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Economy, jobs and prices in Austin, Texas: official figures

The median household income in Austin was $93,658 a year in the 2020-2024 American Community Survey (in 2024 dollars), 281st highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Texas median $78,476.

Median household income
$93,658
2020-2024
Unemployment rate (ACS)
4.7%
2020-2024
Mean travel time to work
23.7 min
2020-2024
Median gross rent (monthly)
$1,729
2020-2024
Median home value (owner-occupied)
$555,300
2020-2024
Homes occupied by their owners
43.4%
2020-2024
Households with a broadband subscription
93.8%
2020-2024

What is the per capita income in Austin?

Income per resident (per capita income) in Austin averaged $62,862 a year in 2020-2024, 87th highest of 823 US cities of 50,000 or more (US: $44,673; Texas: $40,752).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Austin?

Austin's Gini index of household income inequality was 0.486 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 158th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Austin, Texas?

4.7% of the civilian labor force in Austin was unemployed on average over 2020-2024 (28,955 people), 305th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Texas' 5.3%.

Source: U.S. Census Bureau · saved copy

What share of people in Austin are working?

75.2% of Austin's 822,234 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 19th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Austin have jobs?

588,819 residents of Austin held civilian jobs, 71.6% of those aged 16 and over (US: 59.7%), and 690 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Austin?

The largest industry group for working residents of Austin was professional, scientific, management and administrative services (23.1% of employed residents), followed by education, health care and social assistance (18.7%) and retail trade (9.5%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Austin work in manufacturing?

Manufacturing employed 7.5% of working residents of Austin, 309th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 23.1% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Austin, Texas?

Commuters in Austin took 23.7 minutes on average to get to work in 2020-2024, 356th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 4.5% travelled an hour or more and 23.8% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Austin get to work?

30.7% of workers living in Austin worked from home in 2020-2024, 41st highest of 823 US cities of 50,000 or more (US: 15.1%). 56.0% drove to work alone, 6.4% carpooled, 2.0% used public transport and 2.5% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Austin, Texas?

The median gross rent (rent plus utilities) in Austin was $1,729 a month in 2020-2024, 320th highest of 823 US cities of 50,000 or more (US: $1,413; Texas: $1,403).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Austin?

Owner-occupied homes in Austin had a median value of $555,300 in 2020-2024 as estimated by their owners, 219th highest of 823 US cities of 50,000 or more (US: $332,700; Texas: $283,800).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Austin?

The median home value in Austin was 5.9 times the median household income, 219th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Austin, Texas own their home?

43.4% of the 456,113 occupied homes in Austin were lived in by their owners in 2020-2024 and 257,933 were rented, 98th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Texas: 62.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Austin have broadband?

93.8% of households in Austin had a broadband internet subscription of some type in 2020-2024, 312th highest of 823 US cities of 50,000 or more (US: 91.0%; Texas: 91.4%).

Source: U.S. Census Bureau · saved copy

How many households in Austin have no internet?

3.3% of households in Austin (15,234) had no internet access at home in 2020-2024, 237th lowest of 823 US cities of 50,000 or more (US: 6.5%); 7.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Austin compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Austin ranks 281 of 823, highest first.

RankCityMedian household income (2024 dollars)
278Doral$94,164
279Santa Ana$93,999
280Burleson$93,928
281Austin$93,658
282Aurora$93,633
283Coral Springs$93,602
284Menifee$93,454
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Austin ranks 87 of 823, highest first.

RankCityPer capita income (2024 dollars)
84Irvine$64,055
85Boulder$63,074
86Folsom$62,962
87Austin$62,862
88Collierville$62,842
89Arlington Heights$62,826
90Shoreline$62,714
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Austin ranks 158 of 823, highest first.

RankCityGini index of household income inequality
155Huntsville0.487
156Pensacola0.487
157Hollywood0.486
158Austin0.486
159Arcadia0.486
160Albany0.486
161Mount Pleasant0.486
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Austin ranks 519 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
516Duluth4.7%
517Daytona Beach4.7%
518Fremont4.7%
519Austin4.7%
520Eastvale4.7%
521Escondido4.7%
522Columbus4.7%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Austin ranks 19 of 823, highest first.

RankCityLabor force participation rate (16 and over)
16Kyle75.6%
17Lehi75.6%
18West Jordan75.5%
19Austin75.2%
20Fargo74.7%
21Castle Rock74.6%
22Lakeville74.5%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Austin ranks 468 of 823, highest first.

RankCityMean travel time to work (minutes)
465Royal Oak23.8
466Camden23.8
467Bristol23.7
468Austin23.7
469Vineland23.7
470Troy23.7
471Burlington23.7
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Austin ranks 41 of 823, highest first.

RankCityWorkers who worked from home
38San Francisco31.0%
39Cambridge30.8%
40Walnut Creek30.8%
41Austin30.7%
42Leander30.6%
43Mountain View30.6%
44Franklin30.4%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Austin ranks 257 of 823, highest first.

RankCityWorkers commuting by public transportation
254Apple Valley2.0%
255Pompano Beach2.0%
256West Covina2.0%
257Austin2.0%
258Lakewood2.0%
259Millcreek2.0%
260Bolingbrook2.0%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Austin ranks 515 of 823, highest first.

RankCityEmployed residents working in manufacturing
512Herriman7.5%
513Delano7.5%
514New Braunfels7.5%
515Austin7.5%
516North Port7.5%
517Ames7.5%
518Redwood City7.5%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Austin ranks 736 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
733Kansas City18.7%
734Burien18.7%
735Columbus18.7%
736Austin18.7%
737Elgin18.7%
738Carrollton18.7%
739Eden Prairie18.6%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Austin ranks 320 of 823, highest first.

RankCityMedian gross rent per month
317Carrollton$1,735
318Hoffman Estates$1,734
319Loveland$1,730
320Austin$1,729
321Pompano Beach$1,724
322Charleston$1,722
323Lynn$1,722
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Austin ranks 219 of 823, highest first.

RankCityMedian value of owner-occupied homes
216Flower Mound$560,200
217Norwalk$558,000
218Miami Beach$556,700
219Austin$555,300
220Flagstaff$552,900
221Federal Way$552,800
222Weymouth Town$552,100
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Austin ranks 216 of 820, highest first.

RankCityMedian home value as a multiple of median household income
213Miami Gardens5.9x
214Indio5.9x
215Sandy Springs5.9x
216Austin5.9x
217Merced5.9x
218Franklin5.9x
219Gresham5.9x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Austin ranks 726 of 823, highest first.

RankCityOccupied homes lived in by their owners
723Richmond43.5%
724Davis43.5%
725Manhattan43.5%
726Austin43.4%
727Chico43.4%
728Burbank43.3%
729Lowell43.2%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Austin ranks 312 of 823, highest first.

RankCityHouseholds with a broadband subscription
309Shoreline93.8%
310Evanston93.8%
311Rogers93.8%
312Austin93.8%
313Gardena93.7%
314Boise City93.7%
315Durham93.7%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Austin ranks 587 of 823, highest first.

RankCityHouseholds with no internet access
584Rochester Hills3.4%
585Columbia3.4%
586Boise City3.4%
587Austin3.3%
588Fullerton3.3%
589San Mateo3.3%
590San Diego3.3%
Source: U.S. Census Bureau · saved copy

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Sources

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