Austin, TX Job Market
Austin had one of the strongest populations increase in recent years, especially in domestic migration. This translated to various effects such as the city becoming a healthy job market which means more opportunities for Austinites and people outside Austin to move within the city for employment opportunities. People are flocking to Austin due to the city’s reputation and the work-life balance offered by several companies.
Millennials, born 1981-1996, have the highest percentage of moving to Austin with 27.2% which is the second-most percentage of the millennial population. The generation is also said to enjoy the nightlife, the natural setting for an active lifestyle, local restaurants and coffee shops, shopping options, or the laid-back lifestyle which makes Austin the perfect place for job hunting.
The University of Texas, Saint Edwards University and other local colleges produce thousands of graduates wherein the majority seeks to stay and search for jobs within the Austin area. If you are moving to Austin for the very first time in search of an employment opportunity, it is ideal to have some savings or an emergency fund since there are times where landing a job will not be easy.
Why Are People Moving to Austin for Work?
Austin is one of the best cities in the United States to live and work in. The city is consistent when it comes to being the best cities for job growth according to Forbes and it is also the strongest local job market in the USA. There are plenty of best companies to work for in Austin. Tech companies are dominating the market with established campuses and ones that are soon to rise in the area. Companies such as Dell, Google, and the newly announced campus of Apple are some of the biggest tech companies that have called Austin their new home.
In July 2020, Elon Musk has announced building the Tesla Gigafactory in the grounds of Austin, on the same month, construction for the factory has begun. It has been said the Gigafactory in Del Valle will employ 5,000 people to staff the facility. And in December 2020, software giant, Oracle Corporation announced relocating its headquarters from California to Austin, Texas.
The city of Austin also received a high mark when it comes to work-life balance and competitive salaries compared to other cities. Austin’s gorgeous setting has close proximity to nature with plenty of entertainment options and a laid-back culture. This makes Austin a one of a kind destination when it comes to moving and searching for a job that will provide you the best of both worlds.
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Career Fields in Austin
Without a doubt, Austin appears to be one of the top places for tech professionals to work in. It is even said that it is expected to grow in the next five years by about 15%. Aside from tech companies, there are more career fields that are thriving in Austin. Here are the top career fields in Austin you should know.
Information Technology
With today’s advancements in the internet, electronics, and communications, information technology is expected to grow over 45% in the next ten years. Whether you are an entry-level IT analyst or an experienced one, this career field will continuously be in demand for further innovations.
Healthcare
The medical field is expected to increase its job growth to 23% to 39%. Physicians, nurses are currently in demand. Chiropractors, veterinarians, and therapists are also expected to increase in the near future. Austin alone has 11 hospitals and numerous other healthcare companies surrounding the area.
Education
The education sector is also a massive employer in the Austin area. The Austin Independent School district has a population of over more than 80,000 students and employs about 12,000 teachers and staff. Universities such as the University of Texas – Austin consists of 87,000 faculty and staff combined, while St. Edwards University has about 3,000 employees.
Finance
Accounting is one of the top programs offered to colleges and universities, Its job growth is expected to grow at least 18% in ten years. Financial advisors and Certified Public Accountants are some examples of finance-related fields.
Hospitality
With more hotels and residences being constructed in the Austin area, hospitality, service, and restaurant management are on the rise. Chefs are also becoming in demand especially with Austin being one of the best destinations to indulge in delicious local dishes in the United States!
Real Estate
Austin’s real estate market is crazy and hot. The city ranked Number 1 in the list of the Best Places to Live in the country by the US News and World Report and Forbes. With people flocking in Austin from different parts of the country or the world, the housing market will continuously be competitive and even overwhelming in the future.
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