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Cities to watch: 2016’s fastest-growing places

 

JERSEY CITY, N.J. – March 21, 2016 – After being overthrown last year by Houston, Austin regains the No. 1 spot as the fastest-growing city in the U.S., according to a new analysis by Forbes. Adding to its allure, Austin boasts booming technology, pharmaceutical and biotech industries as well as low-cost of living.

Forbes.com compiled its annual list of America's Fastest-Growing Cities by ranking the 100 largest metro areas and their surrounding suburbs. For its rankings, they factor in population growth for 2015 and 2016, year-over-year job growth for 2015, the metro's economic growth rate, unemployment, and median annual pay for college-educated workers in the area.

The following cities topped Forbes' list as the fastest-growing populations and economies (included below with each city's population growth for 2015 and projected growth rate for 2016):

1. Austin, Texas
2015 population growth rate: 3.15%
2016 projected growth rate: 1.56%

2. San Francisco, Calif.
2015 population growth rate: 1.24%
2016 projected growth rate: 0.77%

3. Dallas, Texas
2015 population growth rate: 2.16%
2016 projected growth rate: 1.58%

4. Seattle, Wash.
2015 population growth rate: 1.68%
2016 projected growth rate: 1.34%

5. Salt Lake City, Utah
2015 population growth rate: 1.05%
2016 projected growth rate: 1.40%

6. Ogden, Utah
2015 population growth rate: 1.64%
2016 projected growth rate: 1.37%

7. Orlando, Fla.
2015 population growth rate: 2.31%
2016 projected growth rate: 2.03%

8. San Jose, Calif.
2015 population growth rate: 1.27%
2016 projected growth rate: 0.93%

9. Raleigh, N.C.
2015 population growth rate: 2.28%
2016 projected growth rate: 1.44%

10. Cape Coral, Fla.
2015 population growth rate: 2.84%
2016 projected growth rate: 2.15%

Source: "America's Fastest-Growing Cities 2016," Forbes.com (March 8, 2016)"

© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688

 

Related Topics: Trends