Cost of Living in Austin, TX
Austin has a cost of living index of 113 (100 = national average), making it more expensive than the national average. The median household income is $75,752 and the median home price is $450,000.
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Austin at a Glance
Population
979,882
Cost of Living Index
113
Median Income
$75,752
Median Home Price
$450,000
Property Tax Rate
1.75%
Sales Tax Rate
8.25%
Rent Index
118
State
Texas
Living in Austin
Austin has a cost of living slightly above the national average. While housing at $450,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Austin is 8.25%, and the effective property tax rate is 1.75%. Property taxes are above the national average, which is an important consideration for homebuyers.