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 administration0.05940.04801
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    Reviews for Austin    414 Reviews
    Illegal Crime Mecca - 9/13/2018
    I lived in Austin from 2008-2014 and I can not recommend it. It changed dramatically during that time period and none of it was good. It did have some character,... Read More

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    Only people from Austin like it - 9/5/2018
    If you like bums move to Austin. They are literally everywhere. • The town is filthy. • Boring • "Live music capital" (the music is junk) Just because mommy bought... Read More

    Austin is an insular overgrown trailer park - 9/4/2018
    Austin is a horrible little town masquerading as a city. Its an insular town where the locals hate any out of town people. The reality is that if it wasn't for out of... Read More


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