Austin, Texas

Summary List Placement

Editor’s note: This story was updated on April 6 with Elon Musk’s comments about Austin’s housing shortage.

The country crooner George Strait once sang, “All my exes live in Texas.” Odds are yours probably do too.

From 2010 to 2019, the population of Texas grew by about 3.8 million residents, Insider previously reported. Now 29 million residents call the Lone Star State home — more than the entire population of Australia.

Within Texas, the capital of Austin has been the center of interest for relocating Americans for most of the past decade. In the past 10 years, the Austin area had a net migration of 355,902 residents — a whopping 20.7% of its 2010 population of about 1.7 million. 

In 2020, Austin’s lure has proved stronger than ever, as the coronavirus pandemic’s normalization of remote work — coupled with the influx of businesses that have sought cheaper office space outside major coastal cities — boosted already high demand. 

Austin’s real-estate scene has become so hot, in fact, that now Elon Musk is pleading for more housing to be built as his companies look to hire hundreds of people in Texas. The Tesla and SpaceX CEO …read more


Source:: Businessinsider – Tech

      

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