Their formula takes into account projected job growth and housing prices. Here's the list:
- (tie) Washington, DC-Arlington-Alexandria
- (tie) Austin-Round Rock
- Dallas-Fort Worth-Arlington
- (tie) Minneapolis-St. Paul-Bloomington
- (tie) Houston-Sugar Land-Baytown
- San Antonio
- Los Angeles-Long Beach-Santa Ana
- Kansas City (Missouri and Kansas)
With a Statist Congress and The Teleprompter Jesus running the show, D.C.'s ranking at #1 is to be expected. Ranking any other American cities with Washington is like comparing Chihuahua, Juarez, and Guadalajara, Mexico's financial well-being to that of the Sinaloa Drug Cartel.
Now that we have that out of the way....
Tied for first is Austin/Round Rock, Texas.
Next is Fort Worth/Arlington/Dallas, Texas.
Next (tied with the Minnesota Metroplex) is Houston/Baytown, Texas.
Denver breaks up the Texas winning streak, and then you get....
San Antonio, Texas.
Now let's hop over to Statepolicy.com, which ranks U.S. states by Fiscal Freedom, Regulatory Freedom, and Personal Freedom. You can hit the link to see the methodology used to rank each state.
In the Fiscal Freedom category, which includes things like proper restraints on local government, a high ratio between private vs. public employee earnings, and low local taxes, Texas was ranked #4 in the nation.
In the Regulatory Freedom category, which covers freedom from labor regulation, health insurance mandates, occupational licensing, eminent domain, the tort system, environmental regulation, and utilities, Texas was ranked at a shameful #27. I suspect this is because some of our billionaires like to dabble in eminent domain schemes and monopolies via regulation. This is a good subject for further research.
All of these ranking combine to give Texas a Freedom Index score of #5 in the nation.
Colorado (home of Denver/Aurora on the list of Metro areas recovering from the recession) is #2 on the Freedom Index.
Missouri (home of Kansas City on the list above) is #6 on the Freedom Index.
Boston and Los Angeles distort the curve, since Massachusetts and California are only #44 and #47 on the Freedom Index. (I have no theory on why Boston, Massachusetts, is doing so well ; California doesn't matter since their state government will be bankrupt within two years.)
This is still enough to show a nice, neat correlation between freedom and prosperity. Here's one of the Heritage Foundation's graphs showing the correlation between freedom and per capita GDP. What's good for the states is obviously good for the nations:
Note to everyone moving to Texas: Welcome ! We're glad you're here. But if you're a refugee from another state, trying to outrun the consequences of your votes, please repent. We're doing well here because we're willing to leave each other alone.