What Is The Cost Of Living In Austin Tx?January 31, 2023
It is better to have an idea of the cost of living in Austin Tx before directly jumping there. Austin, you may have heard of Austin because it is routinely lauded as one of the best and safest places to live in the United States.
Austin is one of the cities located in the state of Texas, United States. The city is popular because of the Live Music Capital of the World, unique attractions, and world-class museums. One of the biggest reasons why people move to Austin is the ability to find good-paying jobs. Austin is a thriving hub of tech startups and big-name tech companies, therefore, the city is popularly known as “Silicon Hills”. Let’s take a look at the cost of living in Austin Tx.
What Is The Cost Of Living In Austin Tx?
The cost of living in Austin Tx is around 129.4 as compared to the average national cost of the United States. The table below will show you the average cost of living in Austin Tx as compared to the average national cost. If the cost in Austin is more than 100, it means Austin is more expensive than the national cost of living and vice versa. While taking a glance over the table you can easily get that, the cost of housing, transportation, health, miscellaneous, median home cost, and overall is more than the national average. While the cost of groceries and utilities is less than the national average.
|Cost Of Living For||Austin Tx||USA|
|Median Home Cost||$551,200||$291,700|
Cost of home rent affects the monthly cost of living in Austin Tx, therefore, you need to put it on the top while making an expenditure. When the cost of housing is compared with the national cost of housing then it is found that the housing cost in Austin is about 12% higher than the national average. In Austin, you need $1,520 for a median 2-bedroom apartment rent and around $347,906 for a median home purchase. Below we have given Austin, Texas cost of living rent for 1 and 2-bedroom apartments in different cities in Texas.
|City||Approx 1 Bedroom Rent||Approx 2 Bedroom Rent|
|Austin Tx City||$850||$1325|
You can not deny the cost of food because food is the necessity of human beings. In Austin, the price of everyday foods such as meat, dairy, produce, eggs, etc changes according to places within the city. A bottle of milk will cost you around $1.89, a dozen eggs for $1.54 and a pound of potatoes will cost you around $3.73. If you like outings and don’t like to prepare food at home then here is the approximate cost of dinner for two in different cities in Texas.
|City||Approx Dinner Cost For 2|
|Austin Tx City||$36|
Go where you want, you can not stay without using transportation whether it may be public or your own vehicle. This expense depends upon certain factors like fuel price, traffic on roads, types of roads, etc. in Austin, a gallon of gas is priced around $2.51, while getting your tire balanced will run you about $45.82.
After the cost of travel, food, and housing, there are also some important factors that are needed while living a life. They include health care costs, internet, utility bill cost, etc. Let’s know about them.
In Austin the average fee of a doctor is $116.96, a dentist is $121.35, an optometrist is $117.19, and ibuprofen is $8.94, for a one-time visit. Health care cost also has a great contribution to the monthly cost of living in Austin, Tx.
When you see the cost of living in Austin vs Houston, you will find that Huston is much more inexpensive than Austin. But, while talking about utility costs, Austin has lower utility bills than the national average. The average electricity bill Austin apartment is around $137 per month.
The cost of the internet changes as per the operator, for example, the cost of Spectrum is $49.99 per month, and that of AT&T is around $55 per month.
If you are so health conscious and like to hire a personal trainer then you need to pay around $29 per session to him or her. Keep in mind, this is the starting cost of a personal gym trainer.
In Austin, the cost of entertainment is based on common expenses in each category. For a movie ticket, you need to pay $12.12 per month while for personal service, a haircut goes for $28.88.
In Austin, the minimum combined rate of taxes is 8.25%, combined means the total of state, county, and city sales tax rates. The city tax sales rate is currently 6.25%.
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Is Austin TX Expensive To Live?
Austin’s housing expenses are 12% higher than the national average and the utility prices are 5% lower than the national average. Transportation expenses like bus fares and gas prices are 14% lower than the national average. Austin has grocery prices that are 8% lower than the national average.
Is Austin Texas Affordable To Live?
Austin may be only slightly more affordable than the average American city in many categories, but it’s far easier to live comfortably in Austin than it is in many big coastal cities—no wonder so many Californians and New Yorkers are relocating here.
Is It Cheaper To Live In Dallas Or Austin?
Compared to other cities of its size, Dallas is relatively inexpensive, with a cost of living below the national average. On the other hand, Austin is considerably more expensive, topping the cost of living in Dallas by more than 17%. And, compared to the national average, Austin is 30% more expensive.
Is Austin A Safe City To Live In?
When moving to any big metro area, safety and comfort are a priority. Fortunately, Austin is home to plenty of safe neighborhoods with low or non-existent violent crime rates and property crimes.
What Salary Do You Need To Live In Austin?
The U.S. Census Bureau reports that the average salary for Austin residents is $78,96. However, to stick to the rule of spending only 30% on your monthly income on rent, you will need an income of $59,320 to live comfortably in a one bedroom apartment, which currently costs $1,483.
You are here, it means you have read this article till the end. Above, we have given you the cost of health care, transportation, housing, utilities, entertainment, fitness, internet, etc. After going through all these costs, you can easily make your expenditure according to them. Austin is one of the most expensive cities to live therefore, it comes at 8th position in the United States. SO, this was all about the cost of living in Austin Tx.