Economist: Austin's population to double by 2040

Dec 16, 2013
KVUE


The Austin area continues to grow so quickly that its population will double in less than 30 years. That's the latest prediction from Angelou Economics, an Austin firm that revealed its annual forecast in downtown Austin on Thursday


By 2040 experts expect an additional 95,000 cars will fill area streets and highways as Austin's population reaches a staggering four million people


Job growth is a major indicator of a city's success, and Austin will likely see that area grow


The firm sees Austin creating 60,000 new jobs in the next two years


To help fill those posts as well as existing jobs, 115,000 new people will likely move to Austin in that same time period.


Along with the population and jobs, many of Austin's markets continue to grow. Angelou says the industrial, commercial, retail and housing markets are all booming.

   

The company's chief strategist says just as Austin looks very different from when he moved here in 1984, it will look very different when the population doubles by 2040.

    

Angelos Angelou said Austin may eventually have several different "downtowns."


"Not all the people can move and come to a central point. We've seen that happen in Dallas and other large cities where pockets of downtowns or central business districts where people work and live will flourish throughout this region," Angelou said


Angelou says with growth, comes growing pains. He says the real challenge will be adapting to changes and overcoming them, taking "a gangly teen like Austin" and making it a "graceful young adult."


For more information on Angelou's forecast, go here


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