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Brian Kelsey's presentation at the UT Opportunity Forum on September 12, 2014.
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• Population change (nom) #10• Population growth (%) #2• Job change (nom) #8• Job growth (%) #1• GRP change (nom) #21• GRP growth (%) #2
Austin rank among U.S. metros since 2000
Source: U.S. Census Bureau, Population Estimates. U.S. Bureau of Labor Statistics, Current Employment Statistics. U.S. Bureau of Economic Analysis. Jobs are from July 2000 to July 2014. GRP is from 2001 to 2012 (2000 not available). Growth rankings are among large MSAs.
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% Total Job Growth 2013-2014
Average Wage2013
Affordable HousingMax Monthly Cost
High School Diploma 36% $40,033 $1,001
No High School Diploma 34% $22,431 $561
Bachelor's Degree 20% $79,766 $1,994
Some College 8% $45,663 $1,142
Graduate or Prof Degree 2% $87,813 $2,195
70% of job growth occurring in occupations that can only support ≤ $1K monthly housing cost
Austin-Round Rock MSASource: Employment data, including 2014 projection, from EMSI. Some College category includes certificates, associate’s degree,
and people w/ higher education credits but no completed postsecondary degree. Maximum monthly cost for affordable housing is calculated at 30% average wage. Average wage is a weighted average calculated with jobs by five-digit SOC occupations and average
hourly wage estimates for all jobs across all experience levels—i.e. entry-level wages are usually much lower than average wages.
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HighlandSt Johns Heritage Hills
Pleasant Valley Parker LaneNorth University
Source: Zillow, June 2014. Data is the median of the rental price for homes listed for rent on Zillow. Not representative of the universe of rental stock because not all residential rental properties are listed on Zillow. Maps from city-data.com & neighborhood association websites.
Median rent < $1K per month
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PopulationAge 25+
2012
Pop GrowthAvg Annual2000-2012
Job GrowthAvg Annual2001-2014
Job Growth“Boom” Year
2013-2014
Bachelor’s Degree 321,536 11,265 3,488 7,424
Some College 332,076 9,599 1,694 2,856
High School Diploma 227,965 6,278 5,418 13,366
Graduate or Prof Degree 155,522 5,004 797 829
No High School Diploma 139,522 1,893 5,346 12,731
The Human Capital is getting crowded
Austin-Round Rock MSASource: Population data from U.S. Census Bureau, American Community Survey table B15002 and Census 2000 SF3
table P37. Employment data, including 2014 projection, from EMSI. Some College category includes certificates, associate’s degree, and people w/ higher education credits but no completed postsecondary degree.
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Hispanic
Black
White
Asian
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
41%
61%
80%
81%
Source: U.S. Census Bureau, 2012 American Community Survey, Five-Year Estimates, tables C15002. Some College category includes certificates, associate’s degree, and people w/ higher education credits but no completed postsecondary degree.
% of Pop Age 25+ in Austin-Round Rock MSA With Some College +
Disparity in educational attainment is shutting out large % of residents from living wage jobs
United StatesAsian 70%
White 62%Black 51%
Hispanic 36%
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Source: U.S. Census Bureau, 2012 American Community Survey, Five-Year Estimates, tables C15002. Some College category includes certificates, associate’s degree, and people w/ higher education credits but no completed postsecondary degree.
% of Pop Age 25+ in Austin-Round Rock MSA With Bachelor’s Degree +
Disparity in educational attainment is shutting out large % of residents from living wage jobs
Hispanic
Black
White
Asian
0% 10% 20% 30% 40% 50% 60% 70% 80%
17%
23%
49%
67%
United StatesAsian 50%
White 32%Black 18%
Hispanic 13%
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Employment2013Q2 ATX
Average Wage2013Q2 ATX
Affordable HousingMax Monthly Cost
Average Wage2013Q2 TX
Asian 40,044 $69,096 $1,727 $62,808
White 509,218 $61,284 $1,532 $53,496
Black 83,811 $38,904 $973 $37,848
Hispanic 226,050 $38,388 $960 $37,212
Segregation will continue to increase with rising cost of living unless gaps are closed
Austin-Round Rock MSASource: U.S. Census Bureau, Quarterly Workforce Indicators. Maximum monthly
cost for affordable housing is calculated at 30% average wage.