The US Census Bureau released data on the fastest growing cities in the nation and there definitely seems to be a trend. The below list ranks the 15 fastest growing cities by percent gain with a population of at least 50,000 or more between July 1, 2014 to July 1, 2015.
The US Census Bureau also ranked the top 15 cities that added the most people between July 1, 2014 to July 1, 2015.
- 14 of the fastest 15 growing cities by percent gain were located in the South and West.
- The fastest growing city by percent gain was Georgetown, Texas with a growth of nearly 8%.
- Outside of NYC, the highest number of population gains were in the West and the South.
- Texas was home to five of the 11 fastest growing cities by percent gain.
- Texas was home to five of the 8 cities that gained the most people.
Big Gains in Texas
There’s been a lot of buzz around Texas these days. Unless you’ve been living under a rock, you probably have heard that a lot of companies have been relocating to Texas. With it’s business friendly environment and low cost of living, Texas is attracting a lot of companies to pack up and relocate their headquarters to the Lone Star state. It’s no wonder that Texas tops the rankings in population gains, both by percent gains and sheer numbers.
Looking at the fastest growing cities in Texas, notice they are ALL situated near major metro areas. Georgetown, the fastest growing city in the US is just a 30 minutes drive outside of Austin. New Braunfels, the 2nd fastest growing city is just outside of San Antonio. Frisco, the 4th fastest is an affluent community just outside of Dallas. Pearland, the 7th fastest growing city is just outside of Houston.
In terms of the greatest population gains, five of the top eight cities that increased the most were in Texas (Houston, San Antonio, Fort Worth, Dallas, and Austin). Texas ranks as one the most business friendly state according to a 2016 Small Business Friendliness Survey. Several large employers have also taken notice of the business friendly environment by opening up offices in these very cities and in some cases, are relocating their headquarters.
Toyota for example is moving their headquarters from Torrance, CA to Plano, TX. A move that may bring in 3,000 employees from California to communities such as Frisco, Plano, and other communities north of Dallas. Austin is benefiting from major employers such as Google, Apple, and Dropbox to expand their offices here. San Antonio has also benefited from added jobs by companies such as Gravitas and Oracle that have expanded here.
One of the most important drivers on housing demand is population. In this latest US Census update, the data confirms all the buzz around Texas— Five of the fastest 11 growing cities by percent gain were located in Texas as well as five of the top eight cities with the largest population gain were all located in Texas.
Are you surprised by this data? Leave your comments below.