Solomon Group Real Estate Blog

Last week brought the release of 2009 estimates (before the release of the actual Decennial Census) from the U.S. Census Bureau’s American Community Survey (ACS). Here’s a sampling of findings from the 2009 ACS for the 5-county Austin Metropolitan Statistical Area. More information is available from the Chamber of Commerce.

Education.

Austin is ranked fourth in the nation for the percent of the population aged 25 and over with a bachelor’s degree or higher. Out of 1,096,413 residents over 25 years or older, Austin has 38.7% with at least a bachelor’s degree compared to 27.9% nationally, beating out Denver, Seattle and New York.

The population enrolled in college or graduate school is 148,329 or 31.2%, compared to 27.9% nationally.

Population.

Austin has the highest in-migration of population out of the 50 largest metropolitan areas with 6.9% of the population have moved from a different metro or non-metro area in the last year.

The Austin MSA Population is estimated at 1,705,075 and households at 614,047.

The population over 65 is estimated at 134,124 or 7.9%, compared to 12.9% nationally.

The Hispanic population is 30.7% compared to 15.8% nationally.

Foreign-born total 249,240, or 14.6%, compared to 12.5% nationally. A larger portion of these are not naturalized (71.3%) compared to the nation (56.3%)

Median age is 32.4 years, compared to 36.8 years nationally.

Income.

Median earnings for a male full-time, year-round worker is $44,881, 1.3% below the national earnings. Median earnings for a female full-time, year-round worker is $38,025, 7.0% above the national earnings.

Median household income is $56,218 compared to $50,221 nationally.

Management and professional occupations account for 42.1% of jobs held by the civilian employed population, compared to 35.7% nationally.

Real Estate.

The median value of an owner-occupied home is $189,300 compared to $185,200 nationally. Renters pay a median rent of $909, compared to $842 nationally.