We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more.

By:
Editor:
Published: Feb 13, 2024 4 min read
Photo of New Braunfels, Texas
New Braunfels, Texas
Shutterstock

If it’s jobs you’re after, look no further than the Lone Star State.

By 2028, job growth is predicted to surge by double digits in 34 U.S. cities, according to Money's analysis of data provided by the economic research firm Moody’s Analytics, and more than a dozen of those cities are located in Texas.

Moody’s estimated the growth in jobs over a five-year period from 2023 to 2028 for over 900 U.S. cities nationwide, and the firm shared its latest projections with Money. Based on these cities, national job growth is expected to be around 3.25% over that same time period.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
Thinking of relocating? Check your interest rate
State
New Loan Type
i
Loan Amount
i
$

Find Your Actual Rate at Rocket Mortgage (NMLS #3030) Today!

View Rates
Interest rate estimates for:
Poor/Fair Credit
7.54% - 8.81%
Good/Very Good Credit
6.51% - 8.73%
Exceptional Credit
6.51% - 7.67%

Cities where jobs are expected to boom

Outside of Texas, several cities in Florida, Arizona and Colorado are projected to have a strong influx of jobs in the coming years. On the other hand, none of the top cities for job growth are in the Northeast or West Coast.

Here are all the cities Moody’s expects to have at least a 10% growth in jobs between 2023 and 2028:

  1. New Braunfels, Texas: 21%
  2. Conroe, Texas: 16.7%
  3. The Woodlands, Texas: 16.7%
  4. Missouri City, Texas: 16.3%
  5. Sugar Land, Texas: 16.3%
  6. Allen, Texas: 16.3%
  7. Frisco, Texas: 15.5%
  8. McKinney, Texas: 15.5%
  9. Plano, Texas: 15.5%
  10. Denton, Texas: 15.5%
  11. Flower Mound, Texas: 15.5%
  12. Lewisville, Texas: 15.5%
  13. Kissimmee, Florida: 15.2%
  14. San Marcos, Texas: 14.7%
  15. Cedar Park, Texas: 14.3%
  16. Georgetown, Texas: 14.3%
  17. Round Rock, Texas: 14.3%
  18. Casa Grande, Arizona: 14%
  19. Maricopa, Arizona: 14%
  20. San Tan Valley, Arizona: 14%
  21. Franklin, Tennessee: 12%
  22. Wesley Chapel, Florida: 11.7%
  23. Murfreesboro, Tennessee: 11.3%
  24. Palm Coast, Florida: 11.1%
  25. Caldwell, Idaho: 11%
  26. Nampa, Idaho: 11%
  27. Castle Rock, Colorado: 11%
  28. Highlands Ranch, Colorado: 11%
  29. Parker, Colorado: 11%
  30. Ashburn, Virginia: 11%
  31. Southaven, Mississippi: 11%
  32. Port St. Lucie, Florida: 10.4%
  33. Frederick, Maryland: 10.2%
  34. Pearland, Texas: 10%
Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
Buy your new home with more convenience and less hassle
A Mortgage Expert at Rocket Mortgage (NMLS #3030) can lend you a hand for a smoother process. Your dream home is possible. Click below to make it happen.
View Rates

Why Texas dominates job growth

Texas has been a job-creating powerhouse over the past several years, and Moody’s projections suggest many Texas towns will keep the trend going for the foreseeable future.

Such healthy job forecasts have, in part, led to several Texas cities like Flower Mound, Round Rock and Sugar Land appearing as mainstays on Money’s rankings of the Best Places to Live and Best Places to Retire over the past several years.

According to Texas’s state labor department, the state reached a total of 14.1 million jobs last year and has been experiencing “27 consecutive months of new series employment highs” thanks to booms in the oil, financial services and construction industries.

On Friday, though, the Federal Reserve Bank of Dallas hinted that the streak may soon be coming to an end.

“We're cleared for landing,” said Pia Orrenius, the vice president of the Dallas Fed, “landing back to our long run trend rate of growth.” The Dallas Fed said it expects the state to add 2% more jobs by the end of 2024 — a healthy pace but one slower than the state’s meteoric growth of late.

Even so, Moody’s projections suggest several Texas towns didn’t get the memo.

More from Money:

How to Ask for a Raise — and Get It — This Year

Young People’s Wealth Is Growing Much Faster Than Older Generations

Having 'Hot Parents' Could Make You Substantially Richer, New Study Finds

Ads by Money. We may be compensated if you click this ad.Ad
Imagine finally owning your dream home — Rocket Mortgage (NMLS #3030) can help!