Housing costs in Austin?
A typical home costs
$931,700, which is 175.6% more expensive than the national average of
$338,100 and 213.1% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Austin costs
$1,890 per month, which is 47.7% more than the national average of
$1,280 and 13.8% more than the state average of
$1,630.
Can I afford Austin?
To live comfortably in Austin (zip 78704), Texas, a minimum annual income of
$178,560 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Austin?
The cost of living in 78704 Austin, TX is generally quite high, especially when compared to the rest of the state. The median home value in 78704 is $525,500, and the median rent amount is $1,395 per month. This area also has one of the highest sales tax rates in Texas at 8.25%. Groceries and utilities are also more expensive than most other parts of the state. In spite of this, many people choose to live in this area for its excellent amenities such as quality schools, easy access to downtown Austin and other entertainment venues.