MIAMI, FL — Boosted by a rapid growth in median household income, Miami was ranked the second fastest growing large city in America, according to a new study by personal finance website WalletHub.

"Experts might not agree on the 'best' or the 'right' recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity better than others," the website said in announcing the findings on Monday. "Patterns emerge within those cities, allowing us to identify what factors contribute to a lasting cycle of growth." WalletHub compared 515 U.S. cities across 17 key factors ranging from population growth to college-educated population growth and unemployment rate decrease.



Miami ranked second in the category of fastest large-city growth and ranked 18th overall.

Austin topped the list among large cities while Seattle came in third followed by Henderson, Nevada and Denver.

Lehigh Acres, Florida was ranked the fastest growing city overall in the United States while Fort Myers ranked sixth and Cape Coral ranked ninth. Brandon, Florida ranked 24th. Orlando finished in 28th place and Spring Hill, Florida came in 30th. Cape Coral ranked fifth among midsize cities and Fort Myers finished third among small cities.



"In determining our sample, we considered only the 'city proper' in each case and excluded cities in the surrounding metro area," WalletHub said.