Researchers focused on business growth, population and housing, and workforce and earnings.
The Texas capital earned a perfect population and housing score of 100.
Analysts identified one shortcoming — 10 percent housing unit growth lagged next to the almost 16 percent population boom.
Business also boomed in Provo, Utah; Raleigh, North Carolina; Charleston, South Carolina; and Nashville, Tennessee; ranking second through fifth, respectively.
Although the workforce grew by 13 percent, median wages stalled, budging only 3.5 percent higher than five years earlier.