Austin is a desirable place to call home. An amazing restaurant scene, lively music culture and an overall community sentiment all contribute to this awesome city—but what truly draws a crowd is available job opportunities. Without an enticing and vigorous job market, no one will be able to make or keep Austin a home.
According to U.S. News rankings of the Best Places to Live, Austin consistently tops the list, and its job market is one of the reasons for this high ranking.
With an unemployment rate that is lower than the national average and an average annual salary that is higher than the national average, Austin has a lot of allure beyond its celebrated culture.
For the 2016 year, the unemployment rate is logged at 3.2%, which is a significant 1.7% lower than the national unemployment rate. Moreover, it appears to be following the national trajectory and continues to fall with each year, which is good news to job seekers.
In terms of the biggest employers and industries in Austin, there are three that top the list: professional, technical and scientific services, healthcare and social assistance, and finally, wholesale trade. An estimation of average per capita income lands at $35,222 per year.
Together, these top three industries employ just over 200,000 of Austin’s citizens. All of this is to say Austin is safely on the high (read: good) side of the job market index, with an index score of 7.5 out of a possible 10.
Austin, being the capital of the state, has been recognized as touting a hot job market for sometime now. For example, it is often referred to as Texas’s answer to California’s sizzling Silicon Valley, as Austin has made a name for itself as a leader in high-tech—and it doesn’t hurt that the cost of living in Austin is much less than that of in California (especially in Silicon Valley).
It is plain to see how Austin has so much to offer beyond a quirky and exciting culture experience. The community is made up of the citizens who comprise it and it is important Austin continues to draw in talent with its hot job market.
When it comes to securing a job in your chosen industry and living in a lively city to explore on the weekends, Austin has all you could ask for.