By: Dahlia Dandashi / Austin Community Newspapers
Texas has dominated the ranks on WalletHub’s 2017 Fastest Growing Cities in America list. Ten cities in the state make the top 50, with Round Rock and its southern neighbor, Austin, claiming spots in the top 15.
In order to determine the most rapidly growing local economies, WalletHub, a personal finance website, analyzed and compared 515 cities of varying population size based on two key dimensions: sociodemographics and jobs and economy.
Analysts also compared the cities over 15 key measures of both growth and decline over a 7-year period, as well as gathered insight from researchers.
Though in the past, Austin has claimed the title of fastest growing city, Frisco tops at No. 1 in this recent study. Midland and McKinney come in at No. 5 and 6, Austin at No. 9 and Round Rock trailing closely at No. 14.
When ranked in relation to city size, Round Rock, a medium sized city (100,000-300,000 people), came in at No. 8.
Round Rock is considered a large factor in Central Texas’ growth, as its population increase jumped 4.2 percent from 2015 to 2016, according to U.S. Census data.
To learn more about the study and its methodology, read more on WalletHub.