The Top 12 American Boomtowns

By Bloomberg Rankings and Nikhil Hutheesing - 2013-04-24T14:48:01Z

Photograph by Don Klumpp/Getty Images

Company Symbol % Change
8 of 15

Oklahoma City, Oklahoma

2007 Population: 1,192,989
2011 Population: 1,278,053
Percent Change: 7.13
GDP Compound Annual Growth: 1.44%

Oklahoma shielded itself from the recession with its own stimulus package, says Cynthia Reid of the Oklahoma City Chamber of Commerce. It put more than $1 billion to work funding its own infrastructure projects over a five-year period. That included renovating every school, improving sidewalks and trails and building a new convention center and expo center. Such improvements have attracted more people to the city, which in 2012 had a population of 1.3 million and an unemployment rate of 4.9 percent. There are plenty of jobs available from natural gas companies such as Devon Energy Corp., Continental Resources Inc. and Chesapeake Energy Corp.