[{"data":1,"prerenderedAt":36},["ShallowReactive",2],{"city-content-las-vegas-vs-austin":3,"comparison-city-content-las-vegas-vs-austin":4},null,{"fromCityContent":3,"toCityContent":5},{"id":6,"title":7,"body":8,"description":28,"extension":29,"meta":30,"navigation":31,"path":32,"seo":33,"stem":34,"__hash__":35},"cities\u002Fcities\u002Faustin.md","Cost of Living in Austin",{"type":9,"value":10,"toc":24},"minimark",[11,15,18,21],[12,13,14],"p",{},"Austin has a cost of living index of 95.6, about 4.4% below the national average. The housing index is 96.8, so housing still does a lot to shape the local budget. Typical apartment rent is about $1,774 a month, and median home values are around $492,364. The median household income is approximately $88,000.",[12,16,17],{},"A $100,000 salary in an average-cost city stretches to about $104,600 in Austin. The difference is real, but it is small enough that housing choice matters more than the metro average by itself. Most day-to-day categories stay close to the national baseline.",[12,19,20],{},"Texas has no state income tax, which is a real financial advantage. At a $100,000 gross salary, the absence of state income tax puts several thousand additional dollars in take-home pay compared to someone earning the same amount in a state with a 5 to 10% income tax. That advantage partially explains why Austin has attracted significant corporate relocations and individual migration from higher-tax states.",[12,22,23],{},"Property taxes in Texas are notably high and represent an important offset to the income tax advantage. Effective property tax rates in the Austin metro often run 1.8 to 2.2% of assessed value annually. On a $500,000 home, that's $9,000 to $11,000 per year in property taxes alone, on top of a mortgage. Buyers evaluating affordability should include the property tax figure explicitly in their monthly cost calculations, as it represents a cost that is materially higher than in most other states.",{"title":25,"searchDepth":26,"depth":26,"links":27},"",2,[],"What your salary is worth in Austin compared to the US average","md",{},true,"\u002Fcities\u002Faustin",{"title":7,"description":28},"cities\u002Faustin","dpTB-tUEJGzhxFkJGlBBTFIfwwU_BSnj8y0WvnLypvU",1776828786203]