Economy in Austin, Texas

Austin has an unemployment rate of 2.9%. The US average is 5.2%.

Austin has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 43.1%, which is higher than the US average of 38.0%.

Tax Rates for Austin
- The Sales Tax Rate for Austin is 8.3%. The US average is 6.0%.
- The Income Tax Rate for Austin is 0.0%. The US average is 4.6%.

Income and Salaries for Austin
- The average income of a Austin resident is $32,672 a year. The US average is $28,555 a year.
- The Median household income of a Austin resident is $55,216 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYAustin, TexasUnited States
  Unemployment Rate2.9%5.2%
  Recent Job Growth3.0%1.6%
  Future Job Growth43.1%38.0%
  Sales Taxes8.3%6.0%
  Income Taxes0.0%4.6%
  Income per Cap.$32,672$28,555
  Household Income$55,216$53,482
  Family Median Income$71,230$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.2%1.3%
  Mining, quarrying, oil and gas extraction0.4%0.6%
  Construction7.0%6.2%
  Manufacturing7.1%10.4%
  Wholesale trade1.9%2.7%
  Retail trade10.3%11.6%
  Transportation and warehousing2.2%4.1%
  Utilities00
  Information3.0%2.1%
  Finance and insurance4.3%4.7%
  Real estate, rental, leasing2.9%1.9%
  Professional, scientific, technical services11.8%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.6%4.3%
  Educational services10.9%9.3%
  Health care and social assistance9.8%13.8%
  Arts, entertainment, recreation2.3%2.2%
  Accommodation, food services9.3%7.4%
  Other services5.4%4.9%
  Public administration5.9%4.8%
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    Reviews for Austin    409 Reviews
    EXTREME Urban Sprawl - 2/25/2018
    Recently moved here from CA but originally from NJ. I gave myself 1 year to see if I like it here. So far the answer is NO. I am out in burbs and it is still... Read More

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    Smug town - 2/11/2018
    Austin is overrated. People here are so smug about the city's reputation they don't see it's average at best. They are more interested in how food looks than in how it... Read More

    Been here enough times to write a review - 9/19/2017
    I enjoy Austin compared to other cities I've lived in and visited. I can safely say I like it better than Denver, Minneapolis, San Francisco in terms of weather and vibe... Read More


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