Every year, cities across the United States eagerly await the results of the U.S. News & World Report list of best places to live. The list is a validation to the cities that claim a top spot on the national ranking. Residents of the top cities can take pride in the fact that they live in one of the best places in the nation. For the City of Austin and its residents, the pride is doubly strong as the Live Music Capital has taken the number one spot on the list for its second consecutive year.
Benefits of Relocating to a New City
According to CNBC, research shows that where you live can have a great impact on your health, well-being and overall happiness. Millennials appear to be especially aware of this fact, as more of them are taking jobs in different parts of the country based on their long-term goals. This makes relocating more about overall lifestyle and less about a career alone.
“Relocating to a new part of the country is a common occurrence for millennials, who have largely emerged in the professional world ready to move for the right job, regardless of where it takes them,” U.S. News & World Report real estate editor Devon Thorsby tells CNBC Make It.
To develop the ranking, U.S. News analyzed 125 metro areas in the United States to find the best places to live based on categories that indicate the local lifestyle, economic stability and appeal. The assessment broke down into several categories, including quality of life and the job market in each metro area, as well as the value of living there and people’s desire to live there.
The study analyzed survey responses from 3,000 people as well as data collected from the U.S. Census, the Gallup-Healthways Well-Being Index, the Bureau of Labor Statistics, the FBI Uniform Crime Report and other U.S. News rankings.
Austin scored highly in the job market index, earning a 7.4 out of 10. It’s noted for having a healthier job market than similarly sized metros. The average salary is also higher than the average, coming in at an annual average of $50,830 compared to the $49,630 national average. Unemployment is 1.2% lower than the national average, reaching just 3.2% this year.
Austin’s Strong Job Market
Austin has maintained an unemployment rate lower than the national average, due in part to its sturdy, diverse economy. Central Texas has created itself as a thriving technology hub with several high-profile tech employers such as Google, Facebook, Samsung, Dell and IBM. Tech companies continue to relocate and expand in the area, too. One major draw for tech employers is the University of Texas at Austin, which keeps the employment pool supplied with highly educated workers.
Along with providing great talent, UT Austin is a major employer with more than 24,000 faculty and staff members. Education has proven to be a top employer for the Austin area, with several universities that provide thousands of jobs for residents. Other major Austin industries include leisure and hospitality, financial services, professional and business services and healthcare.
Life in Austin
In addition to an enviable economic scene, Austin offers irresistible lifestyle options. Known as the Live Music Capital of the World, Austin is said to have more music venues per capita than any other place on Earth. There are also renowned music festivals such as SXSW, which offers a week of music, movies, tech and other interactive experiences.
If you’re more inclined to activities that don’t require an amplifier, you can enjoy water recreation on the Colorado River. Ladybird Lake offers canoeing and stand-up paddling. Boat enthusiasts can enjoy boating on Lake Travis. There are nearly limitless hiking trails throughout the Austin area. Local parks are abundant and make for a very dog-friendly city.
Get Help with Your Relocation
To get professional, expert assistance with your Austin area relocation, reach out to the Austin real estate strategists at David Brodsky Properties. Our help is free and will prove invaluable in your move to the best place to live in the U.S.
You can also start your Austin area home search and receive listings that meet your criteria in your inbox daily or weekly.
Read more about Austin real estate.