Round Rock ranked No. 15 top city for economic growth

Round Rock has been recognized as the No. 15 top city for economic growth in a recent analysis comparing communities with populations under 250,000.

The ranking, published by CoworkingCafe, evaluates cities based on a range of economic indicators including job creation, business expansion and overall economic activity.

Key factors contributing to Round Rock’s high ranking include:

• Strong Job Market: Round Rock has experienced consistent job growth, with numerous opportunities in various sectors.
• Business-Friendly Environment: The City’s proactive approach to supporting businesses has fostered a thriving entrepreneurial ecosystem.
• Infrastructure Development: Investments in infrastructure have enhanced connectivity and accessibility, further driving economic activity.

Round Rock has seen significant investment in recent years, with notable expansions in the technology and innovative manufacturing sectors. The city’s economic development efforts, combined with a favorable business climate and a high quality of life, have made it an attractive destination for companies and investors alike.

According to the analysis, Round Rock performed “well across the board” in comparison to other cities in the same population category:

• 2^nd highest increase in GDP, featuring 46% growth
• 6^th highest rise in housing units, witnessing a surge of 16% from 2018 until 2022
• The City’s infrastructure saw significant improvement, growing by 12% to reach a total of 6,978 miles in 2022— putting Round Rock at No. 9 for this metric
• Round Rock witnessed a 30% rise in median earnings, representing the 15th largest increase among similar sized cities

CoworkingCafe utilized a variety of data points, including population growth, GDP, employment rates, trade activity and other key economic and social indicators in their evaluation. Cities were ranked “based on their total scores, with higher scores indicating better overall performance. The scores reflect each city’s performance relative to others within the same population bracket, ensuring a fair comparison.”

Full methodology, including more information on data sources utilized, is available online.

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Source: City of Round Rock