Cost of Living in Austin, TX
Housing
The housing market plays a significant role in determining the cost of living in Austin, TX.
- Housing Index: 110.0 / 100
- Median Home Price is: $572000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Austin, TX, it's important to evaluate the housing market. With a housing index of 110.0, the market appears slightly above the national average, indicating competitive pricing. The median home price is currently set at 572000, suggesting a significant investment in property. Renting options reveal an average rent of 1800 for a 2-bedroom apartment and slightly higher at 1840 for a house. Assess your budget and lifestyle needs carefully, as this city may offer vibrant communities but could require a substantial monetary commitment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Austin, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Austin, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Austin is a financially viable option for your relocation.