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.

Visit a few of Austin’s culturally rich and diverse neighborhood business districts:

AUSTIN
TRAVIS COUNTY
AUSTIN MSA
Population 2020
961,855
1,290,188
2,283,371
Population growth 2010-2020
21.7%
26.0%
33.0%
Land area (sq. mi.) 2020
319.9
994.1
4,219.5
Median age 2021
33.3
34.0
34.7
Households 2021
414,192
528,236
894,088
Home ownership rate 2021
42.7%
50.0%
57.4%
Median household income 2021
$77,296
$83,370
$81,998
Per capita income 2021
$44,725
$45,226
$41,805
High school grads 2021
90.3%
90.5%
90.9%
College grads 2021
53.2%
51.7%
46.0%
Labor force 2020
589,616
741,012
1,242,659
Unemployment rate 2020
6.2%
6.3%
6.2%
Public school enrollment 2021-2020
148,713
338,710
High school graduates 2019
8,938
21,607
Retail sales 2020
$18,187 mil.
$20,675 mil.
$37,406 mil.
Business
2020
Establishments
45,857
65,881
Employment
752,335
1,031,078
Average salary
$77,152
$72,107
Mfg.business
2020
Establishments
1,199
1,942
Employment
41,306
61,958
Average salary
$110,569
$113,744

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 2021 demographic estimates; and U.S. Census Bureau for all other data.




Contact

City of Austin Office of Economic Development
David Colligan, Acting Chief Operating Officer, Austin Economic Development Corporation
301 W 2nd St.
Austin, TX 78701
Phone: 512.974.6381
Twitter: @AustinEconDev

www.austintexas.gov