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With all the construction cranes on the highway and business moves to the area, it’s no surprise that Dallas has ended up on a new list of the country’s biggest boomtowns.
All of Texas’ major metros ended up near the top of the new ranking by Magnify Money.
Dallas ranked in seventh place in the comparison of top U.S. growth cities.
"Americans are flocking to and prospering in Texas," Kali McFadden with Magnify Money, a consumer finance website, said in the report. "Texas metros take up one-third of the top 15 spots."
Austin was rated the top U.S. boomtown in the report. And San Antonio was just after Dallas in ninth place.
Magnify Money ranked cities on factors including population growth, housing and rising employment and incomes.
"The first thing we looked at was how much business and industry has grown locally," McFadden said. "We not only wanted to know how many new businesses there are but also how businesses in general are doing, as measured by their increase in hiring and — for businesses that don’t have employees, known as non-employers — how much revenue has increased."
While Texas towns hogged the beauty contest, cities in the Northeast and Midwest were near dead last in the ratings.
Some cities in Pennsylvania, New York, Connecticut and Ohio saw their labor forces and the number of businesses shrink for the 5-year period used in the comparison.
North Texas has been one of America’s fastest growing markets since the Great Recession, leading the county in job gains and population growth.
Source: Magnify Money