Thanks to Rick Perry?

Austin and Ft. Worth booming; San Diego growth in middle of the pack

WalletHub, which aggregates statistics for states and metro areas, is out with new rankings: growth of metro areas between 2008 (the bottom of the Great Recession) and last year.

Among large metro areas, San Diego is 36th of 63, beaten by San Jose (25th) and San Francisco (30th), despite their high costs of living. The fastest-growing large metro areas in the United States are in Texas — Austin first, Fort Worth second.

WalletHub measured growth of population, household income, jobs, local economic performance per capita, and decrease of the poverty rate.

Clearly, San Diego has gotten too expensive to show the kind of growth it had in the 1980s. I found it interesting that all nine of the metro areas with the lowest economic growth per capita were in Nevada, including Las Vegas and Reno. The way casinos are closing in Atlantic City, it appears that as gaming has spread across the country, those places that once had monopolies, and also grew too fast, are experiencing woes.

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Comments

Well slower growth isn't all bad is it? Our overwhelmed infrastructure can barely keep up with the population we have.

MichaelValentine: I agree with you. San Diego couldn't take 3% to 4% growth now. The infrastructure can't keep up with today's population, as you point out. Best, Don Bauder

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