![]() NAHB estimates that 46.9% of homes sold in Austin are affordable to households earning Austin's median family income, while the national affordability rate is 56.9%. Their first quarter 2022 estimate for Austin is $449,000 and the national estimate is $365,000. Everything in hk are expensive, be prepared to living very minimally if u earn below 30,000/ month as a single person. The National Association of Home Builders, which also produces median home price estimates, has a narrower difference between Austin and the nation. For a 310sq feet, 3x to 4x year old apartment in Jordan, (close to TST), I paid 12888-14500 for 3 years For a 430 sq feet 40 year old apartment, rental was 16000-18,000, depends on condition. ![]() The National Association of Realtors reports that the median home price in Austin was $488,600 in 2021 while the national median was $353,400. Cost of Living Index for Major Metropolitan Area Cities Rank Filter. Texas features no personal or corporate income tax, and overall the state has one of the lowest state and local tax burdens in the nation, ranking 30th among the 50 states in taxes paid per capita and ranking 36th in taxes paid per $1,000 of personal income.Ĭompared to other major business centers, Austin is well known for offering affordable living. In Texas, aggregate costs for real estate, energy, wages and taxes are below most states in the country. Texas consistently ranks as one of the nation's most favorable business climates based on its low tax burden and competitive regulatory environment. Workers' compensation & unemployment insuranceĬolleges & universities in the Austin areaĪdditional major universities within 200 miles of Austin
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