Forbes recently examined data from Moody’s Analytics, Payscale.com, and BLS to assess population growth, economic growth rate, unemployment data, and median salaries, in order to develop a list of the twenty fastest growing metro areas in the United States in terms of population and economy.
Both Florida and Texas had the most cities on the list with four each. Austin, Texas claimed the top spot for the fourth year in a row, with a 2.5 percent population growth rate and an economy that expanded 5.88 percent last year. The city has around 4,000 technology companies that represent 35 percent of the area’s total payroll, and companies such as Dropbox are bringing in jobs this year. In the last nine years, 307 companies moved to the region.
“The competition for jobs is fierce. We can’t let our guard down.” ~Dave Porter, Senior Vice President, Economic Development at the Austin Chamber.