"Austin ranks as the world's number one Tech City. IBM, Dell, and AMD all have a long-established presence here, and today low taxes, favourable real estate costs and a strong entrepreneurial culture mean the Texan capital maintains a thriving and innovative start-up scene, with access to some of the world's top talent."

City population: 932,000

City GDP per capita: $62,376

Established tech firm office rent per week per sq ft: $54

Prime residential rent per week: $1,002

Cost of a Flat White: $3.50

Startups per 1,000 people: 2.7

Average commute by employees working in key tech districts: 16 minutes

Cost of a single journey on local transport: $1.75

Annual passengers across the city's airports: 11.9 million

Read the full article by World Economic Forum.