Frisco, Mckinney and Allen in 2015 Fastest Growing Economies

Some cities have it all – the best of jobs, schools, museums, nightlife, you name it. They know the recipe for attractiveness. But other cities like Detroit continue to struggle in recession. Chances of such economies turning upward are slim. And their most productive citizens — an economy’s best chance of recovery — are compelled to search for greener pastures.

In 2014, the U.S. recorded its lowest population gain since the Great Depression. Growth stood at .73 percent, largely in contrast with the 5 percent of the 1990s, a period of prosperity. Demographer William H. Frey of the Brookings Institution attributed the decline to the economic downturn. Not only did the crisis deter job-seeking migrants from flocking to the U.S., but it also discouraged couples from having children. Meanwhile, population numbers shifted across states, creating short- and long-term effects on local economies.

In WalletHub’s 2015 List of Cities with Fastest Growing Economies, there are three cities from Collin County Texas: Frisco was ranked #2, Mckinney #11 and Allen #15. In the top 15 list, there were 13 Texas cities. Allen was also ranked #11 Best Cities to Find a Job in 2015

In order to identify the cities that have expanded most rapidly in socioeconomic terms between 2008 and 2014, WalletHub compared 515 U.S. cities of varying sizes across 10 key metrics, ranging from population growth to unemployment rate decrease. The results of our study, as well as additional insight from experts and a detailed methodology, can be found below.

Overall Rank City Total Score
1 Odessa, TX 79.54
2 Frisco, TX 76.6
3 Midland, TX 74.98
4 Mission, TX 73.11
5 College Station, TX 69.75
6 Killeen, TX 69.16
7 Kent, WA 68.54
8 Bryan, TX 68.1
9 Austin, TX 67.91
10 Round Rock, TX 67.62
11 McKinney, TX 67.15
12 Edinburg, TX 66.54
13 San Marcos, CA 66.31
14 Pharr, TX 66
15 Allen, TX 65.53

Link: WalletHub’s 2015 List of Cities with Fastest Growing Economies

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Collin Image Blog Editorial Team
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Collin County news and updates by www.collinimage.com

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