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November 21, 2014

Boom Towns: 7 Fastest-Growing Cities

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Boom Towns: 7 Fastest-Growing Cities

Texas dominates the list of fastest-growing cities, attracting more residents with its strong employment center, lower taxes, and more affordable housing, according to an article in Forbes.com. 

For the second year in a row, Austin, Texas, topped Forbes’ list of America’s fastest-growing cities. The city has a projected economic growth rate of 6 percent a year through 2016, which is more than twice as much as the nation as a whole, according to Moody’s Analytics data. 

In compiling its list of America’s fastest-growing cities, Forbes.com analyzed the 100 largest metro areas and reviewed projections for each city’s economic and population growth, median income, unemployment rates, and employment growth. 

Here are the top 7 cities that made Forbes’ list of fastest-growing cities

1. Austin, Texas

Annual economic growth projected from 2011-2016: 6.1 percent
Annual population growth rate: 2.8 percent

2. Dallas

Annual economic growth projected from 2011-2016: 5 percent
Annual population growth: 2.2 percent

3. San Jose, Calif.

Annual economic growth projected from 2011-2016: 4.7 percent
Annual population growth: 0.9 percent

4. Houston

Annual economic growth projected from 2011-2016: 6.1 percent
Annual population growth: 2 percent

5. Salt Lake City

Annual economic growth projected from 2011-2016: 4.4 percent
Annual population growth: 1.5 percent

6. Raleigh, N.C.

Annual economic growth projected from 2011-2016: 3.7 percent
Annual population growth: 3.8 percent

7. Seattle

Annual economic growth projected from 2011-2016: 3.7 percent
Annual population growth: 1.2 percent

Read more about these cities’ growth and see which other cities made the list. 

Source: “Bigger in Texas: State has many of US’ fastest-growing cities,” Forbes.com (April 30, 2012)