Austin is repeatedly ranked at or near the top of American cities to live in and operate a business. These rankings may be found in major trade publications as well as the minds of local and international business decision makers.
The region is defined by lower business and living costs than most major U.S. metropolitan areas, and a young, well-educated population of 1.5 million.
A destination for migrating talent, metro Austin's population surpassed 2.0 million in 2015, a 37.7% population growth from 2004 - 2015.
Among the region's strong assets is the Central Texas workforce, representing one of the most educated and young talent pools in the country. 41.5% of the population over the age of 25 has a bachelor's degree and the median age in the Austin Region is 33.5 years.
Highly rated elementary and secondary schools contribute to both quality of life and the beginnings of exceptional labor pools to come. In 2015, the labor force grew 3.5%.
Texas consistently ranks as one of the nation’s most favorable business climates based on its low tax burden and competitive regulatory environment. Costs in Austin are 4% below the national average in 2015. Texas features no personal income tax, and overall the state has one of the lowest state and local tax burdens in the nation, ranking 41st among the 50 states in taxes paid per $1,000 of personal income.
A diverse and healthy economy, the Austin region was both "last in" to the recent US recession and "first out". From championing innovation to cost advantages and incentives, Austin is home to many influential business leaders.
Austin's land and air transportation are favorable for materials distribution and business travel. More direct flights are being added that make Austin a favorable location for global connectivity.
Telecommunications & Utilities
Austin's proven telecom, electric and water capacities satisfy diverse operations ranging from sensitive data center operations to semiconductor manufacturing, as well as Fortune 500 firms and international business.
Cost of Living
Texas consistently ranks as one of the nation's most favorable business climates based on its low tax burden and competitive regulatory environment. In Texas, aggregate costs for real estate, energy, wages and taxes are below most states in the country. New York and San Francisco costs of living compared to the national average are 128% and 78% above, respectively, while Austin remains 4% below the US.
Quality of Life
A culture rich in the arts, music, outdoor recreation, reliable healthcare, engaged faith and non-profit communities, and low violent crime compared to the national average offer an enjoyable way of life in the Austin region.