Austin, TX variant. This is a Austin, TX-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in Austin pits the $89,415 median income against a $540,000 median price - a price-to-income ratio of 6.0x.
Can you afford Austin?
The 28% rule caps housing at $2,086/month on the local median income, supporting roughly $412,604 in price - versus the $540,000 Austin median.
Austin is a stretch on the median income; many buyers need higher earnings, more down, or co-borrowers.
About Austin, TX
Austin residents pay no state or city income tax, as Texas does not levy a personal income tax.
Austin's housing market has grown sharply in recent years, with home prices and rents rising amid rapid population growth.
Austin's economy is anchored by a fast-growing technology sector and its role as the Texas state capital and a major university town.
Worked example: max price on $89,415
28% of $89,415 ÷ 12 ≈ $2,086/month supports about $412,604 at 6.5% with 20% down - compared with the $540,000 median.
Quick reference
- Median home value: $540,000
- Median rent: $2,100/mo
- Median household income: $89,415
- Local sales tax: 8.25%
- Effective property tax rate: 1.95%
- Cost of living index: 119 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in Austin?
To afford the $540,000 median home, you'd typically need well above the $89,415 local median income at current rates.
What is the price-to-income ratio in Austin?
About 6.0x (median home ÷ median income).