Raleigh has been named the third fastest-growing city in America by CNNMoney, which recognizes the Oak City for its affordable housing, high income and low unemployment.
Following Austin and Houston, Raleigh makes the list for being a cornerstone of the Triangle, which is known for being “an area rich with tech companies and universities including Duke, University of North Carolina at Chapel Hill, and North Carolina State,” writes CNNMoney author Les Christie.
According to the ranking, Raleigh has a population of 1.2 million people, with 26,012 new residents moving to the city in the last year. Unemployment in January was 5.5 percent, and housing affordability is about 10 percent higher than the national norm, while incomes are nearly 20 percent higher.
Charlotte, with 2.3 million people and 40,368 new residents, ranked eighth on the list.