Austin remains a top 5 US tech talent market

Austin remains a top 5 US tech talent market

Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes

CBRE ranked Austin No. 6 overall among the top 50 markets and No. 5 in the United States for the overall strength of its tech talent, based on 13 metrics meant to gauge a location's depth, vitality and attractiveness to companies. Austin came in behind the San Francisco Bay Area, Seattle, New York City, Washington D.C. and Toronto and ahead of Boston.

Austin's ranking was unchanged from 2022.

Among the highlights of the new report:

  • - Austin ranks No. 3 for the highest concentration of software engineers, trailing only the Bay Area and Seattle.
  • - Austin also ranks No. 3 for the highest concentration of tech talent within the core tech industry, topped only by the Bay Area and Seattle.
  • - Local tech workers earn an average salary of $104,000, up 18% from five years ago. The highest paying role is computer and IT systems manager, with an average salary of $164,770.
  • - Austin has the nation's highest growth rate of tech workers in their 30s, with a 52% increase from 2016 to 2021.

  • This year's report shows that tech companies have been shedding jobs, often in sales. But small- and medium-sized non-tech businesses have been scooping up a lot of that talent as technology becomes a bigger piece of many industries.

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  • Ryan KellyBusiness Member
    Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
    10mo

    Now, let's just hope AI doesn't replace all their jobs!

    Ryan Kelly Group - Keller Williams5110 Reviews
  • Real Estate Broker · Austin, TX · Member since 2012 · 1k+ posts · 1k+ votes
    10mo

    @Ryan Kelly Austin will continue to evolve and keep growing like it has been doing since its creation. Austin metro has been growing double digits since 1850. Tech or not, history has proven that its a growing machine. 

  • 🎉 Director of Events at BiggerPockets · Denver, CO · Member since 2016 · 425 posts · 438 votes
    10mo

    Hey yall!

    The BiggerPockets team will be on the road in TX in January! Join Dave Meyer, Henry Washington, Garrett Brown, and more January 12-17 for our Texas Cash Flow Roadshow. We'll be stopping in Austin, Houston, and DFW and are planning community networking events, a strategy workshop, a live podcast, and an intimate supper club gathering.

    Learn more and register at biggerpockets.com/texas

    I hope to see you there!

    BiggerPockets
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