Austin Chamber of Commerce 1207 State of the Economy Demographics As presented to the Keller Williams Agent Leadership Council.

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Presentation transcript:

Austin Chamber of Commerce 1207 State of the Economy Demographics As presented to the Keller Williams Agent Leadership Council

Population Growth Source: U.S. Bureau of the Census.

Population by County Austin MSA Source: U.S. Bureau of the Census.

Population Growth by County Austin MSA Source: U.S. Bureau of the Census.

Population Projections by County Austin MSA (’00-’04 migration scenario) Source: Texas State Data Center, 2006.

Population Projections Austin MSA (’90s migration scenario) Source: Texas State Data Center, Anglo population drops below 50% in Hispanic population reaches 50% by 2040.

Population Projections Austin MSA (’00-’04 migration scenario) Source: Texas State Data Center, Anglo population drops below 50% in Hispanic population reaches 50% by 2040.

Population by Race & Hispanic Origin, Austin MSA, 2006 TotalNon-HispanicHispanic Total1,452,529 1,031,078 71% 421,451 29% White 1,244,354 86% 840,393403,961 Black 113,645 8% 106,5337,112 American Indian/Alaskan Native 9,876 1% 4,7785,098 Asian Alone 62,589 4% 60,8981,691 Hawaiian/Other Pacific Islander 1,583 0% 1, Two or more races 20,482 1% 17,3843,098 Source: 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 years). Source: U.S. Bureau of the Census.

Age Distribution of the Population 2005 Source: U.S. Bureau of the Census.

Fastest Growing Among Top 50 Metro Areas Population 2006 Growth Rank Difference% Ch. Las Vegas MSA 1,777,539401, Phoenix MSA 4,039,182787, Riverside MSA 4,026,135771, Austin MSA 1,513,565263, Atlanta MSA 5,138,223890, Orlando MSA 1,984,855340, Charlotte MSA 1,583,016252, Houston MSA 5,539,949824, Dallas MDiv 4,019,499568, Fort Worth MDiv 1,984,468274, Source: U.S. Bureau of the Census. *Austin is the 45 nd largest metro based on total population.

Total Net Migration 2000 Census Population in a Different Geographic Area in 1995 InmigrantsOutmigrants 5-Year Net Migration Phoenix MSA582,206337,047245,159 Atlanta MSA693,504460,201233,303 Las Vegas MSA 406,219180,953225,266 Austin MSA279,963175,623104,340 Tampa MSA394,574291,199103,375 Source: U.S. Bureau of the Census. Only three metropolitan areas experienced greater total net migration than Austin according to the 2000 Census.

Total Net Migration 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. Source: U.S. Bureau of the Census.

Migration Austin’s Top Total Flow Metros InOutNet Total flows InOutNet Total flows Houston78,44256,95721,485135,399New York7,3955,7641,63113,159 Dallas68,29558,8569,439127,151Washington7,0035,9301,07312,933 San Antonio51,59748,1273,47099,724El Paso9,2203,6495,57112,869 Killeen22,81715,5147,30338,331San Fran.7,4815,2332,24812,714 Los Angeles13,8778,2525,62522,129Waco7,1915,3301,86112,521 Corpus Christi 12,9027,8115,09120,713Coll. Station7,7094,6403,06912,349 Phoenix8,4286,9191,50915,347Brownsville6,9294,0652,86410,994 Chicago9,4224,9524,47014,374San Diego6,3404,0622,27810,402 McAllen8,0956,0012,09414,096Lubbock6,5953,6052,99010,200 San Jose8,5875,2383,34913,825Denver4,7724,698749,470 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 Austin’s Top Net Outflow Metros InOutNetInOutNet Nashville1,3581, Sumter Portland2,6232, Great Falls Charlotte Bellingham Richmond Ocala Asheville Dover Raleigh2,0152,111-96Yuba City Boise City Reno Boulder1,2161,293-77Pensacola Eugene Ft Walton Beach Seattle3,9454,018-73Cape Coral 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.

Educational Attainment 2005, Population 25 Years & Older Source: U.S. Bureau of the Census.

Most Educated Among* 50 Largest Metro Areas 2005 H.S. graduate At least some college At least a bachelor ’ s degree Rank* San Francisco MDiv87.4%72.2%48.8%1 Cambridge MDiv Washington MDiv San Jose MSA Seattle MDiv Austin MSA Oakland MDiv Boston MDiv Minneapolis MSA Denver MSA Texas ― United States ― Source: U.S. Bureau of the Census, ACS. *Based on population 25 years and older with at least a bachelor’s degree.