Austin claimed a top spot for metro area’s most economic momentum heading into 2014 as reported by Forbes.
Austin had beated San Antonio and Salt Lake City for the first spot where both city landed on top two and top three respectively. The job growth at Texas capital, Austin is 11.8% from the year of 2007 around august to October of the present year. It was also noted that for the year 2007-2012 massive GDP growth is of 21.7%.
Recognized as one of the healthiest cities in USA, Austin has maintained a 5.4% average for the unemployment rate and is believed to continue to fall in the coming year of 2014.
Forbes reported 16.3% growth in the population during the year 2007-2012 that is more likely to increase in 2014. There is also 17 per 1,000 net domestic migration gain and 14.2 per 1000 birthrate in Austin.
The median household income has also changed to -5.4% due to the rise in home prices and Central Texas’ have reached the highest rent cost for the year.
Overall, Austin have a positive and promising economy for the following years.