Housing costs in Austin?
A typical home costs
$487,800, which is 44.3% more expensive than the national average of
$338,100 and 63.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,750 per month, which is 36.7% more than the national average of
$1,280 and 6.9% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78745), Texas, a minimum annual income of
$93,600 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Austin?
Austin, TX is a great city to live in for those looking for a balance between affordability and urban amenities. The cost of living in Austin is slightly higher than the national average but still remains manageable. According to Sperling’s Best Places, the cost of living index in 78745 Austin is 111.8, which is 11.8% higher than the U.S. average of 100. Housing prices are particularly high in this area with median home prices around $350,000 compared to the national median of around $200,000. Groceries, transportation, utilities and health care are all above the national average as well making day-to-day expenses slightly more expensive than other parts of the country.