Image by: Mitchell Kmetz
Cost of Living in Austin
The cost of living in Austin is slightly higher than the national average, but lower than many other major US cities. According to the Council for Community and Economic Research’s Cost of Living Index, Austin’s cost of living is 1% higher than the national average. However, it is lower than other major tech hubs like San Francisco (115% higher), San Jose (112% higher), and Seattle (71% higher).
The cost-of-living index is a measure of how much it costs to live in a particular city compared to the national average. It takes into account the cost of housing, utilities, transportation, groceries, healthcare, and other expenses. Austin’s housing costs are the highest of any expense category, with housing costs 16% higher than the national average. However, utilities, goods and services, groceries, and transportation are also slightly lower than the national average.
Here is a breakdown of the cost-of-living index for Austin, TX in different categories:
- Housing: 115.5
- Utilities: 93.6
- Transportation: 90.9
- Healthcare: 103.2
- Groceries: 94.1
- Miscellaneous goods and services: 98.8
Here is a comparison of the cost of living in Austin, TX to other major US cities:
Cost of Living Index:
|San Francisco, CA||215|
|San Jose, CA||212|
|New York City, NY||161|
|Los Angeles, CA||151|
Overall, Austin has a relatively affordable cost of living compared to other major US cities. However, it is important to note that the cost of living can vary depending on your lifestyle and spending habits. For example, if you choose to live in a trendy neighborhood or eat out frequently, your cost of living will be higher.
If you are considering moving to Austin, it is important to factor in the cost of living so that you can make an informed decision.