This Is The Fastest Growing City In Texas

Houston TX

12 November, 2021

2:45 PM

Description

By Grant Suneson, 24/7 Wall St. Houston 2021-11-12 The U.S. population growth rate hit its lowest level since the Great Depression, according to the 2020 U.S. Census. Over the past decade, the Great Recession and COVID-19 pandemic slowed immigration as well as caused many Americans to hold off on having kids. Population growth did not stagnate everywhere in the U.S., however. In fact, in nearly every state at least one major metro area reported a faster population growth rate from 2010 to 2020 than the comparable national rate of 6.7%. The fastest growing city in Texas is the Austin-Round Rock-Georgetown metro area. Its population grew by 33.7% from 2010 to 2020 to 2,295,303 residents. During that same time, the population of Texas grew by 16.8%. Economic opportunity often drives population changes, and most of the fastest growing cities in each state have relatively high incomes compared to the state as a whole. The Austin-Round Rock-Georgetown metro area has a median annual household income of $80,954, well above Texas's median of $64,034. To determine the fastest growing city in each state, 24/7 Wall St. reviewed population data from the U.S. Census Bureau's Population and Housing Estimates Program. Metropolitan areas were ranked based on total population change from 2010 to 2020. Data on the components of population growth — births, deaths, international and domestic migration — also came from the PEP program. Supplemental data on employment used to calculate employment growth from 2010 to 2020 came from the Bureau of Labor Statistics. Seasonally adjusted data on the May 2021 unemployment rate also came from the BLS. Data on median household income came from the Census Bureau's 2019 American Community Survey and are one-year estimates. This is the fastest growing city in each state.     Can't see the article's infographic? Click here to view the original story.This story was originally published by 24/7 Wall St., a news organization that produces real-time business commentary and data-driven reporting for state and local markets across the country.