Cheers to a prosperous new year: Survey ranks Dallas as economic powerhouse
The hits just keep coming as Forbes has rated Dallas among the top regions in the country to watch heading into 2014. Joining a host of other Texas cities, Dallas landed at the No. 6 spot of Forbes’ U.S. Regions to Watch in 2014 list, the fourth of four Texas towns on the list.
According to Forbes, the queen of this type of "I am better than you" listicles, the Praxis Strategy Group studied data from the country's largest metro areas. Economic vitality and demographic strength were measured using variables such as GDP growth, job growth, real median household income growth, current unemployment population growth, birth rate, domestic migration and the change in educational attainment.
Dallas showed a 9.3 percent GDP growth between 2007 and 2012; 6.4 percent job growth from 2007 to 2013; 10.2 percent population growth from 2007 to 2012 and just a 6.2 percent unemployment rate for 2013.
Coming in at No. 1, Austin crowned this index. Its impressive 21.7 percent GDP growth between 2007 and 2012 earned top dog over San Antonio (No. 2) and Houston (No. 4). Common factors among top performing cities were an educated population, racial diversity, technology industries and a strong energy sector.
Rounding out the top five cities, Salt Lake City came in at No. 3, and Nashville took the No. 5 spot. No other state besides Texas had more than one city in the top 10.