Booming Texas cities dominate list of America's best economies
Texas is brimming with booming economies, according to a new report from WalletHub. The financial website has ranked the U.S. cities with the fastest growing economies, and the Lone Star State dominates the rankings with nine cities in the top 10.
To determine the rankings, WalletHub looked at data from 2008 to 2014 and focused on 10 socioeconomic metrics, including population rates and job growth. Scores were assigned to each category and then combined to create an overall ranking.
Odessa leads the nation, followed by Frisco, No. 2; Midland, No. 3; Mission, No. 4; and College Station, No. 5. Other Texas cities in the top 10 are Killeen, No. 6; Bryan, No. 8; Austin, No. 9; and Round Rock, No. 10. Kent, Washington ranks seventh.
In addition to its top 10 ranking, Austin has the fastest growing economy among large cities in the U.S. Fort Worth, which ranks No. 18 on the overall list, ranks third among large cities.
San Antonio comes in at No. 62, just behind Houston (No. 59), but ahead of Dallas (No. 86).