5 Fastest Growing Cities In America
Considering the opportunity for jobs, the population of the respective cities and other characteristics, it is easy to pick out the fastest growing cities in America. The data has been received for the months between July 2012 and July 2013. It has been given by the Census Bureau.
Here are the top 5 fastest growing cities in America:
Population: 1.9 million
% gain: 2.6%
New residents: 47,941
This town is characterized with the existence of an ample of universities and the live music scene. There is an acute amount of young students in the city who strive on art. This creative vibe in the city attracts thousands of people every year.
Austin possesses in excess of 250 live music venues and festivals like SXSW take place every year. The festivals bring a lot of cultures together and this vibration is very important for the growing economy of Austin for many reasons than not, as reported by demographer Ryan Robinson.
The opportunity for jobs is another reason why Austin ranks atop the 5 fastest growing cities in America. The existence of the University of Texas boosts the employment conditions in the city. A lot of tech businesses and incubators have risen in the recent past in Austin. The big shots like Google, Apple and others have also come to Austin in order to search for the raw talent.
The unemployment rate in the city has fallen to 4.7 percent in January. It is the lowest number when compared to the other metropolitans having a population of more than a million.
Population: 6.3 million
% gain: 2.2 %
New Residents: 137,782
Houston’s trump card remains to be oil and gas. These days, the price of oil is elevating in the market. It is settling for over 100 dollars a barrel. This has caused a rapid growth in the city of Houston. The oil boom seen in the city of Houston is also responsible for the development of so many jobs.
Apart from the energy sector, the manufacturing, transportation, aerospace and medical research companies are also recruiting the youth, making Houston one of the fastest growing cities in America. The accommodation for newcomers has been deemed affordable. A modern home in Houston can be bought at the price of 195,000 USD which is 10,000 USD lesser than the usual house in other cities across America.
3. Raleigh, N.C.:
Population: 1.2 million
% gain: 2.2%
New residents: 26,012
Raleigh is known to be North Carolina’s research triangle with the cities of Durham and Chapel Hill. It has got many tech companies and Universities like Duke University, University of North Carolina and North Carolina State.
These universities are known to be bringing a lot of employment to its students. The quality of life provided by the authorities to the local people living in the city is high. They get good healthcare, sport facilities and art access.
In the last few years, the hiring process has fastened up and according to the reports, the unemployment rate was reduced to as low as 5.5 percent in the month of January. The city is progressing very well in the last few years.
The accommodation is also reasonable in the city. However, the median for the city is 10 percent higher than the national median but not forget that the incomes are also 20 percent higher than the national standard.
4. Orlando, Fla.:
Population: 2.3 million
% gain: 2%
New residents: 44,390
The city of Mickey Mouse is progressing very well in the last few years. It attracts as many as 57 million visitors every year. The number has increased in the last 2 years. The amount of visitors in the year 2009 was only 43 million. Most of the job opportunities in the city are based on the tourism industry.
The median price for home is 155,000 USD which is quite low and affordable for the working families. This is what makes Orlando as one of the fastest growing cities in America.
5. San Antonio:
Population: 2.3 million
% gain: 1.9%
New residents: 43,056
The oil boom has contributed largely to the growth of San Antonio’s economy. The largest oil company of the nation, Valero Energy is based on San Antonio, generating many jobs in the sector. The other energy company such as Tesoro Corp and NuStar Energy are also situated in the city of San Antonio.
The local economy is however not only based on the energy sector. It is well spread among the industries such as tourism, healthcare, financial services and call centers. The military installations across the city also mark an important factor for the growth of San Antonio. It hosts as many as 80,000 residents and trains around 130,000 military personnel each year.
The unemployment rate was calculated to be 5.4 percent in January, which is way lower than the national low for unemployment. With the existence of study centers and research Universities, San Antonio remains to be a city of youth. It also caters to the rapid growth in the city of San Antonio.