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According to new data from U.S. Bureau of Economic Analysis, Austin’s economy grew 6.1% from 2013 to 2014 making it the 3rd fastest growing economy among the 50 largest metros in the U.S. Of the top 10, 3 Texas cities made the list of metros with the highest increases in GDP. The fastest growing sectors that contributed the most growth were durable goods manufacturing and professional and business services.
List of Metros with Highest Increases in Gross Domestic Product (GDP) from 2013-2014
- Dallas-Fort Worth – 8.5%
- San Jose – 6.7%
- Austin – 6.1%
- San Francisco – 5.2%
- Denver – 5.0%
- Portland – 4.3%
- San Antonio – 3.8%
- Nashville – 3.6%
- Orlando – 3.4%
With home prices increasing year-over-year, it’s also a great time to invest in Austin real estate.