Austin is a moderately expensive place to live, but it also has comparably high wages to offset the cost of living. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. The median home in Austin costs $347,000, which is far higher than the median in Texas ($185,000) or the U.S. overall ($238,000). Austin's considerably lower cost of living offers a nice reprieve from the sky-high costs in the Bay Area. Cost of living in Austin, Texas is cheaper than in 49% of cities in N. America (26 out of 53) Cost of living in Austin, Texas is more expensive than in 67% of cities in the World (67 out of 200) List of prices in Austin, Texas, United States. Current as of Jan 2021. West Austin is popular among families who prefer to be by the lake, and it’s a peaceful escape from the hustle and bustle of the big city. - Overall, San Jose, California is 79.8% more expensive than Austin, Texas - Median Home Cost is the biggest factor in the cost of living difference. Austin, Texas’s cost of living is 3% lower than the national average. Compare cost of living in Austin with factors like salaries, housing expenses, groceries, utilities and more. A single person estimated monthly costs are 817.45$ without rent. Cost of living index in Austin is 37.17% lower than in New York. Cost of living overview. Summary about cost of living in Austin, TX, United States: Family of four estimated monthly costs are 2,888.21$ without rent (using our estimator). Austin is one of the fastest-growing metro areas in the country. In Texas, aggregate costs for real estate, energy, wages and taxes are below most states in the country. That may be great news for the local economy, but a tough pill to swallow for people shopping for a home. Texas consistently ranks as one of the nation's most favorable business climates based on its low tax burden and competitive regulatory environment. The city boasts over 250 live music venues at festivals, parks, bars and even streets. See what you'll need to earn to keep your current standard of living … What's the cost of living in Austin, TX? For example, a cost of living index of 130 means it costs 30% more to live there as compared to the national average (130-100=30). "The central location, affordable cost of living, highly educated workforce and supportive business climate have helped make Texas an epicenter for business activity and technology growth," said CEO A. William Stein in a press release last week Austin is one of the fastest-growing metro areas in the country. The median sale price for a single-family home in Austin is well above the national median. Compare the Cost of Living in Austin, Texas against another US Cities and States. If the cost of living is 110, then it is 10% higher than average. - Median Home Cost is 171% more expensive in San Jose. For example, if the cost of living is 90, then it is 10% lower than average. The cost of living index is based on a national average of 100. Austin is a music lover’s paradise – as long as you don’t mind the possibility of renting an apartment next to aspiring rockers. Average Rent in West Austin: $2,200 Cost of Living in Austin, TX. If you perform the same calculation with a cost of index below the national average of 100, you’ll get a negative number showing how much money you’ll save. Based on its low tax burden and competitive regulatory environment energy, and. 250 live music venues at festivals, parks, bars and even streets to for. Median home cost is 171 % more expensive in San Jose considerably lower cost of living salary. 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