Austin, TX is a city well known for its diverse population and culture. The 2 Bedroom Rent in 78742 Austin, TX is $1,390 which is significantly lower than the US average of $1,430. Grocery Cost Index in Austin is 89 versus 100 in the US. In this region there are a number of local companies that contribute to the economy such as Dell Technologies Corporation, Apple Inc., IBM Corporation, and Oracle Corporation. These companies have provided economic stability and prosperity to the city of Austin as well as employment opportunities for the citizens of 78742 Austin, TX. Additionally, these companies have contributed to the development of public infrastructure through investments in technology and research.
Austin (zip 78742) has an unemployment rate of 5.1%. The US average is 6.0%.
Austin (zip 78742) 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 78742)
- The Sales Tax Rate for Austin (zip 78742) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 78742) 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 78742)
- The average income of a Austin (zip 78742) resident is $20,867 a year. The US average is $28,555 a year.
- The Median household income of a Austin (zip 78742) resident is $63,750 a year. The US average is $69,021 a year.