Cost of Living in Austin, TX
Population: 967,862 • 2026 Data
$91,461
Median Household Income
+18% vs national
$1,655
Median Monthly Rent
+23% vs national
$512,700
Median Home Value
+51% vs national
4.5%
Unemployment Rate
Housing in Austin
The median home value in Austin, TX is $512,700. Monthly rent for a typical unit averages $1,655, while total monthly housing costs (including utilities and insurance) average $1,747.
Rent-to-income ratio: 21.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Austin, TX is $91,461. The unemployment rate stands at 4.5%, with a labor force of 606,238 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.