ten fastest growing cities dallas
Population: 1.2 million
New residents: 23,300
Percentage gain: 1.9%

When most people think Texas, they think Big Oil. But in Dallas, telecom is keeping the economy humming.

Nortel, Sprint, AT&T and several other telecom companies are major employers in the area. The tech industry (Texas Instruments), energy (Exxon) and airlines (Southwest) also offer lots of jobs.

Businesses like Texas for a couple of reasons: real estate is inexpensive and there are few regulatory limits on building, said Jed Kolko, chief economist for Trulia, the real estate website. That makes launching a business or expanding one relatively easy.

Newcomers like the reasonably priced housing. In the Dallas metro area, the median price home recently sold for $185,000 and most working families can afford to own.

No matter what, they'll need a car, though. The metro area keeps sprawling outward, now encompassing more than 340 square miles. Much of it is sparsely settled so there's plenty of room to keep adding new residents within the city limits.

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
Join the Conversation
Top 10 cities people are moving to

Whether it's the warm weather, jobs or cheap cost of living, these are the top 10 cities Americans are moving to, according Penske Truck Rental's annual list.

Real Estate Calculator

Was my home a good investment?

Find out now
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.