Austin is known as the live music capital of the world and is home to ballet, world-class museums, one-of-a-kind shopping and beautiful outdoor spaces. Residents and visitors could just as easily spend a morning paddling the lake as they could strolling through a celebrated history museum.
Austin's population is 2.2M, with a total workforce of 1.1M. The labor market grew by 26,500 jobs over the past year, up by 2.4%. The median household income in Austin is $78,783, 2.4% higher than last year and 24.7% above the national average of $63,179.In the housing market, total permits issued totaled 35,645 over the last twelve months, up 25.5% year-over-year. Austin has 572 active new home projects on the market, 9.5% fewer than the 632 from last year. The average list price in the market is $314,604, 4.9% lower than last year and 2.1% below the national average. Over the last three months, new home contracts increased by 3.8% to 5,125. Austin and Leander had the highest concentration of the new home contracts in the Austin market.