Houston - 10 big, booming cities - CNNMoney

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10 big, booming cities

New residents are flocking to these 10 cities, which added the largest number of residents between July 2011 and July 2012, according to Census Bureau.

Houston

ten fastest growing cities houston
  • Population: 2.2 million
  • New residents: 34,625
  • Percentage gain: 1.6%

Houston's secret ingredient to growth: energy.

With oil prices hovering around $90 a barrel the past couple of years, oil profits have poured into town.

"[Houston has] always been influenced by the petrochemical industry," said Texas state demographer Lloyd Potter.

But nowadays the area has diversified into health care, financial services and construction, which has made the area much more stable economically, he said.

The well-paying jobs these employers provide make it that much more affordable for new residents to move here. Home prices in the metro area are well below the national median.

Source: United States Census Bureau.
Cities with the largest numeric increase from July 1, 2011 to July 1, 2012.
  @CNNMoney - Last updated May 24 2013 03:00 PM ET

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