Four Texas cities are among the fastest growing in the U.S., a new study says
Texas isn’t getting any bigger, but cities seem to be growing.
Casino of Kings recently put together a study analyzing the fastest-developing cities to see which had the largest population growth. Texas has the most cities on the list.
Goodyear, Ariz., is the fastest-growing city, with a 42% increase in residents within the past five years. St George, Utah, had the highest employment growth rate, at 5%.
“Metrics like infrastructure investments, housing development, job growth rate, population growth, and unemployment rate were taken into account to come up with the composite score by which the cities are ranked,” according to Casino of Kings.
North Texas, in particular, has two of the fastest-growing cities in the state: McKinney and Frisco.
Fastest growing cities in Texas
No. 3 Frisco
No. 2 biggest infrastructure investments (following Goodyear, Ariz.) of $120 million.
Job growth rate of 4.5%.
36.8 new houses built per 1000 existing homes.
Unemployment (lower than Goodyear, Ariz. and St George, Utah) is at 3.2%
No. 4 McKinney
Infrastructural investments are $100 million.
Number of jobs grew 4.5%.
Population in the city grew 18.74% in the last five years.
Lowest unemployment rate in the ranking at 3%.
No. 7 Conroe
Infrastructure investments of $75 million.
Increased total population by 22.72%.
No. 2 highest investments per person at $673.36 (2.5 times less than Goodyear, Ariz.)
No. 8 League City
Population of the city grew 19.9%.
Jobs grew 3.2% and a net benefit of 0.2%.
Unemployment is 3.1% (one of the lowest on the list).
Casino of Kings methodology
Casino of Kings gathered rapidly developing cities and assigned each one a ranking out of 100 based on a population growth index.
The scores were based on data from 2024 population/job growth rates (from World Population view), housing market data (Construction Coverage source), infrastructure and urban development, and cost of living (U.S. Bureau of Labor Statistics).
Job growth rate and infrastructure investment each made up 30%. The remaining 40% was based on equal parts housing development and salary/cost of living growth.