78701 ZIP Neighborhood
Key Highlights and Living Insights
Nestled in the heart of Austin, Texas, the 78701 ZIP code encompasses a dynamic neighborhood that beautifully blends urban living with cultural vibrancy. Known for its Congress Ave District and Downtown areas, this ZIP code is a hub of activity, featuring a mix of residential spaces, businesses, and iconic landmarks. Offering a slightly higher than average percentage of vacancies, it provides ample opportunities for new residents and investors alike.
78701 stands out as one of the best ZIP codes to live in Texas, boasting impressive rankings across various categories. Families find the area's public schools notable, making it a desirable location for raising children. Additionally, the rich historical and cultural landscape, coupled with numerous modern amenities, attracts a diverse population.
The combination of central location, access to top-tier public schools, and thriving urban areas makes 78701 a compelling choice for both families and professionals. Highlighted by the distinctive features of Southeast Austin's post offices and bordering counties, this ZIP code effectively captures the essence of Austin, balancing growth with a sense of community.
More about ZIP 78701
Geographic Characteristics
The 78701 zip code in Austin, TX, is defined by its central location and detailed land and water distribution. The coordinates for this area facilitate easy orientation and understanding of its geographic nuances.
Location Description
The 78701 zip code is located at latitude 30.27 and longitude -97.74. It sits centrally within Travis County and encompasses key neighborhoods such as Congress Ave District and the Downtown area.
Proximity to major roads and landmarks makes this neighborhood a focal point in Austin. The area is known for its vibrant community and cultural significance, showcasing a blend of residential and commercial properties.
Land and Water Area
The land area of 78701 covers approximately 1 square mile. This compact region is densely developed, with a mix of modern residential buildings and commercial establishments built primarily in the 2000s.
Despite its urban setting, the area includes portions of the Colorado River, providing scenic waterfront spaces and recreational opportunities. The interplay of land and water shapes the unique landscape of this Austin neighborhood.
Demographic Profile
The 78701 ZIP Code neighborhood of Austin, TX, offers a detailed snapshot of its population, highlighting its numerical aspects, age distribution, and ethnic diversity.
Population Overview
The total population in the 78701 ZIP Code is approximately 10,659 residents. Census data from 2022 indicates an area of 1.5 square miles, leading to a high population density of about 7,067 people per square mile. For context, the number of civilian employees aged 16 and older is 7,318.
As of July 2023, some reports suggest a total population nearing 14,986. This variability in numbers may be due to reporting periods and data collection methods. Nonetheless, this bustling urban area exhibits characteristics of a dense, thriving community.
Age Distribution
Residents of the 78701 ZIP Code vary significantly in age, with the community featuring diverse age brackets. The median age has not been specifically noted in the provided data, but the area showcases a blend of young professionals and older adults.
About 60% of individuals earn $65k or more per year, indicating a relatively affluent working-age population. This could imply a strong presence of mid-career professionals. The rest of the population earns between $35k and $64k, covering a variety of age groups and working statuses, from young adults to those nearing retirement.
Ethnic Composition
The ethnic makeup of ZIP Code 78701 is composed of various racial and ethnic groups, adding to the neighborhood's rich diversity. The majority of the population identifies as White.
Other significant racial groups include Hispanic, Black or African American, Asian, American Indian, and those identifying with Two or More Races. Detailed percentages were not provided, but such diversity is typical of urban areas, reflecting multiple cultural influences.
Gender-based earnings also highlight a clear disparity. The data reveals that women earn about 72.80% of men’s earnings in this ZIP Code, indicating ongoing gender wage gaps, a crucial social consideration in understanding the neighborhood's economic and social dynamics.
Economic Overview
The 78701 ZIP neighborhood in Austin, Texas, boasts a strong economic profile with high median earnings, a robust employment sector, and relatively high housing costs, reflecting its urban setting.
Income Statistics
The median earnings for residents in the 78701 ZIP code stand at approximately $97,769 annually. Breaking it down further, the average income for a resident in this area is around $92,411 per year. Notably, there is a gender disparity in earnings, with women earning roughly 72.8% of what men earn. The region's income levels are considerably higher than the national average, highlighting its affluence.
Employment Data
The total population of civilian employees aged 16 or older in the 78701 area numbers approximately 7,318. This workforce participates in a variety of sectors, contributing to the economic vitality of Austin. The employment rate remains robust, supported by the various industries that thrive in the city's center. With a favorable tax environment and a 0.0% income tax rate, the neighborhood attracts a skilled and highly paid workforce.
Housing and Living Costs
Housing costs in the 78701 ZIP neighborhood reflect its desirable urban location. Residents encounter higher living costs compared to many other regions. The area features diverse housing options, from modern apartments in the 2nd Street District to more historic dwellings in the Arts District. Although the cost of living may be elevated, the vibrant community and proximity to amenities and workplaces justify the expense for many residents.
Education and Schools
The 78701 ZIP neighborhood in Texas offers a robust educational landscape with various options for academic attainment and a variety of local school institutions that serve the community.
