Austin, Texas is a great place to live and work. The 2 bedroom rental cost in Austin (78731) is $1,640 compared to the US average of $1,430. Grocery costs are slightly higher in Austin with an index of 103 compared to 100 across the US.
Austin is home to many large companies including Dell Technologies, Whole Foods Market, and Samsung Electronics America. In addition, it’s also known as the “Live Music Capital of the World” for its numerous live music venues and events such as South by Southwest (SXSW), Austin City Limits (ACL) Music Festival, Fun Fun Fun Fest (FFF), and Pecan Street Festival. Other popular events include Eeyore’s Birthday Party and Zilker Park Kite Festival. With so much entertainment and economic opportunities available in Austin (78731), it’s no wonder why people choose to make this city their home.
Austin (zip 78731) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78731) 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 78731)
- The Sales Tax Rate for Austin (zip 78731) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78731) 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 78731)
- The average income of a Austin (zip 78731) resident is $57,570 a year. The US average is $28,555 a year.
- The Median household income of a Austin (zip 78731) resident is $92,641 a year. The US average is $69,021 a year.