My Top Ten Reasons To Live or Invest in Austin Texas

  1. The Weather.

I love the climate. Austin has a humid subtropical climate, and I like the humidity. Austin is sunny when it is not raining, and I do love a good rain storm down here. But, I really love the sunshine. The Weather Channel documents that Austin reports nearly 2650 hours, or 60.3% of the possible total, of bright sunshine per year. Summer dewpoint averages at around 68°F. That’s my kind of town. We still have some seasons, but mostly, they are sunny and beautiful. I don’t mind the heat either, but it is hot down here in the Summer for sure. The same report cites that Austin documents highs that reach 90° F on 116 days per year, and 100° F on 18. So, if you can’t take the heat, you might want to get out of Austin in the Summer. But, it only freezes on average 18 days a year. I like that statistic.

  1. It’s Affordable.

Texas consistently ranks as one of the nation’s most favorable business climates based on its low tax burden and competitive regulatory environment. The Real Estate Center at Texas A&M University cites Texas as one of the most affordable housing markets in the country. Stable home prices and historically low mortgage rates make Central Texas homes very affordable relative to household income. The Cost of Living Index is considerably lower in Austin than most other comparable areas, and remember, we have the weather and other cool things along with relative affordability. It is also a great place to invest. Metrostudy, a housing information and consulting firm, reported recently that their quarterly survey of the Austin market revealed a 17% increase in new home starts compared to Q1-3, 2013. The following chart is a copy and paste from the Austin Chamber of Commerce web site.

chart-cost-living

3. It’s Innovative

Ranked as the second-most innovative city in May 2010 by Forbes magazine, Austin is one of the top cities in the country for entrepreneurs. Perhaps that’s why leading companies such as Dell, Samsung, Facebook, Google and National Instruments and me all have key offices here.

4. It’s fun down here.

There’s something for everyone in Austin. Austin boasts major music festivals; a world-class nightlife; more than 30 museums; and is the host city for the Formula 1 United States Grand Prix through 2021. There is always something going on! And just wear your shorts. I like the glitz and glamour sometimes, but once I got all settled in, I am like the casual atmosphere. Austin City Limits festival is awesome. South By South West is amazingly fun, even if you don’t have no stinking wrist bands. I have enjoyed SXSW for many years. Maybe this year I will get a wrist band and really go all in since I live right here.

Reason #4 also has some real estate tie into it. These big festivals bring in big money for those who rent their place out for the weekend. Go look on Air BnB and see what condos down here are going for during any of those venues.

5. The Lakes are very much alive.

Austin is a lake community.  The drought and over-irrigation of Lake Travis put it in a state of change. Some establishments went out of business because the lake line moved about 150 feet in some instances. What was once lakefront is now a distant lake view. However, that did not stop the boating community in Austin. I highly recommend Devil’s Cove if you have not been there. It is a whole lot of fun and that party has not changed much over the years.

I like helping my Dallas and outside folks find lake properties. It is a great time of the year to invest in that second home. There are some great deals to be had, and the drought is over. The lake is back up, not where it was, and it never will be again, but it is still Lake Travis. There are some really cool homes that are below tax records and a few REO’s out there to be had. There is also a lot of new development going on in Bee Caves, Lakeway, Steiner Ranch areas. If you have not driven out there lately, it is a whole new place blowing up out there. I like that area a lot.

6. It’s fit and healthy

  •  Austin is named one of America’s Best Bike Cities by Bicycling Magazine (September 2014) 
  • Austin is named one of the Top 10 Fittest Cities in America by Sharecare (January 2014) 
  • The American College of Sport Medicine ranks Austin the 11th Fittest City in America and number 1 fittest city in Texas in their latest American Fitness Index  (May 2013)
  • Women’s Health magazine ranks Austin the 4th healthiest city for women. (January 2012)
  • BBC.com Travel names Austin as one of the healthiest cities in America (may 2012)
  1. The downtown vibe is super cool.

It’s safe. It’s chic. It’s hip. It’s fun. It’s a beer town. It’s pet friendly. It’s gay friendly. It’s race friendly. It’s all that! It’s the heart of Austin Texas.

  • Forbes ranks Austin among America’s Coolest Cities to Live (July 2012)
  • Forbes names East Austin #7 of America’s Best Hipster Neighborhoods (September 2012)
  • Matador Network names Austin #2 best beer town in America (May 2013)
  • CQ Press names Austin’s crime rate as the fourth lowest in the nation among cities with more than 500,000 people (February 2013)
  • Austin is named the #20 top meeting destination in the United States by the Professional Convention Management Association (August 2013) 
  • Austin is ranked the No. 4 safest city in the United States with a population over 500,000 by the FBI (2013) 
  • Priceline.com ranks Austin #7 on its list of America’s Most Pet-Friendly Cities for Travelers (April 2013)
  • Austin is one of the friendliest cities in America for lesbian, gay, bisexual and transgendered people, according to personal finance website NerdWallet (May 2014) 
  • Moneyunder30.com ranks Austin the #1 City in America to Be Young, Broke & Single (June 2013)

8. Live Music

Austin is known as “the live music capital of the world.” According to Austin Relocation Guide report in 2013, the slogan became official in 1991, after it was discovered that Austin had more live music venues per capita than anywhere else in the nation. It has been registered and trademarked. There are reportedly more than 1,900 bands and performing artists living in and around our city. From Austin Blues to Emo, Austin’s nearly 200 live music venues mean you can catch a show any day, at almost any time. Austin is also home to some of the largest music events and festivals in the world, including South by Southwest (SXSW), Austin City Limits Music Festival (ACL), The Urban Music Festival, Fun Fun Fun Fest, the Pachange Festival and more. I love love love the music in this town. It’s just everwhere and it’s a vibe down here that is unique and only paralleled in places like Memphis and Nashville.

9. Growing Economy

According to Monster.com report on job growth, Austin holds great employment potential for residents. Its unemployment rate is consistently lower than the national average and the average wage is growing faster than anywhere in Texas. In fact, Austin’s favorable business climate and considerable growth in clean energy and technology led.

  • Forbes names Austin America’s fastest growing city (January 2013)
  • Forbes names Austin America’s #1 Fastest-Growing City for the fourth year in a row (February 2014) 
  • Nerdwallet.com ranks Austin 3rd Best City to Start a Business (April 2013)
  • Bloomberg News ranks Austin #1 on its list of Top 12 American Boomtowns (April 2013)
  • Forbes names Austin #1 City for Future Job Growth (August 2013) 
  • InvestmentNews ranks Austin, Texas No. 1 best city to open your small business (September 2013) 
  • Austin’s economy ranked No. 1 in the country by The Business Journals’ On Numbers (October 2013) 
  1. It’s Educated
    Home to the University of Texas, 7 other public and private universities, 29 public school districts, 17 charter schools and 69 private schools, Austin is an educated city. Among Austin residents age 25 and older, 40% hold bachelors degrees or more.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s