Housing costs in Austin?
A typical home costs
$419,300, which is 24.0% more expensive than the national average of
$338,100 and 40.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,580 per month, which is 23.4% more than the national average of
$1,280 and 3.2% cheaper than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78754), Texas, a minimum annual income of
$80,280 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78754 Austin, TX is quite reasonable. The median home price here is $391,000, which is lower than the national average of $429,000. Renters can find a two-bedroom apartment for as little as $1,200 per month. Groceries and basic necessities like transportation are also affordable. The city offers excellent public transit options like subway and bus lines, as well as bike-sharing services and ride-hailing apps for easy access to get around town. Sales tax rate in Austin is 8.25%, which is slightly higher than some other cities in Texas but still within range of the national average. Furthermore, utility costs are generally low due to the pleasant climate year-round. All these make 78754 Austin a great place to live with an affordable cost of living.