Fort Worth, Texas

Fort Worth, TexasEstablished as an army outpost, Fort Worth began its rise to prominence when it became a trading and cattle center due to being a stop along the much-used Chisholm Trail. The city experienced a boom in the late 19th century as a result of the developing Texas and Pacific Railway. However, the flood of money into and through Fort Worth attracted certain criminal elements; the city became host to a substantial amount of illegal activities as cowboys rushed in, eager to lighten the load of the prospering cattle traders. It wasn't until the early 20th century that crime was curbed and the area that had become known as "Hell's Half Acre" returned to normalcy.

However, Fort Worth did much more than just recover from this period. It experienced even greater booms from two oil rushes, and the rewards of these boosts to the economy continue to be reaped by local residents and businesses. The city still celebrates its distinctly Wild Western heritage, and adds to this an impressive cultural scene, including some iconic architecture and several prominent art museums.

Honorable Mentions

  • Number 3 on NerdWallet's 2014 list of "Best Cities for Job Seekers".
  • Number 4 on Forbes' 2013 list of "Best Places For Job Growth".
  • Number 4 on newgeography's 2013 list of "Best Cities for Job Growth".
  • Number 13 for "Job Growth" on Forbes' 2013 "Best Places For Business and Careers" list.

Major Industries and Employers

Fort Worth is home to four Fortune 500 companies: American Airlines, BNSF Railway, RadioShack, and XTO Energy. There are also other large corporations with a strong presence in the city, including Lockheed Martin, which by itself employs over 13,000 residents.

Additional major employers of Fort Worth residents are the Naval Air Station Joint Reserve Base; the school district; the John Peter Smith Health Network; the city government; Harris Methodist Hospital; Bell Helicopter; Alcon; and Pier 1 Imports.

The largest industries are trade, transportation, and utilities; government; education; health services; professional and business services; and aeronautics.

Statistics

Fort Worth's 2012 population was 777,992. 15.5% of the population is aged between 20 and 29, and the median age is 31.4. The city is home to 43,912 veterans, as well as to 131,468 people born overseas.

Of the residents aged 25 or over, 78.9% have graduated high school, and 26.0% have attained at least a bachelor's degree.

The rate of homeownership in the city is 59.1%, and monthly homeowner costs are just $1,400. The mean per capita yearly income is $24,338. The 2013 unemployment rate was 6.0%, and 18.7% of the city's population lives below the poverty level.

Conclusion

Fort Worth has a strong economy, grounded largely in its oil and natural gas industries. As a result, the unemployment rate is only 6.0%, notably below the national rate. In addition, homeowner costs in the city are quite low. However, the city's homeownership rate, poverty rate, and mean yearly income are all below the national average, and should be taken into account by job seekers considering moving to Fort Worth.