Housing costs in Austin?
A typical home costs
$580,200, which is 71.6% more expensive than the national average of
$338,100 and 95.0% 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 78712), Texas, a minimum annual income of
$111,240 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78712 Austin, TX is relatively high compared to other cities and states. According to BestPlaces's Cost of Living Index, the index for Austin is 79, which is 20% higher than the United States average. Housing costs are particularly expensive, with rental prices ranging from $1,200 for a one-bedroom apartment to upwards of $2,500 for a three-bedroom apartment. Other living expenses such as food and entertainment can also be costly. However, due to its vibrant lifestyle and many attractions, many people choose to live in Austin despite the high cost of living.