A new report from financial planning site MagnifyMoney ranks the 35 U.S. "boomtowns" that are drawing in the most people, job opportunities, and business and industry growth.
Texas took the cake in the ranking with six of its cities in the top 35, and Austin in the number one spot. Austin scored a clean 100 points for its population and housing growth score, and had a 83 business growth score. Florida had the next most cities on the listing, including Sarasota, Orlando, Miami, and Fort Myers. Orlando ranked best at fourteenth, with a 67.6 business growth score, Business Insider reports. Utah and North Carolina had the next most cities in the list, with three apiece. Provo, Utah ranked second best overall, and Raleigh was determined to have the third best scores.
To calculate the ranking, every metro was scored on a scale of 100 in three categories: People and housing: How many people are flocking to the area and is the metro keeping up, considering total population and housing units. Workforce and employment opportunities: Unemployment rates, civilian labor force, and median earnings. Growing industry: Rate of business and industry growth, including number of establishments and paid employees per paid period.