DAILY REAL ESTATE NEWS
After being overthrown last year by Houston, Austin regains the number one spot as the fastest-growing city in the U.S., according to a new analysis by Forbes. Adding to its allure, Austin boasts booming technology, pharmaceutical, and biotech industries as well as a low-cost of living.
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Forbes.com compiled its annual list of America’s Fastest-Growing Cities by ranking the 100 largest metro areas and their surrounding suburbs. For its rankings, they factor in population growth for 2015 and 2016, year-over-year job growth for 2015, the metro’s economic growth rate, unemployment, and median annual pay for college-educated workers in the area.
The following cities topped Forbes’ list as the fastest-growing populations and economies (included below with each city’s population growth for 2015 and projected growth rate for 2016): All projects highlighted in blue below are project areas you should be able to find FIG in within 18 months.
1. Austin, Texas
- 2015 population growth rate: 3.15%
- 2016 projected growth rate: 1.56%
2. San Francisco, Calif.
- 2015 population growth rate: 1.24%
- 2016 projected growth rate: 0.77%
3. Dallas, Texas
- 2015 population growth rate: 2.16%
- 2016 projected growth rate: 1.58%
4. Seattle, Wash.
- 2015 population growth rate: 1.68%
- 2016 projected growth rate: 1.34%
5. Salt Lake City, Utah
- 2015 population growth rate: 1.05%
- 2016 projected growth rate: 1.40%
6. Ogden, Utah
- 2015 population growth rate: 1.64%
- 2016 projected growth rate: 1.37%
7. Orlando, Fla.
- 2015 population growth rate: 2.31%
- 2016 projected growth rate: 2.03%
8. San Jose, Calif.
- 2015 population growth rate: 1.27%
- 2016 projected growth rate: 0.93%
9. Raleigh, N.C.
- 2015 population growth rate: 2.28%
- 2016 projected growth rate: 1.44%
10. Cape Coral, Fla.
- 2015 population growth rate: 2.84%
- 2016 projected growth rate: 2.15%
See the full list of the fastest-growing cities at Forbes.com.
Source: “America’s Fastest-Growing Cities 2016,” Forbes.com (March 8, 2016)