Zip 78717 (Austin, TX) Economy


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78717 Austin, TX is a vibrant city located in the heart of Texas that offers plenty of great opportunities and amenities for its residents. With an average two bedroom rent price of $1,780, 78717 Austin, TX is slightly more costly than the average two bedroom rent in the US which is $1,430. Furthermore, the Grocery Cost Index in 78717 Austin, TX is 97 compared to 100 in the US.
Residents of 78717 Austin have access to plenty of local companies that cater to their needs such as Whole Foods for grocery shopping, Home Depot for home improvement needs and Dell for technology products. The city also has a plethora of wonderful amenities ranging from parks like Zilker Metropolitan Park and Enchanted Rock State Natural Area to cultural attractions like Lady Bird Lake Trail and Umlauf Sculpture Garden & Museum. All these factors make 78717 Austin an attractive place to live and work.

Austin (zip 78717) has an unemployment rate of 5.1%. The US average is 6.0%.

Austin (zip 78717) 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 78717)
- The Sales Tax Rate for Austin (zip 78717) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78717) 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 78717)
- The average income of a Austin (zip 78717) resident is $40,670 a year. The US average is $28,555 a year.
- The Median household income of a Austin (zip 78717) resident is $120,027 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAustin, TexasUnited States
  5.16
  -3.3%-6.2%
  47.0%33.5%
  8.3%6.2%
  0.0%4.6%
  $53,120$37,638
  $120,027$69,021
  $139,828$85,028
  Population by Occupation
  0.1%1.2%
  0.4%0.5%
  4.1%6.8%
  12.6%10.0%
  2.7%2.5%
  8.5%11.0%
  1.1%4.8%
  0.4%0.8%
  3.5%1.9%
  6.5%4.7%
  2.8%1.9%
  22.8%7.6%
  0.3%0.1%
  2.7%4.2%
  6.7%9.3%
  11.3%14.0%
  3.1%2.1%
  3.9%7.0%
  3.3%4.8%
  3.4%4.7%
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