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

www.austintexas.gov