Best Places for Business and Careers 2019

Austin, TX

Austin-Round Rock, TX

Austin, TX

Austin-Round Rock, TX

gross metro product

$144.9B

population

2.2M

median household income

$76,845

median home price

$325,000

cost of living

14% above nat'l avg

college attainment

44.8%

net migration

8,690 (year: 2018)

unemployment

2.8%

major industries

Technology, Pharmaceutical, Biotechnology

job growth

3.3% (year: 2018)

As of October 2019

The city has a heavy concentration of highly-educated millenials. Austin is home to the headquarters for many technology corporations, adopting the nickname Silicon Hills in the 1990s. Recently, however, the current official slogan promotes Austin as The Live Music Capital of the World, a reference to the many musicians and live music venues within the area. One major event, South by Southwest, is one of the largest music festivals in the U.S., with more than 2,000 performers playing on close to 100 stages around Downtown

Austin every March. The event has grown into a 10-day festival celebrating film, music and digital media. Austin is home to the University of Texas at Austin, the flagship institution of the University of Texas System.

On forbes lists

Best Places for Business and Careers 2019

#150

In Cost of Doing Business

In Job Growth

#16

In Education

EmploymentHousingEducationQuality of Life

Job Growth

3.3% (year: 2018)

Projected Annual Job Growth

2.3%

Unemployment

2.8%

Median Household Income

$76,845

Household Income Growth

4.5%

High-Tech Employment

5.1%

Data is for the metro area
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.