Every March the US Bureau of Labor Statistics (BLS) revises their jobs added (or loss) numbers among major Metros. Austin’s Revised Ranking comes in at # 5 in the country and #1 in the State of Texas:

Austin’s Non-farm Payroll Jobs Surge to Top 5 Nationally

The Austin region’s job market boomed in 2024, surpassing earlier growth estimates and propelling the city into the ranks of the top five fastest-growing large metros in the U.S. According to newly revised data from the U.S. Bureau of Labor Statistics (BLS), Austin’s non-farm payroll jobs expanded by 28,500 positions over the past year — reflecting a 2.1% growth rate. This is a notable improvement over previous projections, which had estimated 1.7% growth (about 22,700 jobs), and pushes Austin up from 10th to 5th place among large metros nationwide.

When compared to other top-performing metros, Austin’s job growth stands shoulder to shoulder with powerhouse regions like New York (2.2%), Miami (2.2%), and Arlington, Virginia (2.4%). Orlando, Florida, leads the pack with a 2.5% growth rate, followed closely by Arlington and Miami. Austin’s addition of nearly 30,000 jobs underscores the region’s continued appeal as a magnet for businesses, startups, and established companies alike.

Austin’s rise in the rankings is not just a statistical bump — it reflects the city’s resilience and ability to attract diverse industries. From tech and healthcare to creative sectors and education, Austin’s economy remains one of the most dynamic in the country. As other Texas metros like San Antonio and Fort Worth also show solid gains, it’s clear that the Lone Star State continues to be a national leader in job creation.

What Does This Mean for Austin’s Housing Market?

Strong job growth typically fuels demand for housing, as more workers move to the area seeking opportunities and stability. For Austin, this means continued pressure on both the rental and homeownership markets. As companies expand and talent flocks to the region, housing inventory may tighten further, driving up prices and intensifying competition — especially in desirable neighborhoods and suburbs. Buyers can expect a highly competitive market, while investors and developers may see new opportunities to meet the rising demand for homes, apartments, and mixed-use spaces. For current homeowners, this ongoing growth signals sustained property value appreciation and solidifies Austin’s standing as one of the nation’s most vibrant and economically promising housing markets.