The Village of Plainfield is among the communities in the United States experiencing the most positive economic activity and population growth, according to a new ranking from a personal finance platform.
Plainfield is the No. 1 “Boomtown” in Illinois and ranks 12th place out of 49 total states examined, according to GoBankingRates.
GoBankingRates determined that the monthly cost of living in Plainfield is $4,226, the monthly mortgage cost $2,210, and the household median income is $143,064.
The survey used the data about Plainfield to determine its ranking by looking at its change in population since 2014 that saw an increase of 4,300 people; occupied housing units increasing by 14 percent at 1,946 units; and change in owner-occupied housing units at 2,22o.
GoBankingRates analyzed cities with total populations between 25,000 and 500,000 using U.S. Census data from 2015 to 2023.
Researchers sourced each city’s total population and per capita income and calculated the eight-year changes in quantity and percentages to identify the city in each state with the largest population increase.
“If business is booming, the rich are likely eyeing the area as a place to keep building wealth,” an official with GoBankingRates said.
Fulshear, Texas, is the biggest boomtown in the United States, the survey found. Located on the western edge of Houston, the city’s population has grown by 736 percent.
The ranking is not the only good news for the village as officials announced that the building once occupied by Walmart Supercenter until its abrupt closure in March 2023 has been sold.
Officials are not releasing the name of the new business owner until a formal proposal goes before the Plainfield Village Board in the new year. However, they did say the large property on Route 59 and 127th Street will open a home decor warehouse and showroom. There is another location in the Chicago area but it’s not the popular home brand Wayfair.
