Published July 28, 2022
Report says Austin ranks No. 1 in Texas for median salary growth
AUSTIN, Texas — The Austin-Round Rock metro area saw a growth of 9.40% in
median salary wage from 2019 to 2021, according to the ADP Research Institute.
The increase makes Austin-Round Rock the No. 1 metro area in Texas for
salary growth rates, the study says. In second place sits San Antonio-New
Braunfels at 5.8%, then Houston-The Woodlands-Sugar Land at 5.07%, and
Dallas-Fort Worth-Arlington at 4.55%.
The national average median salary wage growth is 6.77%.
Breaking down the Austin-Round Rock numbers further, the report said the
area experienced a low-end salary growth of 11.57% between 2019 and 2021 and a
top 5% earner salary growth of 14.01% during the same years.
The ADP Research Institute looked at 26 million worker records in
conducting its study. The report noted that the growth rates come "as
workers deal with the rising cost of living and are impacted by high
inflation."
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