Metro Phoenix Among Fastest-Growing Cities for Population and Economy

Forbes magazine named Phoenix as one of the fastest-growing cities in America.

Forbes says the list was compiled by assessing the 100 most populous metropolitan statistical areas (MSAs) and their surrounding suburbs as defined by the U.S Office of Management and Budget. Factors assessed were the estimated rate of population growth for 2012 and 2013, the rate of job growth in 2012, and the rate of gross metro product/economic growth for 2012.

Phoenix ranked No. 8 out of the 100 MSAs.

Here’s how Forbes broke down metro Phoenix:

  • MSA: Phoenix-Mesa-Glendale, Arizona
  • 2012 population growth rate: 1%%
  • 2013 expected population growth rate: 2.7%
  • Job growth rate: 2.5%
  • Unemployment: 6.5%
  • Gross Metro Product growth rate: 4.1%
  • Median salary: $62,600

The list of the top 20 MSA’s are —

  1. Austin-Round Rock-San Marcos, TX
  2. Houston-Sugar Land-Baytown, TX
  3. Dallas-Fort Worth-Arlington, TX
  4. Raleigh-Cary, NC
  5. Salt Lake City, UT
  6. Seattle-Tacoma-Bellevue, WA
  7. Provo-Orem, UT
  8. Phoenix-Mesa-Glendale, AZ
  9. San Antonio-New Braunfels, TX
  10. Portland-Vancouver-Hillsboro, OR-WA
  11. Washington-Arlington-Alexandria, DC-VA-MD-WV
  12. San Jose-Sunnyvale-Santa Clara, CA
  13. San Diego-Carlsbad-San Marcos, CA
  14. San Francisco-Oakland-Fremont, CA
  15. Boise City-Nampa, ID
  16. Denver-Aurora-Broomfield, CO
  17. Oklahoma City, OK
  18. Charlotte-Gastonia-Rock Hill, NC-SC
  19. Bakersfield-Delano, CA
  20. Ogden-Clearfield, UT

Click here for more on the Forbes report.

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