Miami’s population is booming, fueled by one of the highest growth rates in income and GDP, according to a new CNBC report.

According to the analysis, Miami is a “boomtown,” with population growth of 10.7% over the five year period from 2012 to 2017.

Personal income growth in Miami from 2012 to 2017 was 17.7%.

GDP growth during the same five year period was 29.4%.

CNBC cited a ranking from personal finance website GOBankingRates.

To compile the list, five-year data on population, housing, GDP and per capita income from the U.S. Census Bureau’s 2017 American Community and the Bureau of Economic Analysis was studied. Only cities with populations under 500,000 were included

Source: The Next Miami