And, of course, our music industry and all of the experiences we have with our festivals and events is a great location for tech workers or any kind of worker that is more of a high earner.Īnd so, as more people move in, there's just the catch-22 that the prices go up. They want their employees to have some fun things to do. Erica Shamaly heads the city's music and entertainment division.Įrica Shamaly, Manager, Austin, Texas, Music and Entertainment Division: A lot of companies are drawn to Austin because the quality of life is really great. In recent years, tech giants like Tesla, Apple, and Google have relocated or expanded in Austin. But the city's flourishing music scene has helped attract another industry, tech. Estimates have shown the music industry generates well over a billion dollars a year for Austin. And more than a third were considering leaving not just the city's core, but the entire region in the next three years.ĭo you have friends that are local musicians that have stayed in Austin?Īustin is home to more than 250 live music venues.Įvery year, it hosts internationally renowned festivals, like South by Southwest and Austin City Limits. Between 20, there was a 12 percent drop in musicians living in Central Austin. It found almost 40 percent of people in the music business here were struggling to afford housing. In February, Sound Music Cities, a consulting firm that works with the music industry and local governments, released the results of its 2022 Greater Austin Music Census. But the rising cost of living is driving out local musicians, and that puts music scenes like this one at risk.
Austin is known as the live music capital of the world. In leaving the city, Mann is far from alone. So he left, moving 40 minutes away to Elgin, where he opened up this bar, which regularly hosts musicians from all around the area, including his own band, Blue Jean Queen. On top of that, Mann couldn't afford to buy a House in Austin.
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