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Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
Austin, TX Metro Area Economic and Demographic Report
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Austin, TX Metro Area Economic and Demographic Report

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  • 1. Austin Metropolitan Area Economic-Demographic Overview July 2013 Photo  Credit  -­‐  h,p://aus3nskylinerealtors.com/  
  • 2. ABOUT THE DATA METRO INSIGHT The  data  for  this  report  comes  from  a  variety  of  publically  available  sources  such  as   the  Census  Bureau  and  Bureau  of  Labor  Sta3s3cs.  This  report  is  intended  to  give  a   brief  overview  of  the  general  demographics  and  economy  of  the  Aus3n-­‐Round  Rock-­‐ San  Marcos  Metropolitan  Area  as  defined  in  2012.   Most  of  the  data  is  updated  at  least   annually.  Some  of  the  employment   data  sources  do  update  on  a  monthly   basis,  but  to  avoid  seasonal   fluctua3ons,    the  data  used  here  is  the   most  current  annual  data.   Photo  Credit  -­‐  h,p://a,rac3ons.uptake.com/blog/university-­‐texas-­‐tower-­‐aus3n-­‐texas-­‐1891.html  
  • 3. POPULATION   The  Aus3n  Metro  consists  of  5   central  Texas  coun3es.  Travis   County  is  Home  to  Aus3n,  and   is  the  largest  of  the  five   accoun3ng  for  more  than  half   of  the  Metro’s  popula3on.   Williamson  County,  on  the   northern  edge  of  the  Metro,  is   home  to  the  rapidly  growing   suburbs  of  Georgetown  and   Round  Rock.   2012 Population Estimate Bastrop 74,763 Caldwell 38,734 Hays 168,990 Travis 1,095,584 Williamson 456,232 Austin Metro 1,834,303 METRO INSIGHT Maps  by  KC  Mapping  &  GIS  
  • 4. POPULATION    The  Aus3n  Metro  is  one  of   the  fastest  growing  metros  in   the  na3on,  growing  by  over   40  percent  between  2000  and   2012.  Metro  Aus3n’s   popula3on  in  1960  was  just   over  300,000.  By  comparison,   the  Aus3n  Metro  added   almost  600,000  new  residents   since  2000.  Only  Las  Vegas   and  Raleigh  have  grown  at  a   faster  rate.   METRO INSIGHT 0%   10%   20%   30%   40%   50%   60%   1960's   1970's   1980's   1990's   2000's   Popula(on  Growth  Rate  by  Decade   Aus3n   U.S.    -­‐          500,000      1,000,000      1,500,000      2,000,000     1960   1970   1980   1990   2000   2010   Total  Popula(on  
  • 5. 63%   12%   5%   3%   17%   U.S.   POPULATION BY RACE METRO INSIGHT Metro  Aus3n  is  more  diverse  than  the  na3on  as  a  whole  with  just  54  percent  of  the  popula3on   being  White.  Nearly  a  third  of  Aus3n’s  popula3on  is  Hispanic,  with  other  minority  groups  (Black,   Asian  and  Other)  cons3tu3ng  about  15  percent  of  the  metro’s  total  popula3on.   NH  =Non-­‐Hispanic   Source:  U.S.  Census  Bureau,  2011  American  Community  Survey   54%   7%   5%  2%   32%   Aus(n  MSA   WhiteNH   BlackNH   AsianNH   OtherNH   Hispanic  
  • 6. POPULATION DENSITY METRO INSIGHT Kent   Maps  by  KC  Mapping  &  GIS   Although  Metro   Aus3n  takes  up  over   4,000  square  miles,   the  bulk  of  the   popula3on  is  fairly   concentrated  along   the  I-­‐35  corridor  in   central  Travis   County.  The   popula3on  densi3es   are  greatest  in  the   downtown  area  and   around  the   University  of  Texas   campus.  
