In 2018, Austin was voted the No. 1 place to live in America for the third year in a row and it remains a top location in the nation. Based on factors of affordability, employment opportunity and lifestyle, populations are coming to the city from both in state and out of state with now a resident base exceeded the 2 million mark and growing. The main attraction for the population growth stems mainly from the business interest that has been hitting the metro over the last ten years reaching peak growth rates into 2018 and present day.
Austin has been the fastest growing tech town in the U.S. for several years running, even competing with top tech locations like Silicon Valley with more than 147 companies securing almost $1 billion in funding just in 2015. Along with new start-ups and the next generation of entrepreneurs, giants like Amazon, Google, and Facebook have also opened offices in the city creating a network of employment opportunities for existing and new populations. This growing network of commercial opportunities has had both analysts and US populations looking to the Texas metro for investment and future professional opportunities and putting it in position to be one of the leading locations in the nation.
As more Americans are making the decision to rent, a large group of this population are single and looking for locations to live in that offer opportunity and affordability. The rental market is not created equal with certain areas appealing to families, professionals, urban dwellers and also singles. A new study by SmartAsset put together a compilation of the most affordable places to rent for individuals living on their own in 2019.
Looking at the US’ top 100 largest cities, the financial advisor site collected and evaluated data across key metrics reported by the Census Bureau and the Bureau of Labor metrics. Among the factors considered included each area’s median rent, the availability of single bedroom and studio apartments, the median annual earnings of residents, overall cost of living and unemployment rate. The collection of data points worked to focus in on the locations that have both access to and availability of single-friendly rentals as well as those locations that individuals have access to employment opportunities. Overall affordability and average income of each area also was part of the selection process to understand where living on your own is a possibility without falling under unmanageable financial restraints.
“With younger generations entering the renter pool and the trends showing these demographics are staying single longer, offering rental options for this demographic is a key growth strategy among property developers.” shares Texas-based property developer and CEO of Western Rim Properties, Marcus Hiles. The results of the report show a diverse selection of cities that are good options for singles with the state of Texas having the most cities mentioned covering 20% of the list. And the locations noted span across most of Texas’ popular metro areas including Austin, San Antonio and city suburbs of Dallas.
The Dallas-Fort Worth Metroplex of Texas has been capturing attention nationwide for its recent record breaking economic and population growth. Through key areas of resources, businesses, talent, affordability, and development, the current state of the city has been stimulating opportunities on both state, local and national level. Through its ability to boost the economy, attract wealth, and create jobs; DFW has been establishing one of Texas’ leading business networks that continues to grow outside of its city limits.
TCurrently home to a leading network of Fortune 500 companies, the Dallas metroplex also fosters a growing entrepreneurial community that has been making headlines. “With the number of startup businesses being established throughout the DFW area rising each year, the community and other industries supporting it are being fueled with opportunity.” shares leading Texas property developer, Marcus Hiles. With big businesses and more home-grown companies quickly consuming available space, resource networks, talent and more in the DFW area to create sustainable commercial environments, the city’s surrounding locations are also starting to reap the benefits.