Austin, TX variant. This is a Austin, TX-specific version of the Salary 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 Salary Calculator.
A salary in Austin must be weighed against a cost-of-living index of 119 (US avg = 100) and a $540,000 median home. The same paycheck stretches very differently here than in a cheaper metro.
Salary vs. cost of living in Austin
Austin's cost-of-living index of 119 means goods and housing cost about 19% more than the national average. To match a $60,000 lifestyle elsewhere you'd need roughly $71,400 here.
The $89,415 local median income and $2,100/month median rent set realistic expectations for Austin.
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: cost-of-living adjustment
A $70,000 offer in Austin (index 119) has the buying power of about $58,824 in an average-cost city. Rent alone runs ~$25,200/year.
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
Is Austin expensive?
Its cost-of-living index is 119 vs. the US average of 100, so it's above average.
What salary do I need in Austin?
Scale your target lifestyle by the 119 index - e.g., $71,400 to match a $60k lifestyle.