“It’s really an ideal combination of factors behind the tech boom,” notes Marcus Hiles, CEO of Western Rim Properties, describing Austin’s popularity. “Texas, of course, is a very business friendly state with zero personal income and corporate taxes. Besides economic incentives, Austin is also renowned for its culture and art, relaxed healthy lifestyle and great weather. Additionally, the University of Texas at Austin brings in many talented young people from all over the world who make the city their home.” These factors in addition to a low cost of living, make Austin simply much more affordable than other tech hot spots such as Silicon Valley and New York.

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