Photo courtesy of Adreanna Moya Photography
There seems to be no sign of slowing for Austin’s booming growth! Our beloved city was recently recognized by Forbes as its number one fastest-growing city for 2014. This is the fourth year in a row that Austin has topped the list. Austin's 2.5% population growth in 2013 was the highest of all the cities measured by Forbes. According to local demographer Ryan Robinson, 110 people move to Austin on a typical day. As of April 2013, about 1.8 million people call the Austin metro area home. The region is predicted to hit the 2 million mark soon. What's bringing everyone to the Texas capital city? Jobs, low unemployment and a solid economy are just a few of the factors tempting future Austin residents.
The city boasts an unemployment rate of about 5%, which is among the lowest in the country. Austin’s stunning economic growth of 5.9% in 2013 also helped the city hold on to the number one spot. Over the last nine years, city leaders have made huge efforts to bring in top companies from outside of Texas. Apple, Facebook, Dropbox and most recently Athena Health are just a few of the 307 companies that have decided to make their home in Austin. 100 of those companies are California transplants. Besides the people moving from outside of Texas to Austin, there are plenty of local graduates from the University of Texas clamoring to fill the job openings at these companies. The demand for Austin jobs isn’t going away any time soon.
Austin wasn’t the only Texas city to make the Forbes’ list of fastest-growing cities. Dallas took the number four spot, while Houston secured the number 10 spot. San Antonio also made the list at number 20. Raleigh, North Carolina followed Austin in the number two spot and Phoenix, Arizona and Salt Lake City, Utah rounded out the top five. This recognition is just the first of many other top accolades that will continue to put Austin in the national spotlight in 2014.