In a MSN article Forbe's voted Boone NC number 4 on the Forbe's list of fastest growing small towns and it was also recently named one of the 10 best places to retire by U.S. News & World Report. Boone is also home to Appalachian State University. Boone's population rose 14.7% to 51,079 and has a median income of $31,967. The unemployment rate is 7.2%, which is below the national average.
"Boone is a university town, but more than most university towns it is dominated by the university," says Todd Cherry, director of the Center for Economic Research and Policy Analysis at Appalachian State. "Indeed, enrollment exceeds the town's population. Between 2007 and 2010, university enrollment increased by nearly 2,000 students, and (university) employment increased by about 200 people. That's a primary factor in Boone's recent growth."
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