With new companies of all sizes coming to the region and an influx of new residents, according to a recent report from WalletHub, North Texas is home to some of the fastest-growing cities in the nation.
Toyota Motor North America in Plano and the looming relocation of Charles Schwab to Westlake are just a couple of examples of major companies placing their headquarters in DFW.
WalletHub’s recent report ranked Frisco as the fifth fastest-growing city in the U.S. and McKinney as no. 13 out of the 515 cities nationwide that WalletHub examined. The report looked at socio-demographics, jobs, and the economy to create its rankings. Dallas ranked no. 128 overall, while Fort Worth came in at no. 50.
Breaking down the numbers
The report was also categorized by city size, with mid-size cities between 100,000 and 300,000 residents and large cities of more than 300,000 people.
Frisco came in at no. 3 among mid-size cities with McKinney ranking at no. 10. In the large city ranking, Fort Worth was no. 7 and Dallas came in at no. 20.
In the socio-demographics ranking, Frisco came in third with McKinney ranking no. 10, according to the report. The socio-demographics ranking includes the city’s population growth, working-age population growth, as well as growth in the share of college-educated individuals.
The jobs and economy category examined job growth, the increase of full-time and part-time jobs, median household income growth, as well as other factors, according to the report.
Here’s a look at how North Texas cities ranked overall in the report:
- 5 – Frisco
- 13 – McKinney
- 38 – Richardson
- 42 – Denton
- 50 – Fort Worth
- 85 – Flower Mound
- 110 – Irving
- 121 – Allen
- 128 – Dallas
- 138 – Carrollton
- 155 – Lewisville
- 159 – North Richland Hills
- 206 – Plano
- 229 – Grand Prairie
- 234 – Arlington
- 257 – Garland
- 326 – Mesquite
Dallas-Fort Worth has ranked highly in similar studies examining aspects of urban economies. For example, earlier this month DFW ranked no. 7 among the nation’s Top 20 Best Tech Cities for IT jobs in this year’s CompTIA Tech Town Index 2019 as a place to succeed, grow, and have a good life.
In its report, the Computing Technology Industry Association called DFW a “pot of gold” because the area has a large number of potential tech talent that hasn’t reached working age yet.
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