Austin has the 11th largest population in the United States. The population grew by 14.8% from 2010 to 2015, which was faster than the national average. Unemployment in the Austin area is 2%, which is lower than the national average, and is getting better. Austin has the 32nd largest local economy in the US, and a high cost of living. The average pay for jobs in Austin is below average at $49,560, and the median cost of a home in Austin is $227,800, which is above the national average. 46% of workers in Austin hold a bachelors degree or higher (above average), and 87% of workers have a high school degree (above average). Driving to work is especially common in Austin. 73% of Austin workers drive to work alone, 3% take public transit, 10% carpool, and 12% walk. People in Austin spend an average of 23 minutes commuting to work, which is shorter than the national average of 26 minutes.