Austin Economy: The Elevator PitchNovember 9, 2012
Despite being only the 34th largest                                                                             metropolit...
Net Migration to Austin MSA from US MSAs, 2000-2010                                                                       ...
Metro Area                               Real GDP Real GDP   Austin economy grew by $26.6                                 ...
Source: Prof. Michael E. Porter, Cluster Mapping Project, Institute for Strategy and Competitiveness, Harvard Business Sch...
Austin: Growing Affluent• 16,000 households in city of Austin earning at  least $200K in annual income, roughly double  wh...
Key Challenge: Education/TrainingPopulation, Age 25+                                       2011     2000 Change PercentNo ...
Brian Kelsey, Principal Civic Analytics LLC brian@civicanalytics.com 512-731-7851          http://civicanalytics.com      ...
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Austin Economy: The Elevator Pitch

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Key trends in the Austin economy

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Austin Economy: The Elevator Pitch

  1. 1. Austin Economy: The Elevator PitchNovember 9, 2012
  2. 2. Despite being only the 34th largest metropolitan area, Austin ranks 10th in population growth since 2001. Austin is adding 50,000 people on average annually since the start of the recession in 2007—roughly equivalent to adding a Cedar Park…every year.Note: Data is for Austin-Round Rock-San Marcos MSA unless otherwise noted.November 9, 2012 | Thinkers and Doers of Austin
  3. 3. Net Migration to Austin MSA from US MSAs, 2000-2010 Source: Internal Revenue Service Blue – Austin gained Pink – Austin lost Austin gained 188,000 residents from other metro areas between 2000 and 2010, the 9th highest total among all US metro areas. People moving to Austin accounted for 66% of population growth in 2011.November 9, 2012 | Thinkers and Doers of Austin
  4. 4. Metro Area Real GDP Real GDP Austin economy grew by $26.6 billion between 2001 and 2010,GDP ≥ $50B 2001-10 2007-10 a 48% growth rate second onlyPortland 49% 6% to Portland among large metros.Austin 48% 10% Since the start of the recession in 2007, Austin economy has grownSan Jose 43% 13% by at least $7.5 billion, a growthRaleigh 33% 5% rate of 10% that is second only to San Jose among large metros.Orlando 31% -4% Real GDP Per Capita, a proxy forWashington 30% 6% standard of living, has increasedLas Vegas 26% -13% in Austin from 97% of US in 2001 to 104% of US in 2010—Austin isPhoenix 25% -7% growing very quickly in absolute terms and relative to US.Salt Lake City 25% 2%San Antonio 24% 3%Dallas 24% 2%Source: US Bureau of Economic AnalysisNovember 9, 2012 | Thinkers and Doers of Austin
  5. 5. Source: Prof. Michael E. Porter, Cluster Mapping Project, Institute for Strategy and Competitiveness, Harvard Business School.November 9, 2012 | Thinkers and Doers of Austin
  6. 6. Austin: Growing Affluent• 16,000 households in city of Austin earning at least $200K in annual income, roughly double what was in Austin ten years ago• 70,000 households in city of Austin earning at least $150K in annual income, 11% of all HHs in Austin versus 9% nationwide• Median household income in city of Austin now at $57K versus $51K in USNovember 9, 2012 | Thinkers and Doers of Austin
  7. 7. Key Challenge: Education/TrainingPopulation, Age 25+ 2011 2000 Change PercentNo high school diploma 73,699 66,511 7,188 11%High school diploma 87,132 68,316 18,816 28%Some college, no degree 98,505 84,486 14,019 17%Associates degree 33,283 19,887 13,396 67%Bachelors degree 146,033 103,111 42,922 42%Graduate/prof degree 88,437 58,826 29,611 50%Source: US Census Bureau. Data is for city of Austin.November 9, 2012 | Thinkers and Doers of Austin
  8. 8. Brian Kelsey, Principal Civic Analytics LLC brian@civicanalytics.com 512-731-7851 http://civicanalytics.com @brianjkelsey linkedin.com/in/brianjkelseyNovember 9, 2012 | Thinkers and Doers of Austin
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