Housing costs in Austin?
A typical home costs
$785,000, which is 132.2% more expensive than the national average of
$338,100 and 163.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$2,410 per month, which is 88.3% more than the national average of
$1,280 and 32.4% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78737), Texas, a minimum annual income of
$150,480 for a family, and
$82,000 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78737 Austin, TX is relatively affordable compared to other cities in the U.S. The median home cost is around $245,500, which is slightly lower than the national average. Additionally, the median household income for 78737 Austin, TX is around $49,332, and the cost of living index stands at 92.1—slightly lower than the national average of 100. Rent prices are significantly lower than many other cities—ranging from $700 per month for a one bedroom apartment to about $1,400 per month for a three bedroom unit. Utilities such as electricity and water can range from about $100-$200 a month depending on usage and provider. Overall, living in 78737 Austin, TX can be quite affordable if you take advantage of all the city has to offer.