Denton is among the top 40 cities across the country making gains following the economic slump brought on by the COVID-19 pandemic, according to an analysis by SmartAsset.
Denton was ranked number 36 on the list, which analyzed economic data from 500 U.S. cities. Analysts used seven metrics — population change, unemployment rate, change in the unemployment rate, GDP growth, business growth, housing growth and change in household income — to compile the rankings. Denton was in the top 30% for population growth, GDP growth, growth in the number of local businesses and low August 2021 unemployment.
Denton has seen more than 12% population growth in the past five years and a 23% growth in the number of establishments in the city, according to data compiled from national and local sources for the analysis. The city has also seen a nearly 3.5% increase in GDP and a more than 5% growth in housing.
McKinney also made the list, ranking 39th. The full study is available on SmartAsset's website.