Cost of Living in Austin, TX
Cost of Living in Austin, TX | Compared to State Average | Compared to National Average |
---|---|---|
Housing (Buy and Rent) | 33% higher | 13% higher |
Utilities (Monthly) | 8% lower | 6% lower |
Food | 2% higher | 7% lower |
Healthcare | 13% higher | 8% higher |
Transportation | 4% lower | 12% lower |
Goods & Services | 6% higher | 2% higher |
The cost of living in Austin, TX is 10% higher than the state average and 2% higher than the national average. Austin, TX housing is 13% more expensive than the U.S average, while utilities are about 6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2% more in Austin, TX than in the rest of the country, while clothing costs around 2% more .
Healthcare services such as doctor check-ups and dentistry cost 8% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% pricier in Austin, TX.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Austin is $1,826, while home prices circle around $390,770.
Utilities (Monthly)
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Austin, energy bills cost around $151.88 per month.
Food
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.07 in Austin, a dozen eggs go for around $1.47 and a pound of potatoes circles around $3.63.
Healthcare
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Austin, an optometry check-up costs around $116.83, while a dentist appointment is priced $121.52 on average.
Transportation
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.04 in Austin, while getting your tires balanced will run you about $44.22.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $25.97 here. Meanwhile, a pair of women's slacks will set you back around $27.45.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Austin, you should budget around $11.09 a month. When it comes to personal services, a haircut usually goes for $28.06, while dry cleaning costs about $11.80.
Income
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Austin, the median household income is $75,752.