Austin tops Forbes’ list of America’s Fastest-Growing Cities for the 3rd year in a row

Austin tops Forbes’ list of America’s Fastest-Growing Cities for the 3rd year in a row

  • According to Forbes, Austin “is an economic powerhouse. With an estimated annual population growth rate of 3% for 2012 and 2013, a 3% rate of job growth in 2012, 4.9% unemployment, and an economy that expanded 6.3% last year, Austin takes the top spot on Forbes’ annual list of America’s Fastest Growing Cities for the third year in a row.”
  • Texas welcomed more than 427,000 newcomers from August 2011 to July 2012, according to the U.S. Census Bureau
  • Texas cities dominated the list. Houston ranked second, behind Austin, followed by Dallas in third place and San Antonio in ninth.
  • Robust labor markets, unemployment rates under 6% (well below the national average), no state income tax, a business-friendly regulatory environment, and strong population inflows all contributed to Texas towns’ high rankings.
  • Click here for the supporting article at Forbes.com.

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