Special Report
Austin Is One of the Fastest Growing Cities in America
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An average of about 34.3 million Americans packed up and moved each year over the last decade. Some did so to be in a better neighborhood, while others moved for job opportunities or another reason. And some U.S. cities have proven to be much better than others at drawing in new residents and appealing to those who are starting families.
Using metropolitan area level data from the U.S. Census Bureau’s American Community survey, 24/7 Wall St. identified America’s fastest growing cities. We ranked metro areas based on population change from July 2010 to July 2019. Each metro area on this list has reported a population growth of at least 19% over that period.
We also considered supplemental data on median household income and median home value from the Census’ ACS. Data on annual unemployment rate and employment changes came from the Bureau of Labor Statistics.
Population change is the product of two factors — net migration and natural growth. Natural growth is the number of births over a given period less the number of deaths. Net migration is the difference between the number of new residents — either from other parts of the country or from abroad and the number of residents who have left the area.
Reporting a 29.8% population growth between 2010 and 2019, Austin, Texas, is the fastest growing metro area in Texas and third fastest nationwide. Austin has drawn in hundreds of thousands of new residents over the past decade thanks in large part to its booming economy, which is driven in part by a concentration of tech giants and startups. As of 2019, unemployment in the metro area was just 2.7%, a full percentage point below the national rate.
Jobs in the Texas capital also tend to be well paying. The typical household in Austin earns $82,650 a year, well above the national median income of $65,712.
Rank: | Metro area: | Pop. change; 2010-2019: | Median home value change; 2010-2019: | Unemployment rate; 2019: | Total 2019 pop.: |
---|---|---|---|---|---|
1 | The Villages, FL | +41.7% | +49.4% | 4.6% | 132,420 |
2 | Myrtle Beach-Conway-North Myrtle Beach, SC-NC | +32.0% | +31.5% | 4.0% | 496,901 |
3 | Austin-Round Rock-Georgetown, TX | +29.8% | +69.7% | 2.7% | 2,227,083 |
4 | Midland, TX | +28.9% | +74.5% | 2.1% | 182,603 |
5 | St. George, UT | +28.6% | +48.9% | 3.0% | 177,556 |
6 | Greeley, CO | +28.3% | +101.0% | 2.5% | 324,492 |
7 | Bend, OR | +25.3% | +58.6% | 3.9% | 197,692 |
8 | Cape Coral-Fort Myers, FL | +24.5% | +63.7% | 3.1% | 770,577 |
9 | Provo-Orem, UT | +23.0% | +61.7% | 2.4% | 648,252 |
10 | Raleigh-Cary, NC | +23.0% | +37.4% | 3.4% | 1,390,785 |
11 | Daphne-Fairhope-Foley, AL | +22.5% | +26.7% | 2.7% | 223,234 |
12 | Orlando-Kissimmee-Sanford, FL | +22.2% | +51.2% | 3.0% | 2,608,147 |
13 | Fayetteville-Springdale-Rogers, AR | +21.5% | +34.2% | 2.6% | 534,904 |
14 | Boise City, ID | +21.5% | +69.6% | 2.7% | 749,202 |
15 | Odessa, TX | +21.2% | +86.5% | 2.6% | 166,223 |
16 | Crestview-Fort Walton Beach-Destin, FL | +20.7% | +33.6% | 2.7% | 284,809 |
17 | Charleston-North Charleston, SC | +20.7% | +38.2% | 2.4% | 802,122 |
18 | Lakeland-Winter Haven, FL | +20.4% | +47.3% | 3.7% | 724,777 |
19 | Naples-Marco Island, FL | +19.7% | +45.1% | 3.1% | 384,902 |
20 | Coeur d’Alene, ID | +19.7% | +56.9% | 3.6% | 165,697 |
21 | Houston-The Woodlands-Sugar Land, TX | +19.4% | +55.6% | 3.8% | 7,066,141 |
22 | North Port-Sarasota-Bradenton, FL | +19.2% | +58.1% | 3.1% | 836,995 |
23 | Fort Collins, CO | +19.1% | +69.7% | 2.4% | 356,899 |
24 | San Antonio-New Braunfels, TX | +19.1% | +50.0% | 3.1% | 2,550,960 |
25 | Dallas-Fort Worth-Arlington, TX | +19.0% | +68.8% | 3.3% | 7,573,136 |
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