Recently named as the fastest growing city in the USA by the United States Census Bureau, Austin is becoming one of the most popular cities for expats moving to the USA. In this guide we take a look at why so many people are drawn to the capital of the Lone Star State of Texas. According to the report by the U.S. Census Bureau, Austin currently has a population of 1.9 million and a growth rate of 2.6%.
Many of the world's largest technology companies have a strong presence in Austin, including IBM, Apple, Dell and Samsung, with a reported 120,000 people being employed in the technology industry in the Austin region.
A major reason for the number of people employed in the technology sector in the area is the local University of Texas, which is widely renowned for its engineering and computer science programs. New graduates are often snapped up by local businesses. In January 2014, the city's unemployment rate fell to 4.7%.
Looking to make a similar impact on the area is the Dell Medical School, which is scheduled to open in 2016 and promises to be one of the nation's leading research Universities. The new school, which will partner with the University of Texas, will allow the area to become much more attractive to expats moving to the USA to pursue a career in the medical field. With this kind of expansion comes extra jobs in the local area for the building industry and an expansion of the housing market.
The residents of Austin do not just work hard, they play hard too. Often referred to as the ‘Live Music Capital of the World’, Austin is host to the famous Austin City Limits Festival which is held every year in Zilker Park. It’s also host to the annual South by Southwest (SXSW) film and music festival, which was responsible for injecting over $218 million in the Austin economy in 2013 (including hotels, bars, music venues, press, advertising revenue, restaurants etc).
There are many reasons why expats are moving to the USA, and in particular, moving to Austin, Texas. If you are thinking of joining them, get in touch with Cadogan Tate by clicking here and getting a quote for your international removal.
Information correct at time of publication