The Austin Chamber of Commerce reports that the city’s population has exploded by an astounding 37% between 2000 and 2010. Approximately 7% of people currently living in the city were residents of a different metropolitan area just a year ago. So what’s attracting people to this booming area?
Austin for Young Adults
After you earn your degree, it’s time to enter the real world. It’s a scary place to be and millions of recent graduates are struggling to find a job that will allow them to move into the next phase of their life.
Fortunately, Austin has plenty of opportunities for young adults. The city has been ranked as the #1 major market in the United States and rapid employment growth is one of the biggest reasons for the top ranking. Job growth in the private sector of our Texas city has held steady at an average of 1.5% per year.
Young adults who are wondering where to go next should certainly put Austin high on their list of possibilities. Along with the abundant jobs available in the city, Austin is known for having an active night life that focuses heavily on music and the arts.
Austin for Entrepreneurs
That top ranking as a major market in the U.S. also bodes well for entrepreneurs. Anyone looking to start a new company can benefit from readily available talent, as University of Texas graduates continue to look for job opportunities and the growing population provides plenty of potential clients.
While entrepreneurs may be cautious about Austin because it is not typically known as a hub for big companies, plenty of well-known businesses have offices or headquarters in the city. Among these are Google, Apple, Facebook, Whole Foods and Dell.
One of the biggest benefits for young adults or entrepreneurs considering a move to Austin is the low cost of housing, as compared to other growing cities. The Statesman reports that the median home cost in Austin in 2012 was $205,000. Compare that to the average of $750,000 in San Francisco and $1,055,000 in New York City. It’s no wonder that Austin is gaining popularity as an affordable city full of possibilities.
If you’re ready to succeed and have fun in one of the fastest growing cities in the U.S., let Buffington Homes be your resource for finding the perfect home in Austin. Conduct your home search by looking through our available move-in ready homes. If you’d rather have a house custom-built to your specifications, home building is an area of expertise here at Buffington. Contact us today!