Woodbridge Virginia is the fastest growing suburbs in the US

• Woodbridge, Virginia, is called the fastest growing suburb of the country by Gobankingrates.
• Residents of the North Virginia community, located only half an hour outside the capital, rose 887 percent between 2018 and 2023.
• Gobankingrates reports that families need an annual income of more than $ 120,000 to stay in Woodbridge.

Americans move out of the big cities. According to a 2024 Report by Goldman SachsAbout 650,000 people left the largest US city in 2022 and an additional 550,000 in 2023. So, where are they going? Gobankingrates has a good idea.

On Thursday, the website issuing a new study The fastest growing suburbs in the country, and Woodbridge, Virginia, a city about 30 minutes outside Washington, DC, is ahead of the list. North Virginia community grew from 4,400 people in 2018 to a 43,443 defeat by 2023.

“Woodbridge has so far the fastest growing suburbs in America, according to our latest research,” CJ Williamson, a researcher in Gobankingrates, told Travel + free time. “The Subbum of the DC area experienced a large population explosion of 887% between 2018 and 2023.”

Williamson added: “To get the city comfortably, you need more than $ 120,000 household income.” The metric includes the cost of living (thinking of groceries, transportation, and entertainment) and average monthly mortgage costs. “Meanwhile, the average single family home price is over $ 500,000,” Williamson added.

Although Woodbridge is out above, Texas has the best to show overall, with the top six cities in the top 10. This includes Fulshear at No. 2 places, followed by Celina and Princeton in the third and fourth, respectively. Overcoming the top 10 was Queen Creek in Arizona in the fifth, followed by Prosper, Texas; Fort Mill, South Carolina; Fate, Texas; Anna, Texas; and Groveland, Florida, at the tenth.

For this report, Gobankingrates identified the suburbs with 2023 population between 20,000 and 100,000. Then, for each community, it considers its population change from 2018 to 2023, the population is 65 and above, the number of households, and the median income of the household. In addition, it identifies every cost of living, city life index, and the average value of a single family home.

View a complete list of suburbs that will make a great new hometown at gobankingrates.com.