News from around the state of Texas

Texas Remains the Place to Be

DFW, Houston, Austin all rank in the Top 5

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    NEWSLETTERS

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    There is now more data to support the claim that Texas is the place to be. According to a report by Forbes Magazine, 3 of the 5 fastest growing cities are in The Lone Star State.

    The report used Moody's Analytics data on the 100 largest metro areas that compared projected economic-growth rates through 2016, the population growth rate, the current population and the median household income to determine their list.

    Topping the list was Austin, with a projected economic-growth rate of 6.1 percent through 2016 and a population growth rate of 2.8 percent.  The capitol city has a current population of 1.8 million and a median household income of $56,613.

    Second was our own Dallas-Fort Worth, with a projected economic-growth rate of 5 percent through 2016 and population growth of 2.2 percent. According to Forbes, the median income for the 6.23 million people living in DFW is $55,526.

    Third was San Jose, Calif., with a projected economic growth rate of 4.7 percent through 2016 and a population growth rate of .9 percent.  The Bay Area city has a population of 1.88 million and a median income of $83,551.

    Ranking fourth is Houston, with a projected economic-growth rate of 6.1 percent through 2016 and a population growth of 2 percent.  The Gulf Coast city has a population of 6.23 million and a median income of $55,297, according to Forbes.

    Last on the list is Salt Lake City, Utah, with a 4.4 percent projected economic-growth rate through 2016 and population growth of 1.5 percent.  SLC has a population of 1.16 million people who earn a median income of $65,405.

    San Antonio ranked in the top 10, bringing in the ninth spot on the list. See more city rankings here.