Educational Attainment
Residents of the 78701 ZIP neighborhood generally have high levels of educational attainment. A significant portion of the adult population holds a bachelor's degree or higher. This is reflective of the area's emphasis on post-secondary education.
Many individuals have completed professional or master's degrees, contributing to a highly educated community. Additionally, a substantial number of residents have attended some college or earned an associate's degree.
The commitment to education is evident in the high school graduation rates, indicating that most residents have at least a high school diploma. These factors collectively emphasize the area's dedication to academic success and lifelong learning.
Local School Institutions
The 78701 ZIP neighborhood is served by an array of public and private schools. Public schools in this area receive positive rankings and reviews, as seen in sources such as Niche. They are noted for strong test scores, comprehensive curricula, and supportive learning environments.
Several private schools also operate within this ZIP code, offering alternative educational models and specialized programs. These institutions often provide smaller class sizes and tailored academic experiences.
The Texas Education Agency provides detailed information on district boundaries and school data, helping parents make informed choices about their children's education. By utilizing resources like GreatSchools, families can explore the best educational opportunities available in the 78701 ZIP neighborhood.
Household and Family Dynamics
The 78701 zip code in Austin, Texas, presents unique household and family dynamics that reflect its urban characteristics and diverse population. This section explores both the composition of households and the structure of families, providing a detailed picture of life in this vibrant area.
Household Composition
The 78701 zip code comprises various types of households. Single-person households form a significant part of this area, with an average household size of just 1.55 people. There are about 1,502 family households here.
In terms of income, the median household income stands at $136,486. This relatively high median suggests a generally affluent community. These dynamics indicate a mix of professional singles and smaller families who prefer the proximity to urban amenities.
Tables reflecting household income ranges and household sizes can help pinpoint the economic makeup more precisely. Here's a quick snapshot:
Income Range Percentage $35,000 - $64,000 14% $65,000+ 60%
Household Type Average Size Single-Person Households 1.55 Family Households 2.1
Family Structures
Family structures in the 78701 area are diverse but smaller on average. The general family size averages at 2.1 people per family, indicating either smaller nuclear families or couples without children.
In total, there are approximately 1,617 families living in this zip code. The observation of smaller family sizes coupled with professional incomes implies that families here may prioritize careers and urban living.
Single-parent households are present but less common, reflecting the general affluence and professional orientation of the area's residents.
The marital status also varies, yet most households either comprise singles or married couples without large families, reinforcing the urban-oriented lifestyle prevalent in the 78701 neighborhood.
Business and Economy
The 78701 zip code in Austin, TX, showcases a dynamic business environment and a robust economic classification, making it an essential area for entrepreneurs and professionals.
Local Business Environment
The 78701 neighborhood is a thriving hub for businesses. It features a diverse range of enterprises, from tech startups to established corporations.
The area is known for its vibrant 2nd Street District and bustling 6th Street, which attract both local and out-of-state businesses. Income from businesses is notably high, with reports of profit/loss averaging $69,653. This indicates a strong potential for profitability and growth.
Moreover, its central location provides easy access to different parts of Austin, further enhancing its appeal to business owners.
Economic Classification
Residents of the 78701 zip code enjoy a high average income compared to national figures. The average income per resident is $92,411, significantly above the US average of $28,555.
Economic diversity is evident, with a significant proportion of the population earning upwards of $65,000 annually. The median earnings for civilian employees stand at $97,769, highlighting the area's lucrative employment opportunities. Women earn approximately 72.80% of men’s earnings, indicating a gender earnings gap that may need addressing.
The absence of a state income tax in Texas also positively impacts the cost of living and overall economic conditions for residents.
Cultural and Social Attributes
The 78701 neighborhood boasts a rich tapestry of cultural diversity and a vibrant social environment. Its demographics reflect varied ethnic backgrounds, creating a dynamic and inclusive community.
Diversity and Ethnicity
78701 is a culturally diverse area. A significant portion of the population identifies with multiple ethnicities. The neighborhood includes people from Caucasian, Hispanic, African American, Native American, and Asian backgrounds.**
Notably, the Native group encompasses both Native American and Alaskan Native residents. Diversity is further reflected in the wide range of languages spoken and cultural traditions practiced within the community. This multicultural presence enriches the neighborhood, fostering a unique blend of customs, beliefs, and social practices.
Social Environment
The social environment in 78701 is vibrant and welcoming. Residents engage in various community activities that promote social cohesion and interaction. Public spaces like parks, community centers, and local festivals play key roles in bringing people together.
The area is known for its numerous social events, which cater to all age groups. The presence of diverse cultural practices means that the community benefits from a rich array of social traditions, celebrations, and communal gatherings. The social fabric is strengthened by active neighborhood associations and community interest groups, which play a pivotal role in community planning and development.
Overall, 78701 offers a socially rich and inclusive environment, making it a unique and desirable place to live.
