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The Top 12 American Boomtowns

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

Photograph by Allan Baxter/Getty Images

Company Symbol % Change
12 of 15

Dallas-Fort Worth-Arlington, Texas

2007 Population: 6,145,037
2011 Population: 6,526,548
Percent Change: 6.21
GDP Compound Annual Growth: 0.84%

The oil and gas industry employs people in the Dallas area, though not to the extent as in cities like Houston, says Friedhoff. The result is an area that’s diverse in employment opportunities, from finance to technology companies. The unemployment rate, at 6.3 percent, is less than the national average. The relatively low cost of living in Dallas, combined with the economic opportunities, has been a draw for many people, according to Lloyd Potter, the state's demographer. In 2012 the area had a population of 6.7 million.