  • 7. INCOME The  median  household   income  in  the  Aus3n   Metro  is  $56,783,   above  the  na3onal   median  of  $50,052.   The  highest  incomes   tend  to  be  found  in  the   “hill  country”  in   western  and  northern   parts  of  the  metro.     METRO INSIGHT Maps  by  KC  Mapping  &  GIS  
  • 8. Educational Attainment The  Aus3n  Metro  can  boast  one  of  the  highest  levels  of  educa3onal  a,ainment  in  the  country   with  over  40  percent  of  its  popula3on  25  and  over  having  at  least  a  bachelor’s  degree.  The   presence  of  the  University  of  Texas  undoubtedly  helps  keep  this  figure  rela3vely  high.   METRO INSIGHT 0%   5%   10%   15%   20%   25%   30%   Less  than  HS   High  School   Some  College   No  Degree   Associates   Bachelors   Graduate   Educa(onal  A>ainment  (Popula(on  25+)  2011   US   Aus3n  
  • 9. ECONOMY Loca3on  quo3ents  measure  the   level  of  specializa3on  a  region  has  in   a  given  industry.  A  loca3on  quo3ent   over  1  indicates  that  the  region   specializes  in  this  industry  rela3ve  to   the  country  and  likely  exports  this   good  or  service.  A  loca3on  quo3ent   less  than  1  indicates  the  region  does   not  specialize  in  that  industry   rela3ve  to  the  country.   Being  the  State  Capitol  for  the   second  largest  state  in  the  country,   it  is  no  surprise  that  State   Government  has  the  highest   loca3on  quo3ent  in  Aus3n  at  2.3.     Aus3n’s  reputa3on  as  a  high  tech   center  is  evident  with  a  high   Informa3on  loca3on  quo3ent  of  1.3.   Location Quotient Source:  Bureau  of  Labor  Sta3s3cs,  Current  Employment  Sta3s3cs  2012  Annual  Data   METRO INSIGHT 0.45   0.67   0.68   0.77   0.94   0.94   0.95   1.03   1.04   1.08   1.11   1.25   1.30   2.30   0.00   0.50   1.00   1.50   2.00   2.50   Transporta3on  and  U3li3es   Federal  Government   Manufacturing   Health  and  (Private)  Educa3on   Local  Government   Financial  Ac3vi3es   Retail   Other  Services   Mining,  Logging  and  Construc3on   Leisure  and  Hospitality   Prof.  and  Business  Svcs.   Wholesale   Informa3on   State  Government   Aus(n  MSA  Loca(on  Quo(ent  
  • 10. Economy The  Aus3n  economy  saw  the  greatest  employment  gains  in   the  Health,  Professional  Business  Services  and  leisure-­‐ Hospitality  industries.  The  na3onal  decline  in  manufacturing   was  felt  in  Aus3n  as  well  as  the  region  lost  38  percent  of  it’s   manufacturing  jobs  between  2000  and  2012.     Selected Major Employers 3M Corporation Advanced Micro Devices Apple Computer Applied Material Dell Flextronics Freescale Semiconductor IBM Corp. Internal Revenue Service National Instruments State of Texas University of Texas Source:  Bureau  of  Labor  Sta3s3cs,  Current  Employment  Sta3s3cs  2012  Annual  Data   METRO INSIGHT 2000 Employment 2012 Employment Numeric Change Percent Change Mining, Logging and Construction 41,300 42,000 700 1.7% Manufacturing 82,800 50,900 (31,900) -38.5% Wholesale 34,900 44,300 9,400 26.9% Retail 69,400 88,300 18,900 27.2% Transportation and Utilities 10,700 13,900 3,200 29.9% Information 24,300 21,800 (2,500) -10.3% Financial Activities 35,300 45,900 10,600 30.0% Prof. and Business Svcs. 91,900 124,300 32,400 35.3% Health and (Private) Education 62,300 97,400 35,100 56.3% Leisure and Hospitality 60,600 92,900 32,300 53.3% Other Services 22,300 34,900 12,600 56.5% Federal Government 10,500 11,800 1,300 12.4% State Government 64,900 72,600 7,700 11.9% Local Government 61,400 82,200 20,800 33.9%
