Austin Is Fastest Growing City; Houston, Dallas, San Antonio Also on Forbes List

For the third year in a row, Austin has been ranked first on Forbes’ annual list of America’s 20 Fastest Growing Cities.

Houston was ranked second with Dallas in at third and San Antonio at nine, raising to four the total number of Texas cities on the list.

Two cities from North Carolina – Raleigh at fourth place and Charlotte at 18th – and Washington, D.C. to 11th spot were also on the list.

Forbes rated 100 most populous metropolitan areas on six metrics, based on data from Moody’s Analytics and estimated rate of population growth for 2012 and 2013; rate of job growth in 2012; rate of gross metro product growth for 2012; federal unemployment data; and median salaries for local college-educated workers.

Here’s a snapshot of some of the 20 fastest growing cities in America on the Forbes list:

1. Austin, Texas
M.S.A.: Austin-Round Rock-San Marcos, TX
2012 Population growth rate: 2.8%
2013 Population growth rate: 2.7%
Job growth rate: 3.1%
Unemployment: 4.9%Gross Metro Product: 6.3%
Median salary: $63,200

2. Houston, Texas
M.S.A.: Houston-Sugar Land-Baytown, TX
2012 Population growth rate: 2%
2013 Population growth rate: 2%
Job growth rate: 3.4%
Unemployment: 5.8%
Gross Metro Product: 6.8%
Median salary: $70,900

3. Dallas, Texas
M.S.A.: Dallas-Fort Worth-Arlington, TX
2012 Population growth rate: 2.1%
2013 Population growth rate: 2.1%
Job growth rate: 2.1%
Unemployment: 5.7%
Gross Metro Product: 5.9%
Median salary: $65,100

4. Raleigh, N.C.
M.S.A.: Raleigh-Cary, N.C.
2012 Population growth rate: 3.3%
2013 Population growth rate: 3.4%
Job growth rate: 2.3%
Unemployment: 7.2%
Gross Metro Product: 4.7%
Median salary: $63,600

9. San Antonio, Texas
M.S.A.: San Antonio-New Braunfels, TX
2012 Population growth rate: 2.1%
2013 Population growth rate: 2%
Job growth rate: 2%
Unemployment: 5.6%
Gross Metro Product: 4.1%
Median salary: $56,900

11. Washington, D.C.
M.S.A.: Washington-Arlington-Alexandria, DC-VA-MD-WV
2012 Population growth rate: 1.6%
2013 Population growth rate: 1.2%
Job growth rate: 1.2%
Unemployment: 5%
Gross Metro Product: 3.3%
Median salary: $69,300

18. Charlotte, N.C.
M.S.A.: Charlotte-Gastonia-Rock Hill, NC-SC
2012 Population growth rate: 2.1%
2013 Population growth rate: 2.3%
Job growth rate: 1.1%
Unemployment: 9%
Gross Metro Product: 3.8%
Median salary: $60,100

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