Housing costs in Austin?
A typical home costs
$669,500, which is 98.0% more expensive than the national average of
$338,100 and 125.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,790 per month, which is 39.8% more than the national average of
$1,280 and 8.9% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78750), Texas, a minimum annual income of
$128,160 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78750 Austin, TX is higher than the national average, but still reasonably affordable. According to BestPlaces's Cost of Living Index, the average monthly expenses for an individual living in Austin are estimated at around $1,711. This includes rent, utilities, groceries, and transportation. The housing market in Austin is growing rapidly which can drive up rental costs in some areas. The median home value is currently estimated to be around $326,000. However, overall Austin remains a relatively affordable city to live in when compared to other large cities across the United States.