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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

economy

This analysis predates the COVID-19 crisis and the economic impacts that followed. It is offered as an overview of the Capital regional economy and a resource for comparative purposes.

Regional Snapshot

Capital Region


The 10-county Capital region covers about 8,600 square miles in central Texas, stretching from Llano to San Marcos and from La Grange to Georgetown.

The region has one metropolitan statistical area (MSA), the Austin-Round Rock MSA, which includes Bastrop, Caldwell, Hays, Travis and Williamson counties.

Capital Region Counties:

  • Bastrop
  • Blanco
  • Burnet
  • Caldwell
  • Fayette
  • Hays
  • Lee
  • Llano
  • Travis
  • Williamson

Top 10 Industries by Location Quotient

  1. Computer and Electronic Product Manufacturing
  2. Data Processing, Hosting and Related Services
  3. Funds, Trusts and Other Financial Vehicles
  4. Museums, Historical Sites and Similar Institutions
  5. Administration of Human Resource Programs
  6. Other Information Services
  7. Heavy and Civil Engineering Construction
  8. Motion Picture and Sound Recording Industries
  9. Administration of Environmental Quality Programs
  10. Merchant Wholesalers, Durable Goods

Source: JobsEQ®


Population Growth

Capital REGION VS. TEXAS AND U.S., 2010-2019

Region
28.5%

U.S.
6.3%

Texas
15.3%

Source: U.S. Census Bureau

In 2019, the Capital region’s estimated total population was about 2.4 million or nearly 8 percent of the state’s total population. That marked an increase of 28.5 percent (more than 500,000 people) since the 2010 Census.

Education

Average Annual Earnings by Educational Attainment, Capital Region

Average Annual Earnings by Educational Attainment, Capital Region
Educational Attainment Average Annual Earnings, Region
Less than High School $41,802
High School or Equivalent, No College $45,878
Some College or Associate Degree $50,484
Bachelor’s Degree or Advanced Degree $68,165
Educational Attainment Unavailable $22,583
Total $48,423

Sources: U.S. Census Bureau and JobsEQ

Capital region workers with some college or associate degrees and stable jobs earn an average of $4,606 more annually than those with a high school degree, while those with at least a bachelor’s degree earn an average of $22,287 more.

JOBS & WAGES

From 2009 to 2019, the Capital region’s employment growth exceeded that of the state and nation, at 38.5 percent — the highest of any Texas region. In 2019, the region accounted for about 8.7 percent of the state’s total employment.

The Capital region’s most significant occupations are shown below, sorted by numerical growth during the last five years.

Employment Growth in the Capital Region vs. Texas and U.S., 2009 to 2019


Note: Figures include private and public sector employees with the exception of active-duty military personnel, railroad employees, religious institution employees and the self-employed.

Sources: JobsEQ and U.S. Bureau of Labor Statistics

Top Occupations in the Capital Region by Numeric Growth, 2014 to 2019

Top Occupations in the Capital Region by Numeric Growth, 2014 to 2019
Occupation Number Employed Average Annual Wages
Computer Occupations 56,718 $90,900
Food and Beverage Serving Workers 68,897 $24,600
Construction Trades Workers 47,502 $40,700
Business Operations Specialists 42,359 $74,200
Information and Record Clerks 48,122 $34,300

Note: Data are as of Q4 2019 except wage data, which are for covered employment in 2018.
Source: JobsEQ

Regional Economy

In 2019, taxable sales directly attributable to businesses in the region approached $44 billion, contributing nearly 7.9 percent to the state’s overall taxable sales.

Regional Receipts Subject to Sales Tax

Capital Region, Taxable Sales, 2007-2019
Year Revenue Capital Region
2007 23.27 billion dollars
2008 23.43 billion dollars
2009 21.49 billion dollars
2010 22.40 billion dollars
2011 24.12 billion dollars
2012 26.49 billion dollars
2013 28.46 billion dollars
2014 30.61 billion dollars
2015 32.24 billion dollars
2016 34.25 billion dollars
2017 36.25 billion dollars
2018 40.01 billion dollars
2019 43.93 billion dollars

Note: Numbers shown are for reported revenue subject to sales tax and directly attributed to the region.
Source: Texas Comptroller of Public Accounts

Summary

The Capital region is a microcosm of the state, both urban and rural, with a vibrant and diverse economy. Travis County, with the city of Austin at its center, is the region’s economic hub.

The Capital region and its 10 counties have many unique economic conditions and challenges. It has a highly educated population with high income and low unemployment. If it were a state, the region would have the nation’s second-highest share of population with at least a bachelor’s degree, behind Massachusetts.

The Capital region’s local economy has demonstrated strong, steady and consistent growth. It boasts a large concentration of technology- related industries and, in the last decade, maintained high employment growth with high average wages.

The Capital Region is one of the Comptroller’s 12 economic regions.

View a complete list of these regions, plus more in-depth county-by-county data.

Glenn Hegar

Texas Comptroller of Public Accounts


Questions?

If you have any questions or concerns regarding the material on this page, please contact the Comptroller’s Data Analysis and Transparency Division.

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