STEM jobs have become increasingly important in the jobs sector. In fact, as of 2015, jobs in the science, technology, engineering and math fields represent 6.2 percent of U.S. employment, according to a report on the U.S. Bureau of Labor Statistics. That is a whopping 8.6 million STEM jobs in the U.S. in May 2015. However, the share of STEM jobs is not evenly distributed across U.S. cities.
Wallethub, an online finance resource, recently ranked major U.S. cities based on the concentration of STEM jobs. In their ranking of best and worst U.S. cities for STEM jobs, WalletHub compared the 100 largest metro areas across 20 key metrics. The sets range from per-capita job openings for STEM graduates to annual median wage growth for STEM jobs to projected demand for STEM workers by 2020.
Based on their analysis, Austin ranked as the 4th-best city for STEM jobs in the U.S. Austin ranked highly in the “Professionals Opportunities Rank,” which makes up 33.33 points out of 100 in the analysis. The Live Music Capital took the number 8 spot in the category. The category ranked cities based on job openings for STEM graduates per capita, the share of the workforce in STEM, projected demand for STEM jobs by the Year 2020, among other factors.
Austin also took number 14 in the “Stem Friendliness Rank,” which considers a city’s mathematics performance, quality of engineering universities, the disparity of women vs. men in STEM Occupations, research & development (R&D) spending & intensity and number of tech meetups per capita.
With tech companies like Apple expanding and moving into the Austin area, opportunities for STEM jobs continue to grow in the Texas Capital. Add to that the favorable climate, appealing lifestyle options and absence of a state income tax, and Austin is poised to continue to attract tech companies and employees. There’s no better time to make a move to Austin for a new career.
Read more about the Austin economy.