Austin
Austin’s culture of innovation and creativity is on display every day in “the Live Music Capital of the World.” Our dynamic ecosystem of 42,000 small businesses is supported by numerous incubators, accelerators, and a municipally-funded Small Business Development Program. Austin hosts a major technology cluster, with industry giants like Dell, Advanced Micro Devices, Intel, 3M, IBM, Samsung, NXP Semiconductors, and National Instruments.
Austin’s growth is fueled by strong competitive advantages: a highly skilled workforce, modern infrastructure, and international connectivity. The University of Texas at Austin, a world-class research institution and one of the largest universities in the nation, is a major contributor to Austin’s highly educated workforce and creative sector, graduating 12,000 students annually. The city known for “weird” is wired as well, as Google Fiber and AT&T deploy Gigabit-speed internet in Austin. Additionally, our international presence continues to grow, as visitors from all over the world convene in Austin to participate in events such as SXSW, Formula 1 United States Grand Prix, and Austin City Limits.
Community Profile
AUSTIN | TRAVIS COUNTY | AUSTIN MSA | ||
|---|---|---|---|---|
| Population 2017 | 950,715 | 1,226,698 | 2,115,827 | |
| Population growth 2007-2017 | 26.8% | 28.4% | 34.1% | |
| Land area (sq. mi.) 2010 | 297.9 | 990.2 | 4,219.9 | |
| Median age 2017 | 32.6 | 33.3 | 34.0 | |
| Households 2017 | 386,333 | 476,373 | 784,283 | |
| Home ownership rate 2017 | 38.9% | 45.7% | 52.4% | |
| Median household income 2017 | $57,625 | $61,970 | $65,500 | |
| Per capita income 2017 | $35,993 | $37,224 | $35,339 | |
| High school grads 2017 | 88.1% | 88.6% | 89.2% | |
| College grads 2017 | 48.5% | 47.6% | 43.0% | |
| Labor force 2017 | 572,348 | 698,755 | 1,152,626 | |
| Unemployment rate 2017 | 2.9% | 3.0% | 3.1% | |
| Public school enrollment 2016-2017 | — | 147,214 | 322,690 | |
| High school graduates 2016 | — | 8,402 | 19,682 | |
| Retail sales 2016 | $19,111 mil. | $21,128 mil. | $35,506 mil. | |
| Business 2016 | Establishments | — | 38,985 | 55,160 |
| Employment | — | 705,805 | 953,513 | |
| Average salary | — | $61,159 | $57,346 | |
| Mfg.business 2016 | Establishments | — | 1,014 | 1,615 |
| Employment | — | 37,221 | 55,327 | |
| Average salary | — | $99,014 | $95,105 | |
Sources: Texas Comptroller for retail sales; Texas Workforce Commission for labor force, unemployment, businesses, employees, and salaries; Texas Education Agency for public school enrollment and graduates; ESRI for 2017 demographic estimates; and U.S. Census Bureau for all other data.
Contact
City of Austin Office of Economic Development
David Colligan, Manager of Global Business Recruitment & Expansion
301 W 2nd St.
Austin, TX 78701
Phone: 512.974.6381
Twitter: @EconVitalityATX