Austin Chamber of Commerce 1207 State of the Economy Demographics As presented to the Keller...

Austin Chamber of Commerce

12•07 State of the Economy

• Demographics •

As presented to the

Keller Williams Agent Leadership Council

Population Growth 1996-2006

41.1%

23.7%

12.9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Austin MSA Texas United States

Source: U.S. Bureau of the Census.

Population by CountyAustin MSA

0

400,000

800,000

1,200,000

1,600,000

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

WilliamsonTravisHaysCaldwellBastrop


Population Growth by CountyAustin MSA

-2%

0%

2%

4%

6%

8%

10%

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

BastropCaldwellHaysTravisWilliamson


Population Projections by CountyAustin MSA

(’00-’04 migration scenario)

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2000 2005 2010 2015 2020 2025 2030 2035 2040

Williamson

Travis

Hays

Caldwell

Bastrop

Source: Texas State Data Center, 2006.

Population ProjectionsAustin MSA

(’90s migration scenario)

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

5,000,000

2000 2005 2010 2015 2020 2025 2030 2035 2040

Other

Hispanic

Black

Anglo


Anglo population drops below 50% in 2020.Hispanic population reaches 50% by 2040.

Population ProjectionsAustin MSA

(’00-’04 migration scenario)

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

2000 2005 2010 2015 2020 2025 2030 2035 2040

Other

Hispanic

Black

Anglo


Anglo population drops below 50% in 2020.Hispanic population reaches 50% by 2040.

Population by Race & Hispanic Origin, Austin MSA, 2006

Total Non-Hispanic Hispanic

Total 1,452,5291,031,078

71%

421,451

29%

White1,244,354

86%840,393 403,961

Black113,645

8%106,533 7,112

American Indian/Alaskan Native9,876

1%4,778 5,098

Asian Alone62,589

4%60,898 1,691

Hawaiian/Other Pacific Islander1,583

0%1,092 491

Two or more races20,482

1%17,384 3,098Source: U.S. Bureau of the Census.

Median Household Income 2005

Source: Experian/Applied Geographic Solutions.

Median Household

Income 2005

Source: Experian/ Applied Geographic Solutions.

Age Distribution of the

Population 2005, Austin MSA • Nearly half the metro's population, 46%, is in

the working years between ages 18 & 44 (compared to 38% nationally).

• The median age of the Austin metro is 4 years younger than the national median (32.5 years vs. 36.4 years).


Age Distribution of the Population 2005


25.4

12.0

33.8

21.4

7.4

24.8

9.9

28.3

24.6

12.4

0

5

10

15

20

25

30

35

40

0-17 18-24 25-44 45-64 65 +

Perc

ent

AustinUnited States

Fastest Growing AmongTop 50 Metro Areas

Population

2006

Growth 2000-2006

RankDifference % Ch.

Las Vegas MSA 1,777,539 401,801 29.2 1

Phoenix MSA 4,039,182 787,306 24.2 2

Riverside MSA 4,026,135 771,314 23.7 3

Austin MSA 1,513,565 263,802 21.1 4

Atlanta MSA 5,138,223 890,211 21.0 5

Orlando MSA 1,984,855 340,292 20.7 6

Charlotte MSA 1,583,016 252,613 19.0 7

Houston MSA 5,539,949 824,547 17.5 8

Dallas MDiv 4,019,499 568,253 16.5 9

Fort Worth MDiv 1,984,468 274,196 16.0 10


*Austin is the 45nd largest metro based on total population.

Total Net Migration2000 Census Population in a Different

Geographic Area in 1995

Inmigrants Outmigrants5-Year Net Migration

Phoenix MSA 582,206 337,047 245,159

Atlanta MSA 693,504 460,201 233,303

Las Vegas MSA

406,219 180,953 225,266

Austin MSA 279,963 175,623 104,340

Tampa MSA 394,574 291,199 103,375


Only three metropolitan areas experienced greater total net migration than Austin according to the 2000 Census.

Total Net Migration2000-2006

• Austin ranks 7th among the top 50 U.S. metros based on net migration as a percent of total population (11.0%).*

• Austin ranks 11th among the top 50 U.S. metros based on total net migration (165,841).

