The Collin County cities of Frisco and McKinney, known for their innovative approaches to attracting businesses and new residents, are among the 10 fastest-growing mid-size cities in the United States, according to a new analysis by the personal finance website WalletHub.
Frisco ranked as the No. 1 medium-size city, while McKinney ranked No. 6. In the large city category, Fort Worth ranked No. 7 and Dallas came in at No. 33.
FRISCO HAD HIGHEST JOB GROWTH
The website’s analysts compared 515 U.S. cities across 14 metrics to determine the cities that have grown the most rapidly between 2009 and 2015. Among those metrics were population growth rate, college-educated population growth, and unemployment rate decrease.
Frisco, with a population of roughly 157,860, had the highest job growth in the nation at 5.32 percent, while McKinney had the highest poverty rate decrease at 9.63 percent, WalletHub said.
Collin County is experiencing rapid growth all around, as businesses flock to such developments as the “$5 billion mile” in Frisco, the new Toyota North American headquarters in Plano. Other businesses such as State Farm, Raytheon and Liberty Mutual have expanded in the Collin County area as well.
Among the businesses that have recently made Frisco home are the Dallas Cowboys, which opened its new headquarters and training facility wishing the “$5 Billion Mile.” The facility has high-tech amenities, including an innovative LED installation inside the Cowboys’ headquarters building.
GRAND PRAIRIE ALSO RANKED
Frisco’s total score on the WalletHub analysis was 66.57, topping League City, Texas, in second at 66.18.
McKinney’s score was 62.66. Grand Prairie finished in the top 30 among mid-size cities, coming in at No. 27 with a score of 56.34.
The analysis was just the latest example of North Texas cities ranking highly in a WalletHub release.
In May, Plano and Grand Prairie ranked in the top 20 Best Cities for Hispanic Entrepreneurs. Plano came in at No. 12, while Grand Prairie ranked No. 18.
Delivering what’s new and next in Dallas-Fort Worth innovation, every day. Get the Dallas Innovates e-newsletter.