Cheers to a prosperous new year: Survey ranks Houston as economic powerhouse
This just in: Houston shows up (again) in another research study that ranks top performing cities in the U.S. This time, the survey focuses on economic thrust going forward into the next year.
After all indicators were considered equally, Houston came in at No. 4 in Forbes' U.S. Regions to Watch in 2014 list.
According to Forbes, the queen of this type of "I am better than you" listicles, the Praxis Strategy Group studied data from the country's largest metro areas. Economic vitality and demographic strength were measured using variables such as GDP growth, job growth, real median household income growth, current unemployment population growth, birth rate, domestic migration and the change in educational attainment.
Houston's standing is due to its 12.3 percent GDP growth from 2007 to 2012, 9.2 percent job growth from 2007 to 2013, 11.5 percent population growth from 2007 to 2012 and 6.3 percent unemployment rate for 2013.
Coming in at No. 1, Austin crowned this index, its impressive 21.7 percent GDP growth between 2007 and 2012 earning top dog over San Antonio at No. 2 and Dallas at No. 6. Common factors among top performing cities were an educated population, racial diversity, technology industries and a strong energy sector.
It's a good time to live in the Lone Star State, isn't it?