• Austin ranks 4th among the top 50 U.S. metros based on the rate population growth (21.2%).

• Austin ranks 45th among the top 50 U.S. metros based on 2006 population (1,513,565).

* The top 6 in this ranking are Las Vegas, Riverside, Phoenix, Orlando, Charlotte, and Tampa.

The Census Bureau’s components of population change estimates for 2000 to 2006 show that Austin continues to be one of the top destinations for migrating talent.


Migration 1994-2005Austin’s Top Total Flow Metros

In Out NetTotal flows

In Out NetTotal flows

Houston 78,442 56,957 21,485 135,399 New York 7,395 5,764 1,631 13,159

Dallas 68,295 58,856 9,439 127,151 Washington 7,003 5,930 1,073 12,933

San Antonio 51,597 48,127 3,470 99,724 El Paso 9,220 3,649 5,571 12,869

Killeen 22,817 15,514 7,303 38,331 San Fran. 7,481 5,233 2,248 12,714

Los Angeles 13,877 8,252 5,625 22,129 Waco 7,191 5,330 1,861 12,521

Corpus Christi

12,902 7,811 5,091 20,713 Coll. Station 7,709 4,640 3,069 12,349

Phoenix 8,428 6,919 1,509 15,347 Brownsville 6,929 4,065 2,864 10,994

Chicago 9,422 4,952 4,470 14,374 San Diego 6,340 4,062 2,278 10,402

McAllen 8,095 6,001 2,094 14,096 Lubbock 6,595 3,605 2,990 10,200

San Jose 8,587 5,238 3,349 13,825 Denver 4,772 4,698 74 9,470 The region draws new residents from all over the country, but it is a very strong attractor from other Texas metros — especially Houston & Dallas/Ft. Worth. There are also strong inflows from California, Chicago & the Miami area. Net outflow is negligible.

Source: Mid-America Regional Council, April 2007.

Migration 1994-2005Austin’s Top Net Outflow Metros

In Out Net In Out Net

Nashville 1,358 1,766 -408 Sumter 0 49 -49

Portland 2,623 2,891 -268 Great Falls 0 38 -38

Charlotte 691 901 -210 Bellingham 11 46 -35

Richmond 553 757 -204 Ocala 0 34 -34

Asheville 33 176 -143 Dover 0 33 -33

Raleigh 2,015 2,111 -96 Yuba City 0 33 -33

Boise City 567 647 -80 Reno 347 377 -30

Boulder 1,216 1,293 -77 Pensacola 322 351 -29

Eugene 331 405 -74 Ft Walton Beach 318 345 -27

Seattle 3,945 4,018 -73 Cape Coral 212 238 -26The region draws new residents from all over the country, but it is a very strong attractor from other Texas metros — especially Houston & Dallas/Ft. Worth. There are also strong inflows from California, Chicago & the Miami area. Net outflow is negligible.

Source: Mid-America Regional Council, April 2007.

Educational Attainment 2005,Population 25 Years & Older

39.1%

87.0%

27.2%

84.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

College Graduates High School Graduates

AustinUnited States


Most Educated Among*50 Largest Metro Areas 2005

H.S. graduateAt least some

college

At least a bachelor’s

degreeRank*

San Francisco MDiv 87.4% 72.2% 48.8% 1

Cambridge MDiv 90.4 67.0 47.5 2

Washington MDiv 88.4 67.4 44.2 3

San Jose MSA 85.5 68.7 43.8 4

Seattle MDiv 90.9 70.1 39.3 5

Austin MSA 87.0 66.2 39.1 6

Oakland MDiv 86.9 66.4 38.9 7

Boston MDiv 88.9 62.1 38.6 8

Minneapolis MSA 92.3 68.0 37.0 9

Denver MSA 88.0 65.5 36.8 10

Texas 78.8 52.5 25.1 ―

United States 84.2 54.7 27.2 ―Source: U.S. Bureau of the Census, ACS.

*Based on population 25 years and older with at least a bachelor’s degree.

Austin Chamber of Commerce 1207 State of the Economy Demographics As presented to the Keller...

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