Round Rock has found its way onto yet another flattering list, making the top 10 in GOBankingRates' survey of "50 Most Affordable Fast-Growing Cities" in the United States. With a median income hovering at $97,187 and a population swelled by 3.4 percent over the past half-decade, Round Rock boasts an economy that's as robust as it is inviting for both renters and homeowners alike, according to a report by the City of Round Rock's official website.
Not content with just being lauded for its affordability, Round Rock stands shoulder to shoulder with 11 other Texas cities that have embraced rapid growth, yet keep living expenses in check, the figures boast an annual cost-of-living for renters at $42,390, while homeowners are looking at $52,364, this was as per the calculations performed using data from the U.S. Census American Community Survey drawn from the years 2018, 2022, and 2023. GOBankingRates set certain parameters for this study, which included populations above 100,000, a growth rate outpacing the national average over one and five years, plus housing costs that don't hit pocketbooks as hard as the national figures suggest they might.
Round Rock's multiple accolades this year alone situated it firmly on the map for those seeking both professional opportunity and domestic bliss – Livability placed it at No. 10 on their "Best Place to Live in America" list, and it scooped up similarly high rankings from Niche, at No. 18 for "Best Place to Raise a Family" and No. 26 for "Best City to Live in America," the variances in ranking highlighting the city's multifaceted appeal.
Adding to its notable stash of commendations, Round Rock recently also received ETC Institute’s "Leading the Way" Award for 2024, a nod towards the city's exceptional resident satisfaction rates, and if that weren't enough it's part of the top metro on the Milken Institute’s 2024 Best-Performing Cities Index – a comprehensive measure of economic stability, job growth, and technological advancements and the index includes factors like job growth and advancements in technology which play significant roles in these determinations. For more personal finance insights and statistics like these, check out the resources that GOBankingRates, a hub for personal finance, investing, retirement, and financial product information, readily provides.
