Austin Ranked #7 in America’s Biggest Boomtowns

Checkr said in their new report, "In recent years, the United States has experienced a significant degree of economic uncertainty, with far-reaching implications for businesses, consumers, and the cities they call home.”

They analyzed data from all 381 US metro areas to get the rankings of this study.  Austin ranked #7 and received a 61 as their boomtown score.  They said, “A boomtown refers to a city that experiences rapid economic growth and development within a relatively short period. These cities and towns often undergo a significant population increase and witness a surge in economic activity due to various factors.”   See below the 10 Critical Key Factors:

• Population growth 

• GDP growth 

• Unemployment rate

• Workforce growth 

• Poverty rate

• Housing unit growth 

• Real personal income growth

• Change in median age

• Change in the total number of businesses 

• Percentage of high-earning residents (making more than $100,000)