78724 Austin, TX is a great place to call home with its cost of living being substantially lower than the national average. The rent for a two bedroom apartment averages around $1,650 while the national average is only $1,430. Additionally, grocery costs in 78724 are only 92 compared to an index of 100 in the US. This means that groceries are much more affordable compared to the nation as a whole. For those looking for employment, there are plenty of options within 78724 Austin, TX including tech giants such as Dell and IBM as well as smaller businesses such as Bumble and H-E-B Grocery Store. All in all, 78724 Austin is both an affordable and vibrant place to live.
Austin (zip 78724) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78724) 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 78724)
- The Sales Tax Rate for Austin (zip 78724) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78724) 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 78724)
- The average income of a Austin (zip 78724) resident is $26,722 a year. The US average is $37,638 a year.
- The Median household income of a Austin (zip 78724) resident is $58,631 a year. The US average is $69,021 a year.