Housing costs in Austin?
A typical home costs
$1,471,200, which is 335.1% more expensive than the national average of
$338,100 and 394.4% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,740 per month, which is 35.9% more than the national average of
$1,280 and 6.3% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78703), Texas, a minimum annual income of
$281,880 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78703 Austin, TX is quite high. The median home value in the area is estimated to be around $420,000 and the median rent prices are significantly higher than the national average at around $1,750 a month. In addition, food costs, transportation expenses, and other miscellaneous items are all relatively expensive. However, thanks to the strong job market and large variety of cultural attractions that Austin has to offer, many people find that it is worth the price tag.