Midland Ranked 2nd Fastest-growing Metro in America; Austin at No.3

CityBizList Dallas

By: Sindhu Madhusudan

Over the last three years, more than 16,000 Americans moved to The Villages, Fla., making the retirement community America’s fastest-growing metropolitan area, 24/7 Wall St. reported citing recent data from the U.S. Census Bureau.

The business news site studied Census Bureau data for 381 metropolitan statistical areas from April 2010 through July 2013, before coming up with the 10 fastest-growing metro areas in terms of population.

Better employment opportunities and low costs of living are some of the factors that have attracted population to these counties, despite the generally sluggish migration rates in the country. While explaining the population rise in Odessa and Midland, Texas, Bill Frey, senior fellow and demographer at the Brookings Institution, told 24/7 Wall St.: “They just happen to have an oil boom.”

Here are some of the 10 fastest-growing metro areas in terms of population, according to 24/7 Wall St:

1. The Villages, FL

Population growth: 14.60%
Total population: 107,056 (40th lowest)
According to 24/7 Wall St., the community was started in the 1980s by billionaire H. Gary Morse as a community for wealthy retirees aged 55 and older.

2. Midland, TX

Population growth: 10.67%
Total population: 156,780 (125th lowest)
The 10.7% growth in population between 2010 and 2013 was the result of the oil boom.

3. Austin-Round Rock, TX

Population growth: 9.72%
Total population: 1,883,051 (35th highest)
24/7 Wall St. reports that Austin-Round Rock area’s median age is just over 33 years old, among the lowest in the country.

4. Odessa, TX

Population growth: 8.93%
Total population: 149,378 (107th lowest)
Oil boom and better job opportunities are the main contributing factors.

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