IT Career JumpStart

Jan 2 2014   3:42PM GMT

Forbes sez: Austin Has Biggest Economic Momentum Going into 2014

Ed Tittel Ed Tittel Profile: Ed Tittel

It’s always nice to see one’s home town come in for accolades or honorable mention. Thus, I got more than a frisson of joy yesterday when a Google+ post from my old friend and Novell colleague, Bob Barker (no, not the “Price Is Right” guy, in case the name makes you wonder) about this recent story (12/26/2013) from Forbes: “The Metro Areas With The Most Economic Momentum Going Into 2014.”

Keeping things weird finally pays off for beautiful Austin, TX.

Keeping things weird finally pays off for beautiful Austin, TX.

In fact, a slightly deeper dig into these ratings from Forbes reveals that The Lone Star State itself also registers strongly and decisively within the Top 10 elements there, with the following additional Texas cities appearing:

Information about Texas Cities from “US Regions to Watch” (Forbes, 12/26/2013)
Rank City GDP Growth Job Growth Pop Growth
(8/2007 – 10/2013)
Median HH Income Chg
1 Austin 21.7% 11.8% 16.3% -5.4%
2 San Antonio 11.2% 6.2% 11.1% +0.4%
4 Houston 12.3% 9.2% 11.5% -4.7%
6 Dallas 9.3% 6.4% 10.2% -6.0%

The magazine used four metrics to gauge what they call “economic vitality” in making this assessment — namely, GDP growth, job growth, real median household income growth and current unemployment. To measure “demographic strength” the publication compiled statistics for population growth, birth rate, domestic migration and changes in educational attainment. Furthermore, here’s what they said about the preceding Texas locations:

As has been the case for most of the past five years, Texas cities are clearly the place to be in terms of job creation, wealth formation and overall growth. All the other major Lone Star cities place highly on our list, including second-place San Antonio and Houston (fourth). Clearly many parts of the Sun Belt have not died off, as many Eastern pundits gleefully predicted during the recession. The migration of Americans southward, thought by the Eastern press to have petered out, has resumed, particularly to Texas and Sun Belt cities with strong economies.

The full list of “U.S. Regions to Watch” for the story also includes key statistics for the cities it mentions, used to populate the preceding table. If this isn’t enough to get IT pros thinking about joining me down here in the Lone Star State, it’s not my fault.

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