Housing costs in Austin?
A typical home costs
$644,300, which is 90.6% more expensive than the national average of
$338,100 and 116.5% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,570 per month, which is 22.7% more than the national average of
$1,280 and 3.8% cheaper than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78702), Texas, a minimum annual income of
$123,480 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in Austin's 78702 zip code is fairly high due to the city's overall high cost of living. Rent prices for a one-bedroom apartment in this area start around $1,500 per month, with two-bedroom apartments costing closer to $2,000. Groceries and other basic goods can be quite expensive compared to other parts of Texas. In addition, many restaurants and entertainment venues are located here, so dining out and enjoying the nightlife can also be costly. However, there are plenty of budget-friendly options available if you know where to look.