Texas home to nation’s fastest-growing cities, new report says
Though the Lone Star State may not be the most populated one in the country – a title that belongs to California – it may assume that position in the not-too-distant future if the growth trend continues there, newly released numbers suggest.
San Marcos, Cedar Park and Georgetown are three of the 10 fastest-growing cities in the country, according to new data from the U.S. Census Bureau. The report is based on the number of people who relocated to an alternative residence between 2012 and 2013, specifically among cities with 50,000 people or more.
For the second straight year, San Marcos recorded the largest uptick in percentage growth. Meanwhile, the Texas capital of Austin saw its numbers increase by 21,000 – more than any other city with 1 million total residents or less.
What proved to be a theme between 2012 and 2013 was the amount of people heading southward. From a numeric growth perspective, of the 15 cities that added the most people, 13 were in the South or West. Still, the Lone Star State dominated, with Houston having the fourth-highest population in the country, behind only New York City, Los Angeles, and Chicago, respectively.
Millennials flock to Virginia, DC area
Whether it's for work-related purposes or to be closer to family, Americans move for a variety of reasons. Often times, these reasons tend to change depending on what stage of life individuals are in. For example, between 2007 and 2013, many millennials – people born between the 1980s and early 2000s – moved from lower-priced markets to those that are on the higher end, largely due to jobs being more available, according to a separate report from RealtyTrac. The top two counties that saw the largest jump in millennials over the six-year period were in the Washington, D.C. metro area – specifically Arlington County and Alexandria City located in Virginia. The number of millennials rose 82 percent and 81 percent, respectively.
Daren Blomquist, RealtyTrac vice president, indicated that millennials are naturally attracted to parts of the country where there are more jobs. However, the tradeoff is that these areas are sometimes more expensive to buy a house or rent an apartment.
One of the first things homeowners and/or renters should do if they're moving is get in touch with their insurer. Providers often have offices in multiple states, so this should help make the homeowners insurance transferral process more streamlined.