Austin named America’s fastest growing metropolis | kvue.com
Since 2010, the Austin metro has gained approximately 579,014 inhabitants, representing a population growth of 34%.
AUSTIN, Texas – It’s no surprise that Austin is once again the fastest growing large metropolis in the country.
According to US Census Bureau figures released on May 4, the metropolitan population of several counties in Austin grew to about 2,295,303 in July. This is a 3% increase from the previous year, making it the fastest growing population among metros with at least 1 million inhabitants.
The Austin Metro now ranks 29th among the nation’s largest subways, advancing one place from the previous year and ranking just behind Las Vegas, Pittsburgh and Sacramento.
Since 2010, the Austin metro has gained about 579,014 residents, a population growth of 34%, according to the data.
In terms of gross population growth, the Austin metro had an average of 184 new residents every day. This includes a natural increase in births minus deaths, as well as net migration, which represents people leaving the Austin area.
This recent data set also shows that Silicon Valley subways saw an exodus of residents last year, as many residents reportedly moved to Austin, according to The Austin Business Journal. The San Francisco metro population declined by 27,114 from mid-2019 to mid-2020, according to census data, and the San Jose metro fell by 14,054.
As big companies like Tesla continue to flow from California to central Texas, Austin’s rapid population growth shows no sign of stopping.
Lower taxes in central Texas, few business regulations, and relatively lower cost of living make it a magnet for Silicon Valley tech companies and digital nomads, the Austin Business Journal reports.
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