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 outdoors the nation’s capital, grew 887 p.c between 2018 and 2023.
• GoBankingRates studies {that a} household would wish an annual revenue of over $120,000 to dwell in Woodbridge.

Individuals are transferring out of huge cities. Based on a 2024 report by Goldman Sachs, an estimated 650,000 folks left the most important 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 outdoors of Washington, D.C., topped the checklist. The Northern Virginia group grew from 4,400 folks in 2018 to a whopping 43,443 in 2023.

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

Williamson added: “So as to comfortably afford this city, you may want a family revenue of greater than $120,000.” That metric contains the price of residing (assume groceries, transportation, and leisure) and the common month-to-month mortgage value. “In the meantime, the common single-family residence worth is above $500,000,” Williamson added.

Whereas Woodbridge got here out on high, Texas had the most effective 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 folks. Then, for every group, it thought-about its inhabitants change from 2018 to 2023, the variety of residents aged 65 and over, complete households, and family median revenue. Moreover, it recognized every city’s value of residing, livability index, and the common worth of a single-family residence.

See the entire checklist of suburbs that may make for an incredible new hometown at gobankingrates.com.