Austin Named the Fastest Growing City in U.S. by Forbes for 4th Consecutive Year
According to a recent report, the Capital City hasn't slowed down at all in 2014. Austin was named the fastest growing city in the U.S. by Forbes for the 4th consecutive year. This comes as no surprise to many living in the city, as an estimated 110 people move here each day, according to local demographer Ryan Robinson.
Forbes reports that Austin's economy grew 5.88 percent last year, while the population had an estimated 2.5 percent jump. This was the highest population growth of any region in the nation in 2013.
The report was based off information collected from the 100 most populated metro areas in the country. Cities were ranked by data from Moody's Analytics, which included factors such as economic growth, population growth, job growth, as well as unemployment and salary rates from 2013 to 2014.
Texas and Florida both had an impressive four cities to make the list. Three cities from Texas ranked in the top 10, including Dallas and Houston. San Antonio rounded out the Lone Star State with the number 20 spot. Other cities that experienced stellar growth in the last year included Raleigh, North Carolina; Phoenix, Arizona; Salt Lake City, Utah; Denver, Colorado; Ogden, Utah; Charlotte, North Carolina; and Orlando, Florida.
The team at Cain Realty Group has noticed this population growth as we experience many new home buyers relocating to the area. If you or anyone you know is moving to the greater Austin area in the future, please contact our office as 512-522-4659 as soon as possible. We would love to help educate future residents on the market in Austin. We can also provide a Free Austin Relocation Guide.