Austin has ranked as a Best-Performing City by the Milken Institute for 19 consecutive years.
In 2023, the Milken Institute named Austin the best performing large city in its prestigious Best Performing Cities list for the first time since 2013. According to the report, Austin ranked first in five-year job growth between 2017 and 2022, while wages surged by 73% — the highest wage growth reported among all large metro areas. Growth through tech is the reigning theme across America. Tech hubs such as Austin, have leveraged their educated workforces and competitive business climates to generate economic growth and access to opportunities. A remarkably consistent high performer, the Austin metro has now claimed a spot in the Top 3 for 8 of the last 10 Best-Performing Cities indexes. Austin’s strength in a diverse set of industries has helped the region generate growth at different points of the business cycle.
Economic Growth
Population growth, STEM talent density, and cost of living advantages power Austin’s continued rise as a premier destination for business and innovation. Explore the metrics driving regional performance and investment.
Infrastructure & Location
More than $2.5 billion in infrastructure investments are advancing Austin’s next phase of growth. Major transportation, aviation, and healthcare projects are improving connectivity, supporting talent attraction, and reinforcing the region’s long-term economic strength.
Major Employers
A diverse base of major employers anchors the Austin region’s resilient economy. From Fortune leaders to emerging innovators, companies here benefit from the conditions that power long-term success.
Discover who is leading the way in the 2026 Book of Lists.
Quality of Life
Austin’s appeal goes beyond being a great place to work and do business. Our unmatched quality of life is built on a strong foundation—safe communities, attainable housing, top-rated schools, reliable infrastructure, and big-city amenities that still feel personal.