COST OF LIVING
Cost of Living in Austin
If you are considering moving to Austin, familiarize yourself with the costs of necessities and monthly expenses within the area. Austin is the cultural capital of Texas and is known as the Live Music Capital of the World. Large music festivals take over during spring and fall such as South by Southwest and Austin City Limits. Compared to other cities and metros, your income can stretch further in terms of the cost of living in Austin.
Despite the rising housing prices and other necessities, Austin remains to be one of the affordable metropolitan areas to live. One of the things people think about before moving into the area is how much does it cost to live in Austin, Texas? What is the cost of living for a person or a family in Austin? When it comes to relocating, people look at is the cost of living in Austin; on this page, here are some information and statistics that will further help you as you move to Austin.
According to the Austin real estate brokerage Spyglass Realty, the average cost of buying a home in Austin MSA is $327,500. With today’s rising prices in housing, we can say that Austin is a moderately expensive yet affordable place to live in. This is compared to other cities that also offers amenities and activities that will suit your lifestyle. Check out the graphs below that compares the average rent by bedroom size. Locations are Austin, Austin – Round Rock, Texas, and the United States.
For the expenses such as restaurants, market/groceries, transportation, monthly utilities, leisure, and monthly rent; rent per month appears to be the number costly expense in the area. This is followed by market/grocery needs, restaurants. Such as dining out in an expensive or inexpensive restaurant, transportation. Self-driving is the number one means of transportation in the area, utilities, leisure, and clothing. Check out the chart below for a visual representation of the distribution of expenses to know more about the cost of living in Austin.
Speak with an Austin Relocation Specialist
Our Austin Relocation Specialists will navigate you throughout your journey in finding the best homes for sale in Austin. If you have questions or inquiries about the Austin Real estate market or living in Austin in general, we’ll be glad to hear from you!