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Fastest growing boomtowns

Rising oil and gas prices have brought big oil, plenty of workers and lots of housing headaches to the nation's fastest-growing boomtowns.

Elko, Nev.

boom towns elko nevada
  • Population: 53,217
  • 1-year growth*: 3.5%

Elko has long been riding the roller coaster of gold prices, which have been on a steep climb over the past 10 years.

Yet, while the area mines produce about as much gold as South Africa, the quality isn't exactly top-notch.

"The gold mining here is microscopic," according to Curtis Calder, Elko's city manager. "You can't even see it."

But when gold prices are soaring at $1,600 an ounce, even "microscopic gold" is worth pursuing. Mining companies have stepped up exploration and extraction and are hiring.

Those who don't find work mining gold, can try their hand at molybdenum -- a metal used to make very hard steel alloys. A new $1 billion molybdenum mine is currently under construction.

Source: U.S. Census Bureau.
*Rankings are based on the change in annual population estimates for metropolitan and micropolitan areas between July 1, 2011 to July 1, 2012.
  @CNNMoney - Last updated March 19 2013 05:58 AM ET

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