According to a report by the Wall Street Journal, Austin has been ranked fifth among cities where the younger population, particularly college graduates, is likely to gather in post-recession times. Austin was noted for having tech and art savvy individuals and also for its cultural appeal with attractions like Austin City Limits and South by Southwest. Washington, D.C. and Seattle tied for the top spot on the list. Dallas ranked ninth.
In addition to being a magnet for the younger crowed, Forbes has named Austin as one of the top recession-proof cities for retirees. Factors used to determine the rankings include home prices, average housing expenses and the overall cost of living. Noted for pleasant weather and a positive economic outlook, Austin ranked sixth overall on the list.
