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CITIES TO WATCH; 2016’S FASTEST-GROWING PLACES

CITIES TO WATCH: 2016’S FASTEST-GROWING PLACES
According to Realtor® Magazine

After being overthrown last year by Houston, Austin regains the number one 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, California
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, Washington
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, Florida
2015 population growth rate: 2.31%
2016 projected growth rate: 2.03%

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

9. Raleigh, North Carolina
2015 population growth rate: 2.28%
2016 projected growth rate: 1.44%

2017 Cape Coral, Florida
2015 population growth rate: 2.84%
2016 projected growth rate: 2.15%

See the full list of the fastest-growing cities at Forbes.com
Source: “America’s Fastest-Growing Cities 2016” Forbes.com (March 8, 2016)

Posted on April 16, 2016 at 7:38 pm by Debby Bright

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