Relocation to Austin – Top Benefits
Here are some of the top reasons why so many people are moving to Austin. Read our guide to learn more. Of course, there will still be pros & cons of living in both the cities. So consider everything before finalizing your moving decision.
The economy of Austin is booming, which is why thousands of young professionals are coming to the city. GDP and GMP are going up. According to predictions, the city’s economy is likely to grow by 40% over the next 10 years. It has become a hub of startups and tech firms, thanks to the presence of Google, Facebook, Dell, Oracle, IBM, Amazon, Expedia, and many others.
You will also find many popular consumer brands like Whole Foods, Yeti Coolers, and National Instruments. The city has many unique small businesses as well.
Austin Has High Ranks in Many Charts
- America’s best job market - Wall Street Journal – 2020
- Best place to start a business - Inc. – 2020
- Best state capital to live in – US News – 2019
- Best tech cities in the world – Savills – 2017
- Best big cities for jobs – Forbes – 2018
- Best U.S. market for real estate investment - Urban Land Institute – 2019
- Most recession-resistant city – SmartAsset – 2020
- America’s greatest music cities – Thrillist – 2017
- Best college towns in a large city – WalletHub – 2019
- Best cities to raise a family – SmartAsset – 2017
- Best foodie cities in america – WalletHub – 2019
So you see, Austin has been one of the best places to live in the US for quite some time now. This makes it the fastest growing city in the country.
You will find a good university and excellent schools, which is why so many young students prefer the city. Many of the schools are ranked in the top 500 in the country. Princeton review has ranked the University of Texas as one of the best value colleges. The Longhorns competes in the NCAA and draws excellent crowds.
Cost of Living
Austin is the country’s 5th most affordable large city. The city’s overall cost of living is below the national average. Compared to Houston, it is 1.8% cheaper. Transportation will cost you 7.5% less. Childcare 8.3% less. You will spend 7.8% less for sports and entertainment and 1% less for clothing.
The city’s housing market has stayed steady for many years despite the increased demand. That’s because, 12,600 new apartment units have come up in 2020 alone. The monthly rent price has come down by 4.4%, excellent for those looking for a place to stay at an affordable price. However, you will still find superior homes in the city that costs more than the ones in Houston. So there is something for all here.
- Loaf of bread: $2.92
- Energy bill: $147.04
- A gallon of gas: $2.44
- Visit to the doctor: $110.05
Music and Festivals
Austin is the place for music lovers. It is often said that the city is the “live music capital of the world”. You will find live music in almost restaurant and bar several times in a week. In fact, you can hear live music every night of the week if you so want. The city also hosts many festivals, including the SXSW. Thousands of people attend this film, art, tech, and music fest.
The city has mild climate, which allows the residents to enjoy outdoor activities. Austin is often called “the greenest city in Texas”. There are beautiful lakes, parks, many hiking and biking trails. A large section of the population loves to spend time outdoors. The city has even been named as the “best bike-friendly city” in the country.
The locals love barbecue. The residents take it very seriously, which is why you will find it in many eateries. You will find cuisines from around the world because of the city’s ethnically and culturally diverse population. There are both world-class restaurants and 1500 registered food trucks, all offering something unique.
The city has a bad reputation for traffic. It is comparable with what you will find in San Francisco, Los Angeles, and New York. But you will get relief if you take public transport. Take the Capital Metro to reach downtown and the greater Austin area. Single rides at $1.25 are cheap. You can get a monthly pass too for $41.25. There is also Metro Rail running through downtown and Leander.