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