Zip 78719 (Austin, TX) Economy


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Austin, Texas is a bustling city with an estimated population of 964,254. With its vibrant downtown area and ample opportunities for entertainment, it's no wonder many choose to call this place home. The average 2 bedroom rent in Austin (78719) is $1,320 which is slightly lower than the US average of $1,430. The grocery cost index in Austin (78719) is 91 compared to 100 in the US. This makes living in Austin an affordable option for many looking for housing and other amenities.
Austin has numerous local companies that offer many services to residents and visitors alike. For example, HEB Grocery Company offers locally sourced produce as well as convenient delivery options within the city limits. Other companies such as Whole Foods Market provide organic produce and high-quality products at competitive prices. Additionally, Texas Central Railway allows commuters to travel quickly between Houston and Dallas while shopping local businesses along its route. With so much to offer, it’s no surprise why so many are choosing Austin as their home.

Austin (zip 78719) has an unemployment rate of 5.1%. The US average is 6.0%.

Austin (zip 78719) 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 78719)
- The Sales Tax Rate for Austin (zip 78719) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78719) 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 78719)
- The average income of a Austin (zip 78719) resident is $16,961 a year. The US average is $28,555 a year.
- The Median household income of a Austin (zip 78719) resident is $49,671 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%
  $24,570$37,638
  $49,671$69,021
  $55,750$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  12.1%6.8%
  5.4%10.0%
  3.3%2.5%
  17.5%11.0%
  12.1%4.8%
  2.0%0.8%
  2.0%1.9%
  5.4%4.7%
  0.9%1.9%
  1.4%7.6%
  0.0%0.1%
  7.3%4.2%
  2.6%9.3%
  3.4%14.0%
  2.8%2.1%
  3.3%7.0%
  12.5%4.8%
  5.4%4.7%
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