DFW Boom

Forbes names Dallas-Fort Worth one of America's next boomtowns

Forbes names Dallas-Fort Worth one of America's next boomtowns

Bank of America Plaza in Downtown Dallas
Things are booming in Dallas. Photo courtesy of Bank of America Plaza

Texas is the land of opportunity, according to Forbes' report on America's next boomtowns. Forbes analyzed the 53 largest metro areas in the country to determine which have the best chance of prospering in the next decade, and four of the 10 are in Texas. 

"The most vital parts of urban America can be encapsulated largely in one five-letter word: Texas," says Forbes, declaring Austin No. 1, Houston No. 6, Dallas-Fort Worth No. 7, and San Antonio No. 8 on the list.

"Austin, Houston, Dallas-Fort Worth, and San Antonio are very different places, but they all have enjoyed double-digit job growth from 2010 through 2014, well above the national average of 8.1 percent," Forbes notes. These Lone Star hubs also boast huge increases in populations of young, educated millennials and households with children. The metros have also seen hikes in income growth.

In Dallas-Fort Worth, it looks like this: DFW experienced 15 percent job growth from 2010-2015 and an 8.2 percent population increase from 2010 to 2014. And, 33 percent of the population ages 25-44 have at least a bachelor's degree. 

Dell also expects big things from Texas. According to the recently published Dell Future Ready Economies Model, Dallas-Fort Worth is America's 10th most future-ready city; Austin and Houston also make the cut.