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The Top 12 American Boomtowns

By Bloomberg Rankings and Nikhil Hutheesing - 2013-04-24T14:48:01Z

Photograph by Jesse Knish/Getty Images

Company Symbol % Change
2 of 15

Austin-Round Rock, Texas

2007 Population: 1,598,161
2011 Population: 1,783,519
Percent Change: 11.60
GDP Compound Annual Growth: 3.26%

Austinites proudly wear T-shirts that say “Keep Austin Weird” -- something of a challenge as the city and surrounding areas grow in leaps and bounds. The Austin area, home of the South by Southwest festival and Dell Inc., has an unemployment rate of 5.4 percent, compared with 7.8 percent for the nation. Its population continued to rise in 2012, to 1.8 million, and the area is supposed to generate about 25,000 new jobs in 2013, according to Austin-based Angelou Economics. A high-tech job boost will come from Apple Inc., which is expanding its Austin campus with a new, 1 million-square-foot operations center that will be second in size only to its Cupertino (California) headquarters.