Austin Freelancers Boost Local Economy with Nearly $4 Billion in 2023
Austin, Texas, known as “Silicon Hills” for its thriving tech industry, has a hidden gem contributing significantly to its economic growth. According to the latest Freelance Economic Impact Report by Fiverr, independent professionals in Austin brought in nearly $4 billion to the city’s economy in 2023. This report sheds light on the impact of freelance workers across the top 30 metropolitan cities in the U.S., highlighting the crucial role they play in various industries.
The report reveals that Austin had over 18,000 creative services freelancers, generating more than $535.54 million in revenue last year. Additionally, freelance workers in technical service roles, such as data processing and IT, brought in a staggering $1.56 billion. In the skilled professional services sector, which includes legal and marketing services, freelancers contributed over $1.87 billion to Austin’s economy in 2023.
Austin’s success as a rising tech hub is evident in the report, which categorizes the city among seven “Rising Tech Hubs” nationwide. With a growing number of freelancers and revenue, Austin is positioned as a promising destination for independent professionals in the tech industry.
The report also highlights the success of freelancers in other Texas cities, including Dallas, Houston, and San Antonio. Dallas boasts the fifth-largest freelance workforce in the U.S., bringing in $9.05 billion in revenue in 2023. Houston follows closely behind with over $8.46 billion in freelance earnings. San Antonio, although lower on the list, still saw impressive revenue from its freelance workforce.
Overall, the top 10 U.S. cities with the highest projected revenue from freelancers in 2023 include New York, Los Angeles, Miami, and Washington, D.C. The full report, including its methodology, is available on Fiverr’s website, providing valuable insights into the economic impact of freelance workers across the country.