Frisco might be one of the most expensive suburbs in Texas, but that doesn’t seem to be slowing down its growth rate. Personal-finance website WalletHub recently conducted an in-depth analysis of 2016’s fastest growing cities, and lo and behold, Frisco took the No. 1 spot.
Also in the top 10 is McKinney, at No. 8. We knew our suburbs were growing fast, and here is the proof.
To identify the U.S. cities that grew the most rapidly between 2009 and 2015, WalletHub’s analysts compared 515 U.S. cities across 14 key metrics, ranging from population growth rate to college-educated population growth to unemployment rate decrease.
WalletHub also produced separate rankings for large (300,000 or more), midsize (100,000-300,000), and small cities (less than 100,000).
Looked at this way, Fort Worth also ranks highly, at No. 7 among its big counterparts. Surprising no one, Austin is the No. 1 fastest growing large city.
League City, in Galveston County, is the fastest growing small city.
According to the survey, Frisco experienced the highest job growth, at 5.32 percent, while No. 15 College Station had the highest household income increase, at 9.07 percent. McKinney saw the highest poverty rate decrease, at 9.63 percent.
All in all, Texas is obviously booming. Unfortunately, Ohio can’t say the same thing. Three cities there — Cleveland (No. 508), Cincinnati (No. 509), and Toledo (No. 512) — came in as the 10 slowest growing. Jacksonville, North Carolina, came in last, at No. 515.