  • 11. ECONOMY Employment Density METRO INSIGHT Much  like  the   popula3on,   employment  is  also   concentrated  along   the  I-­‐35  corridor  in   Travis  County.   Downtown  Aus3n  is   home  to  over  120,000   employees  and   represents  the   region’s  largest   employment  cluster.   Maps  by  KC  Mapping  &  GIS  
  • 12. METRO INSIGHT METRO COMPARISONS Population Change 2000-2010 Median Household Income Pop. 25+ with a Bachelor's degree + Las Vegas 41.8% Washington DC $86,680 Washington DC 48.0% Raleigh 41.8% San Jose $84,012 San Jose 45.1% Austin 37.3% San Francisco-Oakland $71,975 San Francisco-Oakland 43.9% Charlotte 32.1% Boston $69,455 Boston 43.1% Riverside-San Bernardino 29.8% Baltimore $65,463 Raleigh 41.3% Orlando 29.8% Hartford $64,508 Austin 40.6% Phoenix 28.9% Seattle $64,085 Minneapolis-St. Paul 38.5% Houston 26.1% Minneapolis-St. Paul $63,352 Denver 38.4% San Antonio 25.2% New York $62,322 Seattle 37.1% Atlanta 24.0% San Diego $59,477 New York 36.2% Dallas-Ft. Worth 23.4% Denver $59,230 Baltimore 35.8% Nashville 21.2% Raleigh $59,197 Hartford 35.2% Jacksonville 19.8% Philadelphia $58,322 Atlanta 34.5% Sacramento 19.6% Virginia Beach $57,356 Chicago 34.2% Denver 16.7% Chicago $57,267 Portland 34.2% Washington DC 16.4% Salt Lake City $57,005 San Diego 33.7% Tampa-St. Petersburg 16.2% Austin $56,783 Charlotte 33.3% Salt Lake City 16.0% Los Angeles $56,653 Philadelphia 32.9% Portland 15.5% Dallas-Ft. Worth $55,546 Columbus 32.9% Indianapolis 15.2% Sacramento $55,151 Kansas City 32.9% Richmond 14.7% Portland $54,921 Richmond 32.0% Oklahoma City 14.4% Houston $54,901 Milwaukee 31.8% Columbus 13.9% Richmond $54,798 Rochester 31.7% Seattle 13.0% Providence $53,553 Dallas-Ft. Worth 31.4% Miami 11.1% Kansas City $53,376 Indianapolis 31.1% Kansas City 10.9% Atlanta $52,639 Los Angeles 31.0% Minneapolis-St. Paul 10.5% Cincinnati $52,373 Salt Lake City 31.0% Louisville 10.5% Columbus $52,315 St. Louis 30.7% San Diego 10.0% Riverside-San Bernardino $52,042 Nashville 30.6% Memphis 9.2% St. Louis $51,164 Sacramento 30.1% Birmingham 7.2% Indianapolis $50,826 Cincinnati 29.6% Baltimore 6.2% Charlotte $50,671 Providence 29.4% Virginia Beach 6.0% Milwaukee $50,664 Pittsburgh 29.4% Cincinnati 6.0% Rochester $50,579 Buffalo 29.0% San Jose 5.8% Jacksonville $50,130 Houston 28.9% Hartford 5.6% Phoenix $50,058 Miami 28.7% San Francisco-Oakland 5.1% Nashville $49,992 Virginia Beach 28.7% Philadelphia 4.9% Detroit $48,968 Phoenix 28.5% St. Louis 4.2% Pittsburgh $48,854 Oklahoma City 28.2% Chicago 4.0% San Antonio $48,699 Cleveland 27.9% Los Angeles 3.7% Las Vegas $48,215 Detroit 27.8% Milwaukee 3.7% Louisville $47,580 Orlando 27.5% Boston 3.7% Buffalo $47,081 Birmingham 27.0% New