Cost of Living in Austin, TX

Key Statistics

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Living in Austin, TX — 2026 Cost of Living Guide

Austin is above the national average in terms of cost, with an overall cost of living index of 108. This means living in Austin is approximately 8% more expensive than the national average.

Housing Costs in Austin

Housing costs are notably higher than the national average, which is a significant factor in the overall cost of living. The housing index for Austin is 120, which means housing costs are 20% above the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in Austin is $75,413, with a population of approximately 978,908. The median household income is moderate, providing a reasonable standard of living relative to local costs.

Austin boasts a thriving job market with strong opportunities across multiple industries, including technology, finance, and healthcare.

Daily Living Expenses

Beyond housing, daily expenses in Austin are near the national average. Groceries and dining carry an index of 100, while transportation costs sit at 98. Healthcare expenses index at 96, and utilities come in at 99.

Taxes

One of the financial advantages of living in Austin is the favorable tax environment. With a tax index of 85, residents pay significantly less in state and local taxes compared to the national average.

Quality of Life

Austin enjoys generally pleasant weather, with seasonal variations that most residents find manageable.

Austin ranks as one of the safer major cities, with crime rates below the national average for metropolitan areas of its size.

Is Austin a Good Place to Live?

Austin provides a balanced combination of affordability and quality of life that appeals to a wide range of residents. With a thriving job market and good weather, Austin continues to attract new residents drawn by the favorable cost of living.

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