Austin at a Glance

Number of public companies on major exchanges: 31, including four in the Fortune 500

Local Demand Fundamentals

1-year Job Growth Rate Austin 2.3% US (U.S. 0.1%)

3-year Job Growth Rate Austin 11.7% (U.S. 2.7%)

Largest private employers include: Dell Inc., Wal-Mart Stores Inc., H.E. Butt Grocery Co., Freescale Semiconductor Inc., IBM Corp., Home Depot, Target Corp.

Largest public employers include: State of Texas, the University of Texas at Austin, the City of Austin and the Austin Independent School District.

The list, which a consulting firm compiles each year, ranks companies based on 5-year revenue growth. Metro Austin, with a population of 1.6 million, has a higher concentration of these companies than any other metropolitan area in Texas.

The fast growing Austin technology businesses recognized are Anue Systems, Convio, Medical Present Value, NetQoS, Perficient, QuantumDigital, QuickArrow, SolarWinds, Surgient, Troux Technologies, Valence Technology, VI Technology, Zebra Imaging, and Zilliant.

 

Job growth: 4.5 percent in 2005, the highest since the late-1990s tech boom.

Educated work force: 40 percent of Central Texas adults have college degrees, compared with 27 percent nationwide.

Median home price: $190,000 in 3rd quarter of 2008, up 2 percent from previous year.

Retail sales: $21.9 billion in 2005, up 6 percent from previous year.

Bank deposits: $19 billion in mid-2006, up 12 percent from previous year.

 

 

Population
2005: 670,726
Growth 2000-05: 2%
2010: 690,438
Growth 2005-10: 3%

Gender
Male: 52%
Female: 48%

Race/ethnicity*
White/Caucasian: 63%
Hispanic: 35%
African American: 9%
Asian: 5%
Other race: 19%
Two or more races: 3%

Age
Average age: 33.1

 

 Marital status
Married (of age 15+): 47%
Single, never married (of age 15+): 39%
Widowed or divorced (of age 15+): 14%

Education
Age 25+ with less than a high school diploma: 17%
Age 25+ with a high school diploma: 17%
Age 25+ with some college: 21%
Age 25+ with an associate degree: 5%
Age 25+ with a bachelor's degree or more: 40%

Households
Population per household: 2.5
Average household income: $47,710
Owner occupied: 45%
Renter occupied: 55%
Households with children: 27%
Median home value: $147,125

Source: Claritas 2005 (Claritas is a national leader in demographic analysis and projections.)

* Percentages do not add up to 100 percent because Hispanic is an ethnic group, not a racial group

 

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