York 3.1% Oklahoma City $47,023 Jacksonville 26.9% Rochester 1.6% Orlando $46,123 Memphis 26.5% Providence 1.1% Cleveland $45,936 San Antonio 26.1% Buffalo -3.0% Birmingham $45,635 New Orleans 26.0% Pittsburgh -3.1% Miami $45,407 Louisville 25.5% Cleveland -3.3% Memphis $45,393 Tampa-St. Petersburg 24.9% Detroit -3.5% New Orleans $44,004 Las Vegas 22.1% New Orleans -11.3% Tampa-St. Petersburg $43,832 Riverside-San Bernardino 19.4% The  Capitol  of  Texas  is  on   the  rise.  It  is  the  third   fastest  growing  metro   (out  of  all  metros  with  a   popula3on  of  1  million  or   greater)  with  one  of  the   highest  levels  of   educa3onal  a,ainment.   It  is  developing  in  to  a  hi-­‐ tech  hub  that  is  drawing   new  businesses  and   employees.  The  economy   also  has  a  very  solid   founda3on  with  UT  and   the  State  of  Texas   providing  steady   employment.  Aus3n  has   risen  rapidly  in  recent   decades  to  major   metropolitan  area  status.   It    appears  that  it  will   remain  there  for  a  long   3me  to  come.  
  • 13. METRO INSIGHT DATA TABLES Austin-Round Rock-San Marcos, TX Metro Area Population 1960 301,261 Median Household Income $56,783 1970 398,938 Median Home Value $187,600 1980 585,051 Median Rent $930 1990 846,227 2000 1,249,763 Household Income 2010 1,716,289 # of Households Percent 2011 est. 1,783,519 Total Households 663,866 100.0% Inc Less than $10,000 44,661 6.7% Population by Age - 2011 Inc $10,000 to $14,999 29,671 4.5% Number Percent Inc $15,000 to $24,999 62,676 9.4% Under 5 years 129,077 7.2% Inc $25,000 to $34,999 61,461 9.3% 5 to 9 years 131,419 7.4% Inc $35,000 to $49,999 94,100 14.2% 10 to 14 years 119,629 6.7% Inc $50,000 to $74,999 122,271 18.4% 15 to 19 years 119,420 6.7% Inc $75,000 to $99,999 83,325 12.6% 20 to 24 years 148,932 8.4% Inc $100,000 to $149,999 93,616 14.1% 25 to 34 years 299,453 16.8% Inc $150,000 to $199,999 35,091 5.3% 35 to 44 years 272,558 15.3% Inc $200,000 or more 36,994 5.6% 45 to 54 years 235,414 13.2% 55 to 59 years 92,756 5.2% 60 to 64 years 87,633 4.9% 65 to 74 years 86,284 4.8% 75 to 84 years 43,625 2.4% 85 years and over 17,319 1.0% Population by Race/Ethnicity - 2011 Number Percent White NH 964,877 54.1% Black NH 127,429 7.1% Asian NH 83,536 4.7% Other NH 39,690 2.2% Hispanic 567,987 31.8% NH = Non-Hispanic
  • 14. NEED MORE? There  is  a  lot  more  data  out  there. Let  MetroInsight  help  you  get  the  answers  you  need.     Whether  your  area  of  interest  is  a  state,  metro  area,  county,   city  or  even  neighborhood,  MetroInsight  can  help  you  find   the  data  you  need  to  make  good  decisions.     We  can  customize  a  report,  similar  to  this  one,  for  your   area,  or  we  can  just  do  the  data  mining  for  you  to  inform   your  decision.     E-­‐mail  us  for  details:    info@metroinsight.com   METRO INSIGHT Follow  our  blog.  www.metroinsight.com   Follow  us  on  Twi,er:  @metroinsight1   Google+   Facebook   E-­‐mail:  info@metroinsight.com   Report  Maps  Courtesy  of  KC  Mapping  &  GIS   www.kcmapping.com  

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