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.
Local
The latest news from around North Texas.
San Antonio ranked in the top 10, bringing in the ninth spot on the list. See more city rankings here.
