Two of the 10 Fastest Growing Cities in the U.S. Are in Texas
Texas is growing and rightfully so. While some Texans aren't happy about some of the changes that seem to be coming with an influx of new people, it won't change the fact that they are indeed coming... in droves. Or that our capital city, Austin, TX is right at the top of the list of our country's fastest growing cities.
But it's not the only Texas city inside the Top 10 according to an October report by the Kenan Institute of Private Enterprise. And if you were to widen your scope, you'll find four Texas cities inside the Top 20 destinations.
So what makes Texas a popular destination? We've really got what everyone is looking for from technology, reasonable home values, and diversity across industries.
Austin, Texas: "Austin’s status as a technology hub along with its high concentration of venture capital, warm climate and vibrant cultural offerings lead to frequent comparisons with the Bay Area – and in fact, high-profile Silicon Valley companies, including Amazon, Google, Oracle and Tesla, have recently expanded their operations in Austin. But those leaving the Bay Area may be bringing their former region’s housing issues with them - the median home value in Austin increased from $349,156 in August 2020 to $566,479 in August 2022."
Dallas: "During the peak months of the COVID-19 pandemic, no metro area’s population grew more than Dallas-Fort Worth. The area’s addition of 97,290 people between June 2020 and July 2021 was not entirely surprising, however, as the area has reported robust and positive population growth each year since 1950. In total, 19 Fortune 500 companies are based in Dallas, including AT&T, CBRE Group, Exxon Mobil, Southwest Airlines and Texas Instruments."
Here's this study's Top 10 fastest-growing U.S. cities in 2022: