Market Blog

Austin Ranks in Top Ten Best Cities to Live for STEM Professionals


According to a WalletHub article written by Richie Bernardo in January of this year, STEM — Science, Technology, Engineering and Math — workers are in high demand in the work force. Estimates from the Bureau of Labor Statistics show that STEM “professions will expand 1.7 times faster than non-STEM occupations between 2010 and 2020.” WalletHub analyzed the 100 largest metro areas in the United States to determine the best markets for STEM workers; Austin ranked #6 overall.

Seventeen key metrics — including “Annual Median Wage for STEM Workers” and “Share of Best Engineering Schools” — were used for the study. Each metric fell under one of two main topics: Professional Opportunity (70 possible points earned) and STEM-Friendly Environment (30 possible points earned). Austin earned an impressive 57.26 points in total.

To provide further guidance for STEM graduates seeking jobs in the field, Bernardo asked a panel of seven experts to weigh in on a series of STEM related questions. These are the following questions answered:

“How do STEM graduates perform in the labor market relative to graduates from other fields?

According to recent census figures, the majority of STEM graduates do not ultimately work in a STEM occupation. Why is that the case?

How can the U.S. stay ahead of other countries in attracting and training the best STEM professionals?

In evaluating the best cities for STEM professionals, what are the top five indicators?

How can local authorities make their cities more appealing to STEM graduates and technology companies?

How can government, employers and educators increase the number of women and minorities in STEM fields?”

(The experts’ responses to these questions can be found in the original article)

Richie Bernardo | WalletHub

In addition to earning a top ten ranking, Austin was also highlighted as the No. 4 city with the highest percent of workforce in STEM, and was ranked the third city to have the highest quality of engineering universities.

[Via WalletHub]

Source: WalletHub
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