Cost of Living in Austin
Median income in Austin is $63,000/year ($5,250/month). Here is how to budget every dollar.
Average Rent in Austin
$1,300
Studio
$1,600
1 Bedroom
$2,000
2 Bedrooms
Monthly Budget Breakdown: $5,250/month
How to allocate the median Austin income of $63,000/year after taxes.
Housing
$1,600
Food & Groceries
$525
Transportation
$380
Utilities
$220
Healthcare
$260
Entertainment
$315
Personal & Other
$260
Savings
$1,690
Total
$5,250
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Affordable Neighborhoods in Austin
East Austin (78702) has gentrified but areas further east remain affordable
Pflugerville and Round Rock north of Austin offer family-friendly suburbs at lower costs
South Austin near Slaughter Lane has newer apartments with reasonable rents
Money-Saving Tips for Austin
No state income tax — major advantage for tech workers with higher salaries
Take advantage of Barton Springs, Lady Bird Lake trails, and free live music
Shop at H-E-B (locally beloved) and Central Market for good value groceries
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