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    Austin the fastest-growing large city in America and Texas outpaces the nation

    If you feel like Texas cities are growing at record speed, it’s because they are: the Lone Star State dominates WalletHub’s new rankings of the fastest-growing U.S. cities — from small to large.  A few Texas cities in particular came out on top. Mission (near McAllen) took the No. 1 spot on the overall list and the small-city rankings, and Irving landed at No. 2 overall and No. 1 among midsize cities. Austin took the top spot among large cities, and also nabbed the No. 8 spot on the overall list.

    To identify the cities that have “expanded the most rapidly in socio-economic terms” between 2008 and 2013, WalletHub researchers analyzed 516 U.S. cities of varying sizes. Data was divided into two categories: socio-demographic landscape and jobs and economic development.  Within those groups were metrics such as population growth, educational attainment growth (increase in people earning bachelor’s degrees or higher), uninsured rate decrease, median household income growth, and unemployment rate decrease.

    WalletHub

    WalletHub categorized cities based on the following population sizes: large (more than 300,000), midsize (100,000-300,000) and small (less than 100,000). It ranked the cities within these categories and overall.  The Lone Star State stood out in the midsize city rankings, claiming 10 of the top 20 spots: Irving (1), San Angelo (5), Grand Prairie (6), Frisco (9), Killeen (10), Round Rock (11), Odessa (12), Midland (13), College Station (14) and Waco (20). Texas also had six of the top 20 in the small-city rankings: Mission (1), Edinburg (2), Pharr (4), League City (8), Bryan (11) and Allen (13).

    On the large city list, Austin (No. 1) was followed by Fort Worth (No. 2), San Antonio (No. 5) and Corpus Christi (No. 6). Looking beyond the top 10, El Paso landed at No. 13, and Houston came in at No. 17. Dallas landed at No. 26.  Texas took 11 of the top 20 spots in the overall list of fastest-growing cities as well. Mission (No. 1) was followed by Irving (No. 2), Austin (No. 8), Pharr (No. 9), San Angelo (No. 12), Fort Worth (No. 14), League City (No. 16), Grand Prairie (No. 17), Killeen (No. 18) and Frisco (No. 20).

    For a more information, please call us at 512.537.6739 or email us at homevalue@heylrealestate.com

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    BY JENNIFER CHININIS

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