The pandemic accelerated the shift out of large, crowded cities like San Francisco & New York. As a result, cities like Miami & Austin seem to have benefited a lot.
The migration away from large cities is real and it's a massive shift. I also noticed a couple of Twitter thread educating people about how it's like to work from & live in cities like Miami & Austin.
So you’re moving to Miami & you want to know about the tech scene... a mega thread (part 1):— Auston Bunsen (@bunsen) December 8, 2020
Also read this article from WSJ which talks about Austin gaining popularlity in the recent months. Some interesting stats from the article:
- Austin is expected to create ~10,000 jobs - highest figure for a single year ever
- For every person who moved to the Bay Area from Austin between April and October, 2.9 people moved in the other direction (39% increase from 2019)
- For New York, the same ratio was 2.2 (45% increase from 2019)
- # of 28-day-plus Airbnb reservations for entire homes in Austin increased 57% in the 3rd quarter compared to 2019
- Lower tax (no state income tax)
- Good weather (winters are short & mild)
- Homes are roomy and many have backyards