Cost of Living in Austin, TX
2024 data from the Bureau of Economic Analysis
Cost Index
98.1
1.9% below avg
Housing Index
120.4
Median Income
$92,939
Median Rent
$1,529/mo
Cost Breakdown
Overall98.1 (-1.9%)
Housing120.4 (+20.4%)
Goods93.8 (-6.2%)
Utilities82.0 (-18.0%)
Other Services96.2 (-3.8%)
National average = 100
Income & Housing
Median Household Income
$92,939/year
Median Home Value
$390,500
Median Monthly Rent
$1,529/mo
Per Capita Income
$49,787/year
Compare Austin, TX With
Frequently Asked Questions
Is Austin, TX expensive to live in?
Austin, TX has a cost of living index of 98.1, which is 1.9% below the national average.
How much does housing cost in Austin, TX?
Housing costs in Austin, TX are indexed at 120.4 compared to the national average of 100. The median monthly rent is $1,529.
What is the average income in Austin, TX?
The median household income in Austin, TX is $92,939 per year.
What is the average home price in Austin, TX?
The median home value in Austin, TX is $390,500.