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Apartments For Rent in Austin, TX

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Apartments for Rent in Austin, TX

Austin, a large city in Texas, has a population of approximately 912,000. Young professionals will fit right in, as they make up an above-average 22% of the population, while retirees are less well-represented. Overall, the city's residents, at an average age of just under 35, skew younger than most cities in Texas. Renters slightly outnumber homeowners in Austin by a narrow 55%-46% margin despite paying considerably more in rent than the state average of $1,029 per month.

Austin has an average commute time of about 26 minutes. Many residents (46%) commute to work by car or truck, while public transit isn't used extensively. Walking isn't a common way to get to work.

Compared to the national average (7%), Austin has a large number of residents over the age of 25 with advanced degrees, as 10% possess a Master's degree or a Doctoral degree. Additionally, 21% possess a Bachelor's degree, which also outpaces the national average. Many Austin residents work in one of five industries: scientific, retail, entertainment, education, and healthcare. Together, these industries account for 32% of the city's labor force. Meanwhile, in terms of job function, many workers in these industries are in management, making it the top career path in the city. With an average annual income of nearly $82,000, Austin workers take home about $9,000 more than their peers elsewhere in the state. Austin's average income also compares favorably to the national average ($73,345).