Fourth Quarter Highlights
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Austin Market Highlights
Market Highlights
Population grew by 33% from 2010 to 2020, the highest of any major MSA
in the country
Ranks first among MSAs for new residents as a percent of total
population
Expected population growth of 7.8% from 2023 - 2028
As of November 2022, total nonfarm employment has increased 4.7% YoY,
compared to the 12 month statewide increase of 5.1% and the nationwide
increase of 2.3%
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Unemployment rate is 2.8%, compared to 4.0% statewide and 3.4%
nationwide
Employment in Austin has increased 19.4% YoY in the leisure and
hospitality sector and 9.2% YoY in manufacturing, compared to 11.9%
and 5.3% statewide, respectively
15 companies have begun operations and 15 companies expanded their
existing operations in the Austin-Round Rock MSA in Q4 2022
Austin-Round Rock ranks 2nd for best MSA for STEM professionals amongst
the top 100 MSAs
Select Fortune 500 Companies
amazon ebay ORACLE
8
Meta
CISCO
10
San Antonio
T
TESLA
3M IBM intel) Google (DELL
Austin Franchise
35
Round Rock
Austin
Source: S&P Global, Bureau of Labor Statistics, Forbes, U.S. News and World Report, and Austin Chamber.
References to Austin refer to the Austin - Round Rock - San Marcos metropolitan statistical area.
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