Business Climate Ed. Business Climate Living in Austin Business Climate Austin was recently selected by Fortune Magazine as one of the best cities in the nation for business. With over a million residents in the greater metro area, Austin is the second fastest growing city in the nation and is now the 27th largest city. Progressive local government, an absence of state and local personal income tax, and a competitive cost of living makes Austin an ideal place to get the most from your earnings. The influx of high-tech professionals into Austin from all over the country makes this one of the most stimulating, exciting and diverse business environments in the world.
People work hard, but they know how to relax, too.
While high-tech remains the fastest growing and most visible part of the Austin economy, the city is well diversified with a strong government, education and financial base. Austin also has a burgeoning film industry complimented by creative people, great weather, scenic hills, and nearby small towns.