Buda’s Talented & Diverse Workforce
Businesses want to move to Buda, but equally important, employees want to live here. The city has a lower cost of living than Austin, which can lead to significant savings on real estate, taxes, and other operating costs.
Buda’s economy is also growing at an astonishing rate, fueled by a diverse and highly educated workforce. The city boasts a labor force participation rate of 77.7% for those of the working age between 16 to 64, which is higher than the national average, indicating its skilled workforce. Moreover, the unemployment rate is significantly lower than the state average, standing at 3.5% while the city’s average household income of $119,649 is higher than both state and national averages. As a result, businesses in Buda are uniquely positioned to attract top talent and potential customers.
Low Unemployment Rate in Our Region
U.S.
Unemployment Rate
3.8%
Texas
Unemployment Rate
4.1%
Buda
Unemployment Rate
3.5%
Hays County
Unemployment Rate
3.0%
Top Industries of Employment in Buda
Education & Health Services
20.8%
Professional, Scientific
& Management Services
17.2%
Manufacturing
13.8%
Retail Trade
11.2%
Construction
9.8%
Highly Educated Residents and College Degree Rates
Educational attainment:
Buda boasts a highly educated workforce, with 45.3% of individuals aged 25 to 64 holding a bachelor’s degree or higher, which is higher than the national average of 34.3%. This means that businesses in the region have access to a pool of highly skilled and educated workers, which can help drive innovation and growth.
Bachelor’s degree or higher
45.3%
Associates Degree
15.2%
High school diploma or equivalent
44.2%
Labor force participation rate
77.7%
Clusters of highly skilled workers:
In addition, the major groups with the largest location quotients (LQs) in the region are below, indicating a strong presence of highly skilled and specialized workers in these fields:
Computer and Mathematical Occupations
LQ = 1.67
Architecture and Engineering Occupations
1.30
Management Occupations
1.15
Hays CISD Career & Technical Education:
The Hays Consolidated Independent School District is home to Buda’s public schools and prepares students for the future with its CTE program. Five areas of focus include STEM, business and industry, public service, arts and humanities, and multidisciplinary studies. Completion of this program sets students with ready-to-use skills in these areas and helps businesses in the area with a continuous flow of skilled workforce.
Wages in Buda
According to the data provided by the Bureau of Labor Statistics, Hays and Travis counties have several industries with high average wages per worker. The top three sectors with the highest average wages per worker are:
- Management of Companies and Enterprises ($164,884)
- Information ($143,225)
- Finance and Insurance ($128,094)
Management of Companies and Enterprises
$164,884
Information
$143,225
Finance and Insurance
$128,094
In addition, the region has seen job growth in several sectors over the last five years, with the Professional, Scientific, and Technical Services sector leading the way with an increase of 55,232 jobs. The Construction sector also saw an increase of 20,165 jobs, while the Administrative and Support and Waste Management and Remediation Services sector saw an increase of 17,928 jobs. These metrics indicate that Hays and Travis counties have a strong and growing economy, with several high-paying industries and diverse job opportunities.
