The complete economic picture of Texas's fastest-growing major metro. From labor markets to housing, construction to wages — all powered by Federal Reserve data.
Labor market health and income trends
With 1.6M workers and 3.4% unemployment, Austin's labor market remains tight. Construction employs 175K workers (12.3% of total), reflecting ongoing development activity.
Prices, inventory, and market velocity
Development activity across the metro
The Austin MSA — formally the Austin–Round Rock–Georgetown Metropolitan Statistical Area, CBSA code 12420 — is the federal definition of the Austin metro. It spans five counties (Travis, Williamson, Hays, Bastrop, and Caldwell) and is home to more than two million people, making it one of the largest and fastest-growing metros in Texas.
The metro’s gross domestic product (GDP) runs well into the hundreds of billions of dollars and has been among the fastest-growing of any large U.S. metro for over a decade, driven by technology, semiconductors, and advanced manufacturing. The GDP figure above comes from the Bureau of Economic Analysis via FRED.
The Austin metro labor force numbers well over a million workers. Labor force counts everyone employed plus those actively looking for work; the figures here come from the BLS Local Area Unemployment Statistics program, published monthly through FRED.
All indicators are sourced from the Federal Reserve Economic Data (FRED) service, which aggregates official figures: jobs and unemployment from the BLS, GDP and per-capita income from the BEA, population from the Census Bureau, and housing-market data from Realtor.com.
