dwindling savings

Dallas-Fort Worth ranked No. 1 with highest inflation rate in the U.S.

Monthly bills, subscriptions, and taxes, oh my.

Inflation has certainly rattled the national economy, but some cities are feeling that sting harder than others — especially Dallas-Fort Worth.

According to new study by personal finance experts WalletHub, Dallas-Fort Worth-Arlington has been saddled with the No. 1 highest inflation rate in the U.S.

The report compared 23 of America’s largest metropolitan statistical areas (MSAs) with Consumer Price Index data to measure inflation trends in two timetables:

the most previous month (November)
the most recent year

In the most previous month November, Dallas-Fort Worth saw the biggest climb in the U.S. with an increase of .90 percent when compared to the two prior months.

In the most recent year, inflation in DFW increased by 5.2 percent year-over-year from November 2022. On that list, DFW came in at No. 2, behind Miami which endured a 5.7 percent increase.

DFW's inflation woes are still an improvement when compared to an April 2023 WalletHub report that saw DFW experiencing the 10th highest inflation rate in the U.S., at 5.8 percent year over-year.

Daniel C. O'Neill, a professor of political science and chair of the School of International Studies at University of the Pacific, cited previous government policies, post-COVID-19 pandemic recovery, and employee demands for higher pay as the major factors behind rising inflation.

As consumer demand rose with the introduction of stimulus checks and unemployment benefits during the pandemic, O'Neill explained, businesses post-pandemic had to raise their pay to attract workers.

"In addition, anecdotally it seems that many businesses hit especially hard by the pandemic, such as movie theaters and restaurants, raised prices when people returned to make up for some of those losses during the pandemic," he said. "While rising wages are a good thing, if they do not keep up with increases in the price of rent, food, gas, and other necessities, they are not real increases and wages."

Dallas-Fort Worth wasn’t the only Texas metro area to make WalletHub’s top 10. Houston ranked No. 7, with inflation rising 4.5 percent year-over-year from November 2022.

The top 10 metro areas where inflation is rising the most are:

No. 1 – Dallas-Fort Worth-Arlington, Texas
No. 2 – Miami-Fort Lauderdale-West Palm Beach, Florida
No. 3 – Urban Honolulu, Hawaii
No. 4 – San Diego-Carlsbad, California
No. 5 – Detroit-Warren-Dearborn, Michigan
No. 6 – Tampa-St. Petersburg-Clearwater, Florida
No. 7 – Houston-The Woodlands-Sugar Land, Texas
No. 8 – Riverside-San Bernardino-Ontario, California
No. 9 – Denver-Aurora-Lakewood, Colorado
No. 10 – Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland

The full report can be found on wallethub.com.

dallas fort worth wallethub reports economy lists

population explosion

7 booming Dallas neighbors see biggest population growth in U.S.

City of Denton, TX - City Hall/Facebook

Denton had the biggest population growth rate in Dallas-Fort Worth from 2022 to 2023.

Denton, Mansfield, McKinney, and more North Texas cities are among the fastest-growing places in the country, according to a new population growth study by SmartAsset.

The report, "These Cities Saw the Largest Growth in Population – 2024 Study," examined U.S. Census population estimates for 2023, 2022, and 2018 to determine one-year and five-year population changes for 610 U.S. cities with populations of at least 65,000 residents in 2023 (where the most recent data was available).

Silver Spring, Maryland had the No. 1 biggest population boom nationwide from 2022 to 2023, SmartAsset found. The Washington, D.C. suburb grew 12.86 percent year-over-year, bringing the city's total population from 75,313 to 84,996 residents in 2023.

Denton took the lead over all other Dallas-Fort Worth cities with the 16th-largest one-year population growth rate in the U.S., at 5.32 percent. Denton gained over 8,000 residents from 2022 to 2023, bringing the city's total population to 158,361 in 2023.

This should come as no surprise to those who already live in Denton, who may know their hometown was ranked one of the safest suburbs in America.

Mansfield trailed close behind with a 4.16 percent increase in population during that same period, which landed it the No. 26 spot in the one-year population change analysis. The city gained 3,189 new residents in that time, adding up to a total population of 79,775 residents in 2023.

McKinney appeared farther down the list as No. 49 with just a 2.89 percent one-year growth rate from 2022 to 2023, and a total population of 213,504 residents.

Only four other Dallas-Fort Worth cities appeared in the top 100 fastest growing cities in the U.S. from 2022 to 2023:

No. 61 – Frisco (2.48 percent increase)
No. 72 – Rowlett (2.48 percent)
No. 73 – Lewisville (2.17 percent)
No. 99 – Flower Mound (1.73 percent)

The report suggested major population shifts in communities like Denton or Mansfield can result in "a variety of interwoven economic and social impacts."

"The magnitude of the population change can affect demand for businesses and services, which in turn may impact costs – or even the availability of such amenities," the report's author wrote. "Similarly, the relative age of the population can determine the strength or weakness of the local job market, as well as have an impact on local culture, economic trajectory, tax base and more."

Fast-growing cities elsewhere in Texas
Texas cities dominated the top 10 list of cities where population grew the most from 2022 to 2023.

New Braunfels, a San Antonio suburb, ranked No. 2 nationally with an 12.49 percent one-year population boom, and a 29.68 percent growth rate from 2018 to 2023. The city gained 12,318 new residents in that time, adding up to a total population of 110,961 residents in 2023.

Just two spots behind New Braunfels is the North Austin suburb of Georgetown (No. 4), which grew 11.34 percent to 96,317 residents in 2023. According to the report's five-year population change analysis, Georgetown ranked seventh with a 29.85 percent growth rate.

The Houston suburbs of Atascocita and Conroe ranked No. 5 and No. 9, respectively. Atascocita's total population grew to 119,502 residents in 2023, which represented a 11.03 percent growth rate from 2022, and a whopping 38.56 percent population increase since 2018. Conroe's 6.73 percent one-year population increase paled in comparison, but the city grew 23.49 percent during the five-year period from 2018 to 2023.

The top 10 U.S. cities where population grew the most from 2022 to 2023 are:

No. 1 – Silver Spring, Maryland
No. 2 – New Braunfels, Texas
No. 3 – Glen Burnie, Maryland
No. 4 – Georgetown, Texas
No. 5 – Atascocita, Texas
No. 6 – Pine Hills, Florida
No. 7 – Elgin, Illinois
No. 8 – Lehi, Utah
No. 9 – Conroe, Texas
No. 10 – Dale City, Virginia

population growth reports smartasset dallas fort worth denton suburbs mansfield