78701 Austin, TX is a bustling city located in the heart of the state. With a population of over 2 million people, there’s no shortage of activities to enjoy, from outdoor events to museums and more. The average two-bedroom apartment rent in 78701 is $2,480 per month – significantly higher than the nation’s average of $1,430 per month for two-bedrooms. Furthermore, the Grocery Cost Index in 78701 is 98 versus 100 in the US. Notable companies in the area include Dell Technologies, IBM, Apple Inc., and National Instruments Corporation. These companies offer competitive wages and benefits packages to their employees while also contributing to the economic development of 78701 Austin and its surrounding areas.
Austin (zip 78701) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78701) has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 47.0%, which is higher than the US average of 33.5%.
Tax Rates for Austin (zip 78701)
- The Sales Tax Rate for Austin (zip 78701) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78701) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Austin (zip 78701)
- The average income of a Austin (zip 78701) resident is $126,049 a year. The US average is $37,638 a year.
- The Median household income of a Austin (zip 78701) resident is $136,486 a year. The US average is $69,021 a year.