Living in Austin, Minnesota
Cost of living, income, home prices, rent and demographics of Austin · Census data 2020–2024
Austin has 26,358 residents with a median age of 36.2. The median household income is $68,057 (24% lower than the Minnesota median), the median home value is $163,900, the median rent is $953/month.
Austin at a glance
- Population
- 26,358
- Median age
- 36.2State: 38.8
- Median household income
- $68,057State: $89,062
- Median home value
- $163,900State: $329,300
- Median rent
- $953/moState: $1,280
- Homeowners
- 71.5%
- Bachelor's degree or higher
- 23.6%
- Average commute
- 18 min
Is Austin a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 24% lower than the Minnesota median; unemployment of 4.5%; a poverty rate of 12.5%.
The weather is best in June to September.
Cost of living in Austin
Housing is the biggest part of the cost of living. In Austin the median home value is $163,900, 51% lower than the U.S. median. Renters pay a median of $953 per month, which is 27.9% of household income. Homeowners with a mortgage pay $1,292 a month in housing costs.
Austin median household income
The median household income in Austin is $68,057 and the income per person is $31,514. 12.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Austin: homes for sale and rent
- Housing units
- 10,909
- Owner-occupied
- 71.5%
- Renter-occupied
- 28.5%
- Vacant
- 7.3%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.54
Austin demographics
- Population
- 26,358
- Median age
- 36.2
- Under 18
- 27.5%
- 65 and older
- 17%
- Households
- 10,110
- Foreign-born
- 17.5%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Austin ›
Education in Austin
23.6% of adults 25 and older in Austin have a bachelor's degree or higher (Minnesota: 39.4%), and 9.5% have a graduate or professional degree.
Jobs and commute in Austin
- Unemployment rate
- 4.5%State: 4.1%
- Average commute
- 18 minState: 23 min
- Work from home
- 5.3%
- Drive alone
- 75.2%
- Public transit
- 1.6%
- Walk to work
- 2.8%
- Homes with broadband
- 88%
Austin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Austin | 26,358 | $68,057 | $163,900 | $953 |
| Mapleview | 110 | $33,750 | $76,700 | $583 |
| Lansing | 152 | $44,063 | — | — |
| Brownsdale | 850 | $77,614 | $148,600 | $739 |
| Rose Creek | 429 | $81,875 | $150,000 | — |
| Waltham | 182 | $69,167 | $95,000 | $1,188 |
| Lyle | 504 | $58,269 | $111,800 | $575 |
| Hollandale | 340 | $64,375 | $151,500 | $642 |
| Hayward | 231 | $61,250 | $114,000 | — |
More for people moving to Austin
Austin ZIP code ›Weather and climate ›Living in Austin: FAQ
What is the median household income in Austin, MN?
The median household income in Austin is $68,057, 24% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Austin?
The median home value in Austin is $163,900, compared with $329,300 in Minnesota.
How much is rent in Austin?
The median gross rent in Austin is $953 per month, about 27.9% of household income.
Is Austin, MN a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 18 minutes. Minuses: median household income 24% lower than the Minnesota median; unemployment of 4.5%; a poverty rate of 12.5%.
What is the median age in Austin?
The median age in Austin is 36.2 years (Minnesota: 38.8).
How long is the commute in Austin?
The average commute to work in Austin is 18 minutes; 5.3% of workers work from home.
What is the unemployment rate in Austin?
The unemployment rate in Austin is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Austin?
23.6% of adults in Austin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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