Housing costs in Austin?
A typical home costs
$621,400, which is 83.8% more expensive than the national average of
$338,100 and 108.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,790 per month, which is 39.8% more than the national average of
$1,280 and 8.9% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78722), Texas, a minimum annual income of
$119,160 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78722 Austin, TX is quite high compared to many other parts of the country. This is due in part to the fact that Austin is home to a number of large tech companies and has become a major hub for businesses. The average rent for an apartment can range from $1,000-$2,000 per month depending on its size and location. Groceries, utilities, transportation, and health care are all more expensive than what one might typically find in other parts of Texas. However, due to the city's booming economy and job opportunities available in the area, many people have found that living here is worth the price tag.