Located in Austin, Texas, 78703 is known for its vibrant culture, food scene, and entertainment. The average 2 bedroom rent in this area is $1,740 which is significantly higher than the US average of $1,430. Grocery costs in this area are also slightly higher with a grocery cost index of 105 versus the US average of 100. This area is home to many different companies such as IBM, Samsung Austin Semiconductor, Dell Technologies, Oracle Corporation and more. It's also home to a variety of locally owned businesses such as the Arboretum Farmers Market, Texas Farmers Market at Mueller and The Picnik. Additionally there are many restaurants in this area including Uchi Austin and Roaring Fork that offer delicious cuisine from around the world.
Austin (zip 78703) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78703) has seen the job market increase by 3.5% 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 78703)
- The Sales Tax Rate for Austin (zip 78703) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78703) 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 78703)
- The average income of a Austin (zip 78703) resident is $70,259 a year. The US average is $28,555 a year.
- The Median household income of a Austin (zip 78703) resident is $125,448 a year. The US average is $69,021 a year.