Facts, Figures, Rankings, and Statistics about Austin, TX: Business and Work
“Three Texas markets are members of the top 10, with Austin posting the best growth record of the trio, “the report says. “Population has soared more than 8 percent in Austin in the past two years, and employment has jumped more than 10 percent. Raleigh (N.C.) is the only metro that can match this short-term momentum.”
Austin: “America’s Best Bang for the Buck” – No. 1, Forbes (October, 2008 )
If you’re looking for the greatest value for your dollar, Austin is the place to be, according to Forbes, citing the city’s affordable housing and promising prospects for job growth in coming years. Other Texas cities fared well too, with San Antonio ranking 2nd, and Houston and Dallas ranking 4th and 7th respectively. “Texas, as a whole, is one of the few economies performing extremely well because of the energy and technology sectors, “says Andrew Gledhill, an economist at Moody’s Economy.com.
Austin: A Top 10 “Market to Watch” for Commercial/Multi-Family Investments, Urban Land Institute’s Emerging Trends Report (October, 2008 )
While investors typically back away from smaller markets during a correction, Austin was listed as an exception to that rule, as a market to watch.
Austin: “Best Performing Cities Index,” – No. 4,
The Milken Institute/Greenstreet Real Estate Partners (September, 2008 )
Austin continues to outperform many other areas of the country in creating and sustaining jobs and economic growth, key factors in this list’s index, which analyzes job, wage, salary, and technology growth.
Austin: “America’s Top 10 Labor Markets,” – No.2 BizJournals.com (September, 2008 )
BizJournals.com used a 9-part formula to analyze employment trends in the nation’s 100 largest labor markets – looking primarily at job growth and unemployment numbers. Austin’ consistency is its most important quality, ranking among the best markets for 5- and 1-year rates of job growth (3rd and 5th place, respectively) and unemployment rate (7th place). No other metro area qualified for the top 7 in all of these key categories.
Austin: “Best Cities to Build Personal Wealth,” – No. 13,
Salary.com (June, 2008 )
Austin ranks 13th among 69 US cities as a place to build wealth, according to Salary.com’s 2008 Salary Volume Index. In compiling its survey, Salary.com took into account local salaries, the cost of living and unemployment rates from cities with 250,000 or more residents.
Austin: Most “Digital Savvy” City, “Scarborough Research (May, 2008 )
Twelve percent of Austin adults are “digital savvy,” and they are almost twice as likely as the national average to be in this leading edge consumer segment, according to an analysis from consumer and media research arm Scarborough Research.
Austin: “Recession-Proof City,” – No. 3, Forbes (April, 2008 )
“One of the hippest cities in the country has one of the lowest unemployment rates. The Austin region is home to Dell, and many tech companies from Apple to Sun Microsystems also maintain a significant presence,” Forbes notes.
Austin: “America’s Fastest-Growing Metros,” – No. 1,
Forbes (January, 2008 )
Citing research by Moody’s Economy.com, this Forbes’ article projects Austin’s gross domestic product growth by 2012 will be second only to Mobile, Ala., and first among the largest 100 metro areas in the country. Meanwhile, the Austin metro area population is expected to grow nearly 15% by 2012.
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