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Columbus Continues to Surge in Growth

Posted by Gabrielle Bodo on Sep 2, 2019 9:00:00 AM

In ICS insights, IT, Candidate

Columbus, Ohio is currently home to two million people. And since 2000, the city's population has grown by 400,000, therefore gaining its status as one of the fastest-growing cities in the United States to date. At this rate, some demographers predict that its population will reach three million by 2050.

Over the past 10 years, Columbus has overcome various obstacles to achieve exceptional demographic, economic, and cultural growth. For example, despite losing jobs in the 2000s like many other American cities, Columbus was able to bounce back and add nearly 164,000 new jobs from 2010 to 2017. During that period, the city's 17.8% growth rate has surpassed the national rate of 12.5%.

Not only did Columbus grow in employment opportunities, but it also experienced an apartment building boom due to its large population of educated young adults—43.1% of them ages 25-34 possess a college degree. And in this city's overall population, 36% of adults have a college degree, ranking Columbus above more than half of major U.S. metropolitan areas in terms of education.

How did Columbus grow so quick, so fast?

You may find yourself wondering, "How exactly did Columbus experience so much growth in so little time?" In 2010, 65 Central Ohio Chief Executive Officers launched the Columbus 2020 initiative in which they aimed to add 150,000 new jobs in a span of 10 years. Over the years, they have increased efforts to revamp the city's approach to its economic development, focusing on revitalizing the downtown area. Thus far, Columbus has already reached its 2020 goal a year early! In fact, the city is above target and has now generated nearly 164,000 jobs to the market.

As a result of its continued growth and success, new residents from nearby struggling regions began migrating to Columbus. Attracting newcomers from outside the region is something that only the Midwestern city of Chicago has found success in.

Startup Boom in Columbus

In addition to its demographic, economic, and cultural growth, Columbus has also seen significant growth in an additional area: startups. In 2018, three Columbus startups raised the largest venture capital funds of any Ohio startup, excluding the ones from the healthcare industry. Each of these startups has between 100 to 250 employees.

Home to Ohio State University, several retail headquarters, and five Fortune 500 companies, Columbus has many advantages for startups to take advantage of when it comes to achieving growth. Root Insurance, one of the city's successful startups, is now valued at over $1 billion. Suffice to say that Columbus is a city full of opportunities, especially when compared to other Midwestern cities. 

Tech Jobs in Columbus

There are many advantages and benefits that Columbus is known for, especially related to its tremendous growth over the past few years. Adding to its growing list of accolades, Columbus recently ranked 26th out of 100 metropolitan areas for the highest tech salaries in the U.S. In 2018, the average tech worker in Columbus took home a salary of $86,085, which is 73% higher than the average salary of all other occupations in the region.

With the potential for a higher salary, here are a few popular tech jobs in Columbus that may be worth looking into:

  • Software Developer
  • Actuary
  • Statistician
  • Database Administrator
  • Computer Systems Analystmeet 

Excited to have your next tech job in a fast-growing city? Let ICS guide you! We're committed to helping you find the right employers and opportunities in your field. Click below to begin your search.New call-to-action