Personal finance site MagnifyMoney recently ranked Houston in the top 15 on its list of America’s Biggest Boomtowns. The ranking considered the changes in each metro area during the five-year period from 2011 to 2016 and rated them based on three criteria: population and housing growth; workforce and earnings; and business growth.
“The survey took into account factors such as total number of available housing units, unemployment rate, median earnings for workers, number of business establishments and number of employees paid per pay period to determine which metro areas aren't just rapidly expanding but actually sustaining healthy growth over time.”
Coming in at No. 11, Houston scored 77.77 in population and housing, 41.9 in workforce and earnings, and 43.9 in business growth, with a final score of 54.5. Only three cities received higher ratings in population and housing, which is indicative of Houston’s ability to effectively keep up with the growing number of new residents.
And we’re not alone. The Lone Star State dominated the list, representing five of the top 15 boomtowns in the nation – the only state to appear in the top 20 more than twice.
Click here to see the full list of American boomtowns.