Why are more young adults moving to Austin?
Austin stands out from many U.S. cities and towns for a number of reasons. The city is Texas' capital, and features a wide variety of attractions, entertainment outlets and job opportunities that have helped its economy thrive. In fact, many young adults are interested in some of the homes for sale in Austin, and these people could shape the city's future.
The Associated Press reports that Austin is among the U.S. cities that have seen the largest increase in population between the ages of 25 and 29 from 2000 to 2010. Austin is considered to be a high-tech, urban city, and many young adults are pursuing jobs in the area.
William H. Frey, a demographer with the Brookings Institution, points out that young professionals have more flexibility to relocate than members of other age groups, which could affect their migration rates going forward.
"We will see their migration rates swell even higher if the jobs become more plentiful," Frey told the news source. "Families, older professionals and retirees will be latecomers; they have more financial baggage and will need to make more careful decisions about when and where to move."
Austin offers opportunities to young adults
The U.S. Census Bureau notes that about 10.6 percent of Austin's population consisted of residents between the ages of 20 and 29 years old. Additionally, the city's entire population increased by 3.8 percent from April 1, 2010, to July 1, 2011. This rapid rise indicates that more people could be relocating to Austin because the city offers a variety of opportunities, including chances for career growth.
Research shows that many Austin residents have earned high school diplomas. The 2010 U.S. Census revealed that 85 percent of the city's citizens 25 years of age and older had graduated high school, which was 5 percent higher than the state's average between 2006 and 2010. Over 44 percent of Austin residents in the aforementioned age group had received bachelor's degrees from 2006 to 2010 - more than 18 percent higher than the state's average during the same time frame.
Many bright, talented people call Austin home, and the city's population could soon increase. The Austin American-Statesman reports that the city's jobless rate was 5.3 percent last month, which is a 0.6 percent decrease from August. Young adults can also explore career opportunities in industries such as construction, education and healthcare in the Austin area, as employers in these sectors have increased their hiring over the past year.