The U.S. Census Bureau measures the rate of population growth in major metro areas and they’ve released the most recent estimates for population growth in large American cities, which are incorporated areas with more than 50,000 people.
What Makes A Growing City With Enviable Living Conditions?
There are many factors you could look into as to what makes a growing city. The fastest-growing cities in the U.S. have high population growth and a high percentage of people with college degrees. This is beneficial because the city’s job market is likely to be more competitive than other places. With a large number of people, it’s easier to attract more businesses and increase the local population.
Job growth is an essential component of a growing city and might be the most reliable proof that a city is thriving. Employment growth is an essential that goes without saying. The economy of a particular city is very important as well. Financial resources are vital to any city with the hope of growing and striving to improve their state of affairs. Education plays a huge role in a city’s development. A well-educated community means a more skilled and productive workforce; as the old cliché goes “knowledge truly is power”, this is a clear-cut way to vastly grow your city.
The state of Texas has consistently been ranked as one of the fastest-growing states in the country, with both population and income growth at record levels. For this reason, it should come as no surprise that more than one of the cities listed below are located in Texas.
Examples Of Rapidly Growing Cities
Houston, Texas is one of the fastest growing cities in America. Houston has one of the most prosperous energy sectors the country has to offer. The city’s ability to produce and supply energy is astounding. Their medical tech firms have been highly acclaimed and regarded as some of the best in America. The state of Texas has increased its oil productivity twice as much this year than in previous years. The oil industry certainly helps a country or city’s economy if managed properly; it’s not hard to see why Houston is a blooming city.
With nearly 2 million inhabitants, Phoenix, AZ, is one of the USA’s largest cities. Nevertheless, it remains a hotbed of growth. Affordable housing, low crime rates, and healthy living are often touted as some of the factors that have led to Phoenix’s growth.
Austin, Texas has previously been ranked second on Forbes magazine’s America’s fastest growing cities. Their median income is currently at $ 63,500. They have a job growth rate of 3.14 percent; this is well above the national average. Austin, Texas is a place where small businesses flourish. With a GDP of about 5 percent they are undoubtedly one of the fastest growing cities in America.
Seattle, Washington is definitely another fastest growing city in America. The average income for a Seattle native is $ 72,000 that is prodigious considering the way our economy has been in a shambles. If you are making that amount of money your city is clearly moving in the right direction. Their gross metro product growth is currently at 3.35 percent, which is very impressive. At a time in which the world’s leading powerhouse has had economic struggles of epic proportions these cities are hopes that a better tomorrow is possible. Surely, growing cities can only be a positive thing for the construction industry.