Housing costs in Austin?
A typical home costs
$523,900, which is 55.0% more expensive than the national average of
$338,100 and 76.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,510 per month, which is 18.0% more than the national average of
$1,280 and 7.9% cheaper than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78723), Texas, a minimum annual income of
$100,440 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78723 Austin, TX is quite reasonable. According to BestPlaces, the cost of living index for 78723 is 96.9, which is 3.1% lower than the US average. Housing prices are significantly lower than other cities in Texas, and are very affordable. Additionally, groceries and utilities are inexpensive compared to other places in the state and country. The overall cost of living in this area is very favorable for those looking to relocate or visit Austin on a tight budget.