By The Kent Redding Group
AUSTIN, TX. – Are you searching for more reasons to relocate to Austin Texas? Thanks to a Forbes article we know that Austin, along with Dallas, has been ranked as on of the best cities in the United States for jobs in 2018.
It’s easy to see why Austin has been ranked again as one of the best cities for jobs in the United States because in the last 5 years more companies have relocated to Austin from California and other states in the effort to escape high taxes and legislation that’s been hurt business.
Austin has a growing population of younger who recently graduated college and want to continue living / working in an environment where there’s plenty of things to do on a regular basis.
Texas may not be the role model for most regions, but the Lone Star State’s growth formula has formidable logic for areas that don’t have the huge venture capital connections of the Bay Area. Second-ranked Austin, Texas, is certainly a booming tech hub, but its rapid job growth — 3.4% last year and 39% since 2006 — is more diversified than commonly believed. In fact, the big driver in terms of high-wage jobs is not tech but professional and business services, an area in which employment has grown 37.1% since 2006.
Like Dallas, Austin’s expansion is paced by strong population growth. The metro area last year had the strongest population increase and rate of domestic in-migration of any in the country with a population over a million. This population growth has translated into many things, most particularly growth in retail sales, construction jobs, financial services and trade, helping boost diverse jobs growth.