It is no secret that Austin, TX is growing fast, really fast. The abundance of cranes across the skyline, growing traffic congestion, and increase in real estate prices are all signs of the rapid growth taking place. Just how fast is Austin growing though?
The Austin Chamber of Commerce publishes a monthly economic update for the Austin metropolitan area and they have addressed this growth question. According to their most recent report, the Greater Austin Area is growing by 158 new residents per day. Of these, 108 are migrants and 45 are from natural population growth (birth minus death).
How fast is Austin growing in comparison to other major metropolitan areas though? 7.8% of the current residents of Austin, TX have moved here since 2010. That is the highest percentage of any major metropolitan area in the United States. It is no wonder why Forbes has named Austin as America’s #1 Next Boom Town for the next decade.
It appears that migrants from other cities in Texas, California, Illinois, Michigan, and Florida are responsible for most of this population shift. To learn more about the factors that are influencing how fast is Austin growing, click here to view the full report.