Top 10 Fastest-Growing Cities In California for Businesses

Lathrop is the only city from California to fall on the list of the fastest-growing cities in the US. Situated in San Joaquin County, 10 miles south of Stockton, its population rose by 13.6% within a year, from July 2022 to July 2023.

The median home value in Lathrop is $564,800 with an average household income of $129,578. Represented by the 209 area code, the city moves along with businesses to match their pace and help them in growth. One good example is Tesla, which expanded from 400K square feet to over 3 million square feet.

Named after Ireland’s capital city, Dublin’s economic development strategy has many prime concerning areas. Some of the sectors are towards the growth and support for small businesses and increasing the place’s quality for residents as well as firms. Its active area code is 925.

From having 10,081 people in 1971 to 314,550 in 2023, Irvine has come a long way. The average cost of purchasing a home in the city exceeds a million dollars, way more than the national average cost ($281,900). However, it has a good household income of $138,191. This is more in comparison to the national median household income of $75,149.

The one of the fastest-growing cities in California has over 17K licensed businesses, with 275K jobs. Some of the city’s major occupations are in the fields of manufacturing, accounting, financial, legal, scientific, and medical research. The bustling suburb has three active area codes: 657, 714, and 949.

Above 100K residents have moved into Menifee since 2016. It is also one of the top ten boomtowns in the US, and it is acknowledged as an excellent place for growth in California.

The city is investing $400+ million in traffic and infrastructure improvement projects to make it more business-friendly as "a hub for high-wage, high-skill target industries.” Menifee has an average household income of $108,360 annually, with significant people working in retail, restaurants, commercial, and medical offices. Its active area code is 951.

Popular for its Six Flags Magic Mountain theme park, Santa Clarita is home to 300K residents as of 2023. Compared to other regions of California, a huge chunk of inhabitants have higher education degrees while working in high-earning jobs.

With a median household income of $123,300, Santa Clarita is a center for multiple industries, including Aerospace and Defense Manufacturing, Digital Media and Entertainment, and Bio-Tech and Medical Devices. The thriving city is covered by the 661 area code.
 

Apart from IT and healthcare, Clovis is growing its tourism industry. Further, markets are being added thanks to its increasing communities and planned housing developments. Known as the Gateway to the Sierras,  the suburbs are covered by area code 559.

Roseville had an average increasing rate of 4.12% in its population annually from 2000 to 2022. The largest city in Placer County has an average household income of $134,360 per year. Plus, its cost of living is 16% cheaper in contrast to other cities in California.

Alongside being a crucial point for railways and freight transportation, some of the community’s growing industries are Retail, Accommodation & Food Services, Professional, Scientific, & Technical Services, and, Health Care & Social Services. Represented by 530 and 916 area codes, Roseville has over 6K businesses.

Located in Victor Valley in San Bernardino, Victorville has seen a population increase of 11.5% since 2020. While the median household income of the city is $71,047, most have jobs in sales, followed by office/admin support, executive management, food services, and education.

Having 3,436 business establishments, there is a labor force of above 57K people; 63% are white-collar and the rest are blue-collar workers. The ever-changing city has three active area codes; 442, 760, and 909.

Elk Grove has a total of 178,444 residents as of 2023. The city’s location makes it an ideal base for consumers. It is only 75 miles to Silicon Valley, 12 miles to downtown Sacramento, and 25 minutes to the International Airport.

Moreover, Elk Grove has done a lot of things for small businesses, such as expanding the budget for funding, organizing start-up Pitch events, and the Small Business Permit Assistance Program, among others. In 4,200 businesses, the leading industries were health care & social services, retail, and education in 2021. The agricultural hub’s active area code is 916.

Between 2021 and 2023, Bakersfield’s population grew by 3,599.It is the 9th largest city in the Golden State, with a population of 408,373 and is within the 661 area code.

Also known as the country music capital of the West Coast, Bakersfield’s average household income is $88,190. Among its workforce, the highest number of people, or more than 44K, are working in health care and social service.

Despite being the third largest state in the US, California is the most populated one. Plus, its cities are also growing daily, not just in terms of people but development as well. Many are even opting for plans to attract and invite businesses to their places.

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