1 min read

The Austin Boom

The best of times, the worst of times.

For decades, Austin prided itself on being weird – but now it ranks among the most productive cities in the US.

High growth

  • Since 2010, the GDP of Greater Austin has nearly doubled.
  • Since 2010, Austin's economic growth has been nearly three times the national average.
  • Austin's population has grown by 36 percent since 2010.[1]
  • Venture funding has increased fivefold since 2016.
  • A pandemic winner: Austin's GDP rose nearly 20% from 2020 to 2022.
  • Median household income in Austin has increased by more than 50 percent from 2010 to 2020.

High cost

  • Since 2010, home prices in Austin have increased at nearly twice the national average.
  • Median home valuations rose nearly 70 percent in some of Austin's best school districts from 2021 to 2022.
  • In Austin, Latino and Black residents are twice as likely to be living in poverty as white Austinites.
  • Austin has Texas’s highest per capita rate of people experiencing homelessness.

  1. This change represents the highest growth of any major metropolitan area in the country. ↩︎