Over the past decade, immigration to Fort Worth has been consistent and extremely high. In fact, the population has grown by 24% since 2010. While immigration to cities is normal throughout the country, this incredible percentage has made For Worth the 3rd fastest growing city in the country. So let’s find out: Why is Fort Worth Growing so fast?
Fort Worth is growing in population so quickly because there are plenty of jobs, the cost of living is low, and there is space in the city for new homes. More companies are moving their offices to the city and even with the intense migration, there is no shortage of housing because of the widespread layout.
If you want to learn a little more about why Fort Worth is growing so fast, what this means for the city and its residents, and why moving to Fort Worth might be the right choice for you, keep reading! In this article, we are going to discuss everything there is to know about the booming metropolis of Fort Worth, Texas.
Why is Fort Worth Growing so Fast?
There are essentially three reasons why Forth Worth has gained 12,916 residents in only the past year and has grown by 24% over the last decade.
- Several companies, including many of the Fortune 500 list, have moved either their headquarters or their satellite offices to Fort Worth.
- The cost of living is extremely affordable compared to other US cities.
- There is plenty of space on the outskirts of the city for housing.
Now, let’s dig a little deeper into why these three reasons why the city is growing so astonishingly quickly!
Plenty of Jobs
Fort Worth is already home to the headquarters of well-established companies like Texas Instruments, American Airlines, Southwest Airlines, Kimberly-Clark, and DR Horton.
And within the past few years, companies such as California-based Jacobs Engineering, Fluor, Toyota Motor North America, McKesson, Tenet Healthcare, CBRE, and Charles Schwab have moved their headquarters into the city as well.
The fact that there are so many corporate jobs is, of course, increasing the population, which in turn is expanding the leisure and hospitality sector, as well as retail and other service-based industries, creating jobs across the board.
Low Cost of Living
In addition to the many opportunities within the job market, people are flocking to Fort Worth because of the low cost of living.
Fort Worth’s cost of living index is 99.8, which is slightly higher than the average throughout the rest of the state but quite a bit lower than the average for the company.
Comparatively, the cost of living index in Los Angeles, California is a whopping 176.2 and in New York City it’s almost as high at 168.6.
Safe to say that if you want a bit of city life while still being able to pay your bills. Fort Worth is a great choice!
The cost of housing is 21% lower than the country’s average and the state income tax is an almost unbelievable 100% lower compared to the country’s average.
Across the board, you will certainly save money by moving to Fort Worth, unless you are moving from another small town in Texas, in which case there are a lot of other fantastic reasons to make the move to this booming city.
Substantial Space for Housing
Here’s the thing, in regards to square mileage, Fort Worth is almost the exact same size as Dallas, Texas. However, Fort Worth has about 300,000 fewer residents than Dallas.
That simply means that there is more space for the taking! Homes on the north side of the city are plentiful and affordable, and a lot of young corporate workers are making the moves to the outskirts to save money while still being able to enjoy the perks of city life.
In downtown Fort Worth, prices are slowly rising as many immigrants want to live in the center of the action, but if you’re willing to live just a few miles out, there are a lot of affordable options on the market!
Is Fort Worth a Good Place to Live?
While most of the data we have provided as to why so many people have moved to Fort Worth is quantifiable, there is another reason as to why it is growing so fast as well: Fort Worth is a great place to live.
Is it relatively safe, especially compared to other cities in the country, there is a booming food and entertainment scene, a fun culture, and an overall general feeling of contentment among its residents.
The Bottom Line
Hopefully, you now understand exactly why Fort Worth is growing so fast, and even why it’s such a great place to live!
With plenty of jobs, affordable housing, and a low cost of living, all with the great parts of living in a metropolitan city, Fort Worth is certainly one of a kind!