Exploring the Impact of Georgetown’s Growth

Posted on 12/4/2023 by Steven Crocker

Georgetown, Texas, has earned its reputation as the fastest-growing city in the U.S. for two consecutive years, and the reasons behind its rapid ascent are evident. With a growth rate of 14.4% from July 2021 to July 2022, Georgetown's population and key industries have benefited from continuous job growth in Georgetown and the broader Austin metro area, drawing individuals seeking not just employment but also the exceptional quality of life the city provides.

Employer and employee shaking hands after a job interview

Job Opportunities and Economic Growth

Georgetown's economic success is tightly intertwined with the booming local job market, and when factoring in data over the past decade, the Austin metro area ranks #1 in the nation for metropolitan area employment growth. With it’s strategic location on the north side of the metro area along I-35, Georgetown is uniquely situated to benefit from that growth, offering residents an easy commute into the city for work without the hassle of big city housing prices and endless traffic.

Georgetown’s own job market is also quite robust – the city has seen significant growth across virtually every occupational cluster in the past 5 years, and top employers in fields like healthcare, tech, electronics, construction, and entertainment continue to see the benefit of a population that trends younger and more highly educated than both the state and national average.

Manufacturing workers in hardhats discussing a piece of machinery equipment.

Infrastructure and Development

Georgetown is not just keeping pace with its growth - it's actively planning, investing, and building for the future. The local government has received praise for its comprehensive infrastructure enhancements, a key component in the city's ongoing growth.

The construction of new roads and proposals for future mobility plans, maintenance projects, and pedestrian traffic improvements showcase the city's dedication to efficient transportation for all its residents.

Meanwhile, the expansion and installation of advanced water and sewer systems are contributing to the city's ability to accommodate its increasing population while preserving its unique charm and character.

Diverse Opportunities for Businesses

Georgetown's economic landscape is diverse, with a strong emphasis on advanced manufacturing, growing life sciences, and healthcare sectors. National developers are taking notice, with plans for office, retail, and flex space projects underway – most recently, ZT Systems, a global leader in cloud computing and AI technology, has announced its new manufacturing facility in Georgetown, which is slated to bring over 1,500 new jobs to the city, while circuit manufacturer CelLink also announced a $130 million manufacturing factory in Georgetown that will bring in as many as 2,000 new jobs over the next several years - and that's to say nothing of nearby opportunities, such as Samsung's $17 billion chip factory in Taylor, TX or the Tesla Giga Factory in East Austin! 

With its business-friendly environment and young, educated labor pool, Georgetown is becoming increasingly well-known as a destination for both established enterprises and budding entrepreneurs.

Street view of downtown Georgetown TX with restored Victorian area architecture.

Culture and Quality of Life

Beyond the economic projections, Georgetown has managed to accommodate its recent growth without sacrificing what makes it such a unique place to live and work. Its historic downtown area, with stunningly restored Victorian architecture and an endless variety of locally owned shops and restaurants, serves as a hub of community engagement. Vibrant community events, such as theater productions, Christmas strolls, and the annual Red Poppy Festival, create a sense of togetherness among residents and visitors alike.

Safety and Affordability

According to the most recent statistics, Georgetown is the third-safest city in Texas, and one of only four Texas cities to rank in the top 100 safest cities in the entire country. But Georgetown's neighborhoods aren’t just safe; they’re also welcoming and family-friendly. With low crime rates and a focus on community engagement, residents find comfort in their surroundings – and for residents of Wolf Ranch, that also includes a nationally recognized lifestyle program with something to offer for everyone in the family.

The city's affordability, with housing prices and general cost of living expenses lower than the national average, also makes it an attractive option for those seeking a high quality of life without breaking the bank.

Support of the Local Government

Georgetown's local government is committed to making the city even more appealing through strategic infrastructure improvements, economic development initiatives, and investments in key sectors. The recently adopted budget reflects the city's dedication to maintaining service levels amidst rapid growth and responding to economic challenges, and according to Georgetown’s official State of the City report for 2023, there is a proactive focus on ensuring that the city is building and planning for future growth in a way that doesn’t compromise Georgetown’s charm and unique character.

View of Wolf Ranch amenity center pool and outdoor lounge area at sunset

Georgetown, Texas, is more than just a great city to call home - it's a testament to forward-thinking growth, opportunity, and a high quality of life, and Wolf Ranch invites you to be a part of its success story. If you’re ready to learn more about what it’s like to live in one of Georgetown’s premiere neighborhoods or schedule a tour to see it for yourself, reach out to the Wolf Ranch team today!