2018 Best-Performing Cities | large-cities
Best-Performing Cities
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Large Cities 2018

Austin-Round Rock, TX MSA

Overall Rank: 3      Population: 2,116,000

Austin-Round Rock, TX, rises six places to rank third. A remarkably consistent high performer, the Austin-Round Rock region has now claimed a spot in the Top 5 for nine of the last ten Best-Performing Cities indexes, earning the top honors in 2009 and 2013. Texas’ state capital is home to a vibrant cultural scene and a large university population. Its strength in a diverse set of industries has helped the region generate growth at different points of the business cycle. The five-year metrics, which track performance in the medium-term, are stronger than the one-year metrics, but momentum is still strong. More than 38,300 net new residents moved to the Austin-Round Rock metro in 2017, adding to upward pressure on housing costs.

Metro's Performance in Each Index Component

Component 2013 2014 2015 2016 2017 2018 Score/
Value
5-yr Job Growth1 13  111.95 
1-yr Job Growth2 12  13  101.61 
5-yr Wages & Salaries Growth3 11  114.69 
1-yr Wages & Salaries Growth4 12  10  25  12  103.46 
Short-Term Job Growth5 18  27  26  87  24  101.42% 
5-yr Relative HT GDP Growth6 39  21  10  12  99  14  116.29 
1-yr Relative HT GDP Growth7 18  17  19  14  48  40  101.76 
High-Tech GDP LQ8 13  10  11  11  1.90 
# of HT GDP LQs Over 19 12  15  12  11  32  29  8.0 

2017-2018 Growth Comparison (by score)