America's fastest-growing cities have been listed by Forbes on Friday, and they determined which cities deserve the label after analyzing the 100 most-populated Metropolitan Statistical Areas in the nation. It is a method they have used in the past to determine lists involving locations across the country.
The Metropolitan Statistical Areas across the United States are designated by the United States Office of Management and Budget which includes cities as well as their surrounding suburbs.
There were six categories in which the large cities and their surrounding areas were rated. First, using Moody’s Analytics’ data, a city’s population growth for 2013 and 2014 was realized. Other data included, job growth for 2013, federal unemployment figures, the economic growth rate for 2013, the median salaries for local college-educated employees, and the federal unemployment data.
The summation of the data resulted in the list of the fastest-growing metro areas in the United States at this time, based on the locations’ varying populous and economic situations.
The Top 20 Fastest-Growing Cities in the United States
- Austin, Texas
- Raleigh, North Carolina
- Phoenix, Arizona
- Dallas, Texas
- Salt Lake City, Utah
- Denver, Colorado
- Ogden, Utah
- Charlotte, North Carolina
- Orlando, Florida
- Houston, Texas
Austin, Texas – which tops yet another list compiled by Forbes – had a population growth rate of 2.5 percent in 2013 with an unemployment rate of 4.89 percent. Median pay for college-educated persons in the Austin area was $64,000 annually. Texas has three of its cities listed in the top ten, more than any other state.