Austin Economy Strong
Great news for Austin and Round Rock residents: The Austin economy is strong. More specifically, according to The Milken Institute/Greenstreet Real Estate Partners, Austin ranks number four among U.S. metropolitan areas in terms of job creation and job sustainability as well as economic growth. Included are wage and salary, job and technology growth.
The 2008 Milken Institute/Greenstreet Real Estate Partners Best Performing Cities Index has Austin at number four, showing that the Austin economy is strong. Just ahead of Austin on the list are Salt Lake City, Utah; Raleigh-Cary, North Carolina; and Provo-Orem, Utah. What’s worth noting is that last year The Milken Institute/Greenstreet Real Estate Partners Best Performing Cities Index ranked Austin number 20.
The Milken Institute is an independent economic think-tank dedicated to helping create a more efficient and democratic global economy. Established in 2000, The Greenstreet Real Estate Partners is an asset and investment management company.
With the Austin economy strong, the city is no doubt an ideal place to live. And those who live in Austin know that there’s much more to appreciate than the strong economy, like the thriving arts and music scene (including the two large annual festivals, Austin City Limits and South by Southwest), the many public parks and gardens, an average of 231 sunny days per year, and so much more.
Austin wasn’t the only Texas city on the list, though it did come in ahead of any other Texas city. At number seven was the McAllen-Edinburgh-Mission, with Killeen-Temple-Fort Hood ranked 13, San Antonio in the number 15 spot, Houston ranked 16 and Dallas came in at 23.
