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Katy tops national growth list

January 10, 2011 Leave a comment Go to comments

Texas suburbs hold four spots in a list of the top 10 growth areas in the country as ranked by a demographics research firm, and Katy tops them all as the No. 1 Most notable high-growth area.

According to the 10 from 2010 list released this week by Arkansas-based Gadberry Group, Katy came out ahead of two Fort Worth suburbs, Haslet and Keller, ranked at No. 2 and 3, respectively. Dallas suburb Frisco came in at No. 6.

Katy ranked No. 5 on the list in 2009, and this year recorded an 8.7 percent increase in households. Since 2000, Katys growth rate has been a staggering 267 percent, thanks largely to the Cinco Ranch development, the report said.

Further, Katy has become considerably wealthier in the first decade of the new millennium, with its average annual household income increasing 21 percent to about $86,000 since 2000.

The most striking demographic change found by Gadberry was the growth in the Asian and South Asian communities in Katy, with a 30-fold increase in their combined populations. Chinese Americans now represent about 2.9 percent of the population, and Indian Americans about 2.6 percent.

Houston Business Journal – by Barrett Goldsmith

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