Housing costs in Austin?
A typical home costs
$1,112,700, which is 229.1% more expensive than the national average of
$338,100 and 273.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,640 per month, which is 28.1% more than the national average of
$1,280 and close to the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78731), Texas, a minimum annual income of
$213,120 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78731 Austin, TX is relatively high compared to other cities across the United States. The median home value in this zip code is around $360,000, which is much higher than the national average. Additionally, the median household income in 78731 Austin, TX is about $63,000 per year which is also significantly higher than the national average. The cost of goods and services like groceries, utilities, transportation and healthcare are all slightly higher than the national average. Despite this high cost of living, residents of 78731 Austin enjoy a great quality of life due to its booming economy and abundance of cultural activities.