For Austin, live music is built into the DNA and history of the town, as the self-proclaimed tagline "Live Music Capitol of the World" is used as a selling point to attract tourists and new residents. From the "Austin City Limits" show on PBS to the massive influx of people from around the world that come to SXSW every year, live music is an inherent part of the city.
A 2012 study measured Austin’s creative sector as having an economic impact of $4.35 billion for the city, and in 2014, SXSW alone was responsible for bringing in $315 million to the city. Despite that, the recent census noted that for musicians in the city, "over 20% of them live below the Federal poverty line and another 30% hover just above it."
This fact likely is true for other cities, and points to the disparity between how a city like Austin represents itself to the world and profits from the reputation of the musicians and clubs that call the city home. Yet the city is clearly not interested in insuring a sustainable outlet for those same musicians to make a living—a move that may in fact drive these musicians, clubs and festivals elsewhere.