In short time a lumber mill had been built along with four hundred homes. There were schools, churches, hotels, stores and, of course, the required number of saloons and pleasure houses. Many of the structures were of adobe and brick, which minimized the damage from fires.
The Nevada Central Railroad was built in 1880 and aided in mining developments and enhanced Austin's position as a commercial center. When silver production dropped, the area switched to uranium; later, Austin became the center of the turquoise mining industry.
Austin today is the center of a vast cattle and sheep ranching area and offers some of the finest fishing and deer hunting in the west. Austin's population has diminished and many of the old buildings have been removed, but the "spirit" of Austin is much the same today as it was in the 1860s. The Town currently has a population of approximately 340.
Tourism/recreation, ranching and mining are important economic activity in the Austin area. As one of the early mining towns, Austin it is comparatively unspoiled and is an excellent example of things as they were.