage of working-age population that are employed rose from 76.7 to 77.4 percent for a .9 percent increase.
The survey's only decrease came in individual median earnings, which dropped from an inflation adjusted $44,328 to $41,568 for a 6.2 percent decrease.
Betsy Fields, research and communications manager for the Town of Leesburg, noted that those statistics include all of the population – including students with part-time or seasonal work, skewing the data. Furthermore, she adds, the data is median earnings of those living in Leesburg, not necessarily the median earnings of jobs in Leesburg.
“This is a classic example of taking a set of data that wasn't collected to answer these kinds of questions,” Fields said.
The fastest growing city named was Harrisonburg, followed by Fredericksburg, Blacksburg and Charlottesville, all college towns in Virginia.
Overall, four Northern Virginia cities were in the top 10 fastest growing cities, with nine in the top 15.
This recent ranking comes less than a year after CNN Money named Leesburg the 35th Best Place to Live in America.
“I think a lot of people are starting to see how influential Leesburg and Loudoun can be,” said Gwen Pangle, president of the Leesburg Downtown Business Association and a resident since 1977. “It's a great place to be.”
Be the first to post a comment!