Texas making History: Hosts two of the five largest cities and more…

Yes, you heard it right. First time since the nation’s founding, two of the five largest cities (which are functionally defined as metropolitan areas) are in a single state (Texas). Dallas-Forth Worth and Houston are those two metro cities surpassing Philadelphia during last ten years to reach the top five position and they are even expected claim up to top two position in few decades by 2050.

A special report at newgeography.com talks about the 2013 annual metropolitan area population estimates by the US Census Bureau. It indicates a continuing and persistent dominance of population growth and domestic migration by the South. Between 2010 and 2013, 51 percent of the population increase in the 52 major metropolitan areas (over 1 million population) was in the South. The West accounted for 30 percent of the increase, followed by the Northeast at 11 percent and eight percent in the North Central (Midwest). Here are more snapshots of the story,

The dominance of the South was even greater when we turn to net domestic migration between Census Bureau regions. Nearly 785,000 more people moved to the major metropolitan areas of the South from other parts of the country than left. A much smaller 170,000 net domestic migrants moved to major metropolitan areas in the West. At the same time the Northeast lost 485,000 net domestic migrants and the Midwest lost 280,000.

Perhaps even more remarkable, the South, long a laggard as an immigrant destination, even led in net international migration (666,000 for a 1.2 percent over three years), though the Northeast added 546,000, for a 1.0 percent rate). Net international migration to the West was about the same, some 454,000 for a 1.0 percent rate. The Midwest had the lowest net international migration in the country and well below any other region (280,000, for a 0.6 percent rate)

The New York metropolitan area continues to hold the top position, having added nearly 400,000 residents since 2010 to rise to a population of 19,950,000 residents. At its current rate of growth, New York will exceed a population of 20 million in 2014.Los Angeles and Chicago continued to retain the second and third positions, which they seem likely to maintain for decades. Population projections by the National Conference of Mayors indicates strong growth in Dallas-Fort Worth and Houston over the next three decades could have them by pass Chicago by 2050.

Late in the last decade, Dallas-Fort Worth passed Philadelphia to become the fourth largest metropolitan area. Then, Philadelphia was passed by Houston in 2011. The result is that, for the first time since the nation’s founding, two of the five largest cities (which are functionally defined as metropolitan areas) are in a single state (Texas).

Among the 52 major metropolitan areas, Austin has grown at the greatest percentage rate since 2010 with Raleigh was the second fastest growing. Houston was the third fastest growing major metropolitan area over the three year period. Orlando ranked 4th in growth from 2010, while San Antonio was the fifth. The top ten was rounded out by Denver, Washington, Dallas-Fort Worth, Charlotte and Oklahoma City. Thus, among the 10 fastest-growing major metropolitan areas, nine were in the South and one (Denver) was in the West.

Net domestic migration is, not surprisingly, dominated by the major metropolitan areas of the South, especially Texas and Florida. Dallas-Fort Worth and Houston led the nation with more than 100,000 net domestic migrants (Figure $$$). Austin placed third in San Antonio was sixth. Charlotte ranked seventh, while the Florida entries Orlando stood at eighth and Tampa-St. Petersburg at 10th. The West had three big domestic migration lures, Phoenix (4th), Denver (5th), and Seattle (9th).

domestic-migration

There are too many driving forces for Texas to bring human force to have the state carry the top 2 metros out of five. Immigrants from neighboring mexico reducing cost of labor, international immigrants and domestic migration due to job growth in various fields(like Medical, Financial and more prominently oil and gas industry),low cost housing, longer summer period, low cost of living all seems to be very attractive to pass on…

Keep it going Texas…

About Vijaianand Thirnageswaram

I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.

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