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Austin named fastest growing major metro in the US

Since 2010, the Austin metro gained about 579,014 residents, a 34% population growth.

AUSTIN, Texas — It's no surprise that Austin is once again the fastest growing big metropolitan city in the country. 

According to U.S. Census Bureau figures released May 4, Austin's multi-county metro population increased to an estimated 2,295,303 people as of last July. This was a 3% increase from the previous year, making it the fastest population growth among metros with at least 1 million residents.

The Austin metro now ranks 29th among the nation's largest metros, moving up one spot from the previous year and ranking just behind Las Vegas, Pittsburgh and Sacramento.

Since 2010, the Austin metro gained about 579,014 residents, a 34% population growth, according to the data.

In terms of raw population growth, the Austin metro averaged 184 new residents every day. That includes a natural increase of births minus deaths, as well as net migration, which accounts for people leaving the Austin area.

This recent dataset also shows that metros in Silicon Valley are seeing an exodus of residents last year, as many residents have reportedly relocated to Austin, according to The Austin Business Journal. The San Francisco metro population decreased by 27,114 residents from mid-2019 to mid-2020, according to Census data, and the San Jose metro dropped by 14,054.

As major companies like Tesla continue flocking from California to Central Texas, Austin's rapid population growth shows no sign of stopping.

Central Texas's lower taxes, few business regulations and relatively lower cost of living makes it a magnet for Silicon Valley tech companies and digital nomads alike, the Austin Business Journal reports.

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