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.

AUSTIN
TRAVIS COUNTY
AUSTIN MSA
Population 2018
964,254
1,248,743
2,168,316
Population growth 2008-2018
26.1%
27.3%
32.7%
Land area (sq. mi.) 2018
320.8
991.8
4,221.6
Median age 2019
33.0
33.7
34.3
Households 2019
403,065
508,545
842,329
Home ownership rate 2019
45.2%
52.7%
59.6%
Median household income 2019
$68,550
$75,197
$75,946
Per capita income 2019
$40,729
$41,756
$38,963
High school grads 2019
89.5%
89.8%
90.3%
College grads 2019
50.4%
49.2%
44.3%
Labor force 2018
579,048
727,786
1,197,091
Unemployment rate 2018
2.7%
2.8%
2.9%
Public school enrollment 2018-2019
146,170
330,708
High school graduates 2017

8,373

19,985
Retail sales 2018
$18,537 mil.
$20,743 mil.
$36,488 mil.
Business
2018
Establishments
41,920
59,844
Employment
749,745
1,020,498
Average salary
$66,770
$62,331
Mfg.business
2018
Establishments
1,086
1,773
Employment
40,452
60,133
Average salary
$103,793
$99,563

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 2019 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