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H2overview of startups in austin texash2pbrppaustin texas is known for its young techsavvy vibrant population and thriving startup scene with affordable living costs topnotch universities and a burgeoning food and music scene its no surprise that austin has become a hub for entrepreneurship the city has a population of around 990000 people and a population growth rate of 28 per year attracting young people from around the worldppbrppthe citys economy is thriving with a gdp of 163 billion in 2020 and its median household income is 91000 higher than the national average moreover the citys unemployment rate is low at 44 and big tech giants like google apple facebook and amazon have set up offices in the areappbrph2austins startup sceneh2pbrppaustins startup scene is known for producing wellknown companies like homeaway bumble and bigcommerce it is also home to capital factory an incubator and startup accelerator which provides entrepreneurs resourcesppbrph2tools and support for startupsh2pbrppaustin is an innovation hub that provides support for entrepreneurs one such initiative is the development of the capital city innovation innovation district which is expected to draw in more startups and resourcesppbrph2business opportunities in austinh2pbrppaustins startup scene is booming with diverse industries from technology to healthcare the city is also an ideal location for startups in the healthcare industry with a growing number of resources dedicated to this sectorppbrph2actual salary figures quick to sign jobsh2pbrppthe cost of living in austin is affordable with a living wage of around 1584 per hour there is ample talent available in the city with the university of texas at austin being a prime source of talent salary figures are also impressive making it an attractive destination for startups and investors alikeppbrppin conclusion austin is wellpositioned to continue its upward trajectory in the world of startups with a supportive ecosystem ample talent and an entrepreneurial mindsetp