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Austin Metropolitan Area
Economic-Demographic Overview July 2013
Photo Credit -‐ h,p://aus3nskylinerealtors.com/
ABOUT THE DATA
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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
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
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Maps by KC Mapping & GIS
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.
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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
63% 12%
5%
3%
17%
U.S.
POPULATION BY RACE
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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
POPULATION DENSITY
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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.
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 INS IGHTMaps by KC Mapping & GIS
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.
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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
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 INS IGHT
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
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 INS IGHT
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%
ECONOMY Employment Density
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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
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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.
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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
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Report Maps Courtesy of KC Mapping & GIS www.kcmapping.com
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