Austin experienced a significant slowdown in growth, falling to the 13th largest city and becoming the fourth fastest-growing region in the U.S. Changes in pull factors have contributed to this decline, notably a slowing economy and a drop in job growth, particularly in the information sector. Affordability issues are causing a pressure outward, with domestic migration now largely consisting of college-age individuals. Additionally, the city's demographic composition is shifting, with new residents increasingly being older and predominantly white males, changing the city’s cultural landscape.
Austin has dipped to the 13th largest city, and the fourth fastest-growing region in the country due to slowdowns in key pull factors and job growth.
Historically, Austin's pull factors included a highly-educated workforce, green spaces, culture, and a vibrant economy, but recorded job growth has stalled.
Domestic migrants now mostly comprise college-age young people coming to UT Austin, while affordability issues are creating an outward pressure.
Demographic shifts reveal that new movers tend to be older, have higher household incomes, and are primarily white males, indicating a change in the population dynamics.
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