78705 is an area located in Austin, TX. It is known for its vibrant culture, burgeoning tech sector, and numerous amenities. The rent for the average two bedroom apartment in this area is $1,970 which is significantly higher than US average rent of $1,430. In terms of grocery cost index, 78705 Texas stands at 94 compared to the US average of 100. This means that groceries are slightly cheaper in this location than the national average.
There are many local companies available in 78705 Austin such as Dell Technologies, Home Away, Indeed and Silicon labs. All these organizations have established their headquarters nearby and attract talented professionals from all over the country. The cost of living in this region can be determined by comparing rental rates with other cities nationally. Although the rental rates may be a bit more expensive compared to other areas; however the options available makes it worth considering when thinking about where to live.
Austin (zip 78705) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78705) 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 78705)
- The Sales Tax Rate for Austin (zip 78705) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78705) 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 78705)
- The average income of a Austin (zip 78705) resident is $16,790 a year. The US average is $37,638 a year.
- The Median household income of a Austin (zip 78705) resident is $23,750 a year. The US average is $69,021 a year.