Austin has long been considered the primary boomtown in Texas. Its population has consistently surged yearly, going from 656,000 in 2000 to over a million in 2021, a consistent, steady growth. This is in large part due to the enduring appeal of the city, a live music hub with tons of family-friendly green spaces, great food, and a strong local culture. While the population surge has rapidly forced real estate prices up, Austin is still an affordable city relative to New York, L.A, or the Bay Area.
2020 and 2021 have seen major developments for the city economically. While the population boom helped Austin’s economy surge, it is now positioned as a tech hub, with companies like Tesla headquartering there and regional headquarters for Apple, Adobe, Oracle, and much more. It is positioned as one of America’s new powerhouses, and the population surge reflects that status.