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

 

The author of this article is: realtormag.realtor.org

 See the original post at: http://realtormag.realtor.org/daily-news/2012/05/01/boom-towns-7-fastest-growing-cities

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