Housing costs in Austin?
A typical home costs
$449,400, which is 32.9% more expensive than the national average of
$338,100 and 51.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,970 per month, which is 53.9% more than the national average of
$1,280 and 17.3% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78705), Texas, a minimum annual income of
$86,040 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78705 Austin, TX is fairly high compared to other areas of the state. The average rental price for a one-bedroom apartment is around $1,400 per month, and the median home value is estimated at around $450,000. Groceries and other household items are generally more expensive than in smaller towns or rural areas but still remain reasonably priced. Transportation costs also tend to be on the higher side due to the fact that much of the area relies heavily on car travel. However, Austin does have an extensive public transportation system with buses and shuttles connecting most major parts of the city. Although living in 78705 Austin may be pricey, it offers plenty of cultural amenities and entertainment options for residents to enjoy.