Working & Living in Austin: Job Growth & Affordability

For many people, two major factors of moving to a new city are jobs and affordability. Those priorities make sense, right?

You ask yourself:

1. Where am I going to work and make my living?

2. Based on my projected income, can I afford to live, play, and work in this city?

Both are important questions to ask yourself and discuss with your REALTOR®. But, if you’re thinking of moving to Central Texas, you’re in luck. The area ranks high in both job growth and affordability.

Austin’s Thriving Job Market

Austin’s job market continues to boom. Forbes announced this year that the Austin-Round Rock-San Marcos metro area is ranked #3 for best city for jobs, marking a 4.1 percent job growth rate since 2013 and a 13.7 percent job growth rate since 2008. Forbes also ranked Austin #2 in Job Growth and #14 for Best Places for Business and Careers in 2013.

Austin businesses are also prospering. In fact, the Austin Business Journal announced in 2013 that Austin ranked as the #1 economy in the U.S., while Texas ranked # 1 place for small business friendliness.

Affordability in Austin

With 110 people moving to Austin per day, the City of Austin is working to improve and continue providing affordable housing options to Austinites. The Austin Board of REALTORS® continues to support smart growth policies that will allow Austin homeowners’ quality of life to flourish along with the region’s rapid growth, including policies that create a wide variety of affordable housing options.

If affordability is what you seek, you can find housing and a location that will help you stay within your budget. Work with a qualified REALTOR®—a local market expert—whom can help you keep affordability top-of-mind when you find your new home. You can find additional affordable housing resources from the City of Austin.

Moving to Austin will provide any qualified professional with a wealth of job opportunities. Affordability is a concern of many, but with the help of a REALTOR®, you can find the right home for your budget that compliments both your life style and employment.

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