Fort Mill Ranks as 7th Fastest-Growing Suburb in America
Fort Mill, South Carolina, has been named the 7th fastest-growing suburb in the United States, according to a recent study by GOBankingRates. The town experienced a remarkable 77.6% population increase between 2018 and 2023, highlighting its rapid development and appeal to new residents.
The study also notes that the median household income in Fort Mill stands at $127,537, surpassing the estimated $121,572 needed to live comfortably in the area. The average home value is reported at $527,953, with an annual cost of living totaling approximately $60,786.
Fort Mill’s growth is attributed to its proximity to Charlotte, North Carolina, offering residents easy access to a major metropolitan area while enjoying the benefits of suburban living. The town is also recognized for its strong educational system, with the Fort Mill School District ranking 11th nationally in a separate GOBankingRates study.
As Fort Mill continues to expand, it exemplifies the trend of suburban areas experiencing significant growth due to their combination of economic opportunities, quality education, and desirable living conditions.
Top 10 Fastest-Growing Suburbs in America (2018–2023)
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Woodbridge, Virginia – 887% increase
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Fulshear, Texas – 236.7% increase
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Celina, Texas – 190% increase
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Princeton, Texas – 123.6% increase
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Prosper, Texas – 81% increase
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Fate, Texas – 80.3% increase
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Fort Mill, South Carolina – 77.6% increase
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Anna, Texas – 75.9% increase
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Midlothian, Texas – 70.7% increase
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Pecan Grove, Texas – 69.9% increase?
Texas dominates the list, with eight of the top ten fastest-growing suburbs, reflecting the state’s significant suburban expansion. Fort Mill stands out as the only non-Texas suburb in the top ten, underscoring its unique growth trajectory in the Southeast.
For more detailed information, you can read the full report here: America’s Fastest-Growing Suburbs and the Salaries Needed To Afford Them.
