CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header


Booming Austin Sees Costs Of Living Skyrocket

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

kluvs super 70s weekend voting 1979 dl Booming Austin Sees Costs Of Living SkyrocketPick The Best Song From 1979

115245513 8 Booming Austin Sees Costs Of Living SkyrocketCrush Of The Day: Mila Kunis

80219448 Booming Austin Sees Costs Of Living SkyrocketViral Video: Hilarious Southwest Safety Announcement

155742164 Booming Austin Sees Costs Of Living SkyrocketPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

(credit: Annie Potasznik)

(credit: Annie Potasznik)

AUSTIN (AP) - Austin is a city on a winning streak, amid twin booms in economic and population growth.

But The Austin American Statesman reports that the city’s success is also making it more expensive. So much so that some longtime residents and recent transplants alike can no longer afford to live here.

Austin’s population grew from an estimated 674,000 in 2003 to 830,000 last year. Some suburbs, like Round Rock, grew even faster, making Austin among America’s fastest-growing large metro areas.

In August, Forbes magazine ranked the Austin area second among cities nationwide for job growth.

More residents have further bolstered local attractions including the South by Southwest festival.

But that has attracted still more people, which in turn is driving living costs still higher — effectively squeezing some residents out.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Trending:

PHOTOS: Your Pet Pictures

View Comments