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Katy ranks No. 1 among Gadberry Groupʼs 10 top high growth areas
Posted: 01/09/2011
FOR IMMEDIATE RELEASE
Contact: Mr. Lance LaCour
Phone: 281-396-2200
KATY, Texas — Katy is ranked No. 1 on a respected location-based data analysis firm’s “10
from 2010,” an annual list of the most dynamic high-growth suburban areas in the United States.
Katy was one of Gadberry’s top 25 candidates in 2008, ranked No. 5 on Gadberry’s “9 from
2009” list, and now ranks No. 1 on the latest list. As a rapidly growing suburban city just west of
Houston, Katy has added 17,641 new households since 2000 — including an 8.7 percent increase
from 2009 to 2010. Overall, Katy was the fourth fastest-growing area since 2000 among the 10
cities listed, with a 267 percent growth rate.
Lance LaCour, president and CEO of the Katy Area Economic Development Council, said he
knew the Katy area was rapidly gaining national recognition as a high-growth area, but reaching
the top spot out of Gadberry’s 10 was an unexpected milestone.
“I expected us to move up in the rankings, but I really didn’t expect us to reach No. 1,” LaCour
says. “We’re obviously pleased that Katy has faired well in terms of the economy despite the
recession, and it stands to reason that we can look forward to even greater accomplishments in
the coming decade.”
The average household income in Katy has risen more than 21 percent since 2000 to end the
decade at $85,810. Average household net worth for 2010 was $250, 498, while average length
or residence in Katy was 4.7 years. Meanwhile, Katy’s ethnic diversity is substantial and
growing. Katy residents of Asian descent increased more than 3,000 percent during the decade
by 1,935 households, representing 8 percent of the total current households. In addition,
Gadberry Group Principal Larry Martin says the firm anticipates the 2010 Census household
counts will confirm Gadberry’s household figures.
As for business expansion, the oil industry has been a main attraction for some of the Katy area’s
largest employers, such as Exxon, BP and Conoco.
Three other Texas cities made Gadberry’s top 10. The other nine cities trailing Katy are: No. 2.
Haslet, Texas (Fort Worth area); No. 3. Keller, Texas (Fort Worth area); No. 4. Queen Creek,
Arizona (Phoenix area); No. 5. Lehigh Acres, Florida (Fort Myers area); No. 6. Frisco, Texas
(Dallas area); No. 7. Casa Grande, Arizona (Phoenix area); No. 8. South Jordan, Utah (Salt Lake
City area); No. 9. Lincoln, California (Sacramento area); and No. 10. Cary, North Carolina
(Raleigh area).
The 10 selected cities for 2010 had average household growth of 150 percent from 2000 to 2010.
Gadberry uses a statistical ranking system that evaluates more than 17,000 Census sites, and
employs key demographic variables such as ethnicity, household income, net worth, economic
stability, length of residence and age.
Based in Little Rock, Arkansas, Gadberry Group provides location-based intelligence services
and data products for the world’s top retail brands.
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