Living in Austin, Texas
Cost of living, income, home prices, rent and demographics of Austin · Census data 2020–2024
Austin has 979,539 residents with a median age of 34.7. The median household income is $93,658 (19% higher than the Texas median), the median home value is $555,300, the median rent is $1,729/month.
Austin at a glance
- Population
- 979,539
- Median age
- 34.7State: 35.6
- Median household income
- $93,658State: $78,476
- Median home value
- $555,300State: $283,800
- Median rent
- $1,729/moState: $1,403
- Homeowners
- 43.4%
- Bachelor's degree or higher
- 59.6%
- Average commute
- 24 min
Is Austin a good place to live?
Pros: Median household income 19% higher than the Texas median; an average commute of 24 minutes; unemployment of 4.7%; a poverty rate of 12%.
Cons: Home values 96% higher than the state median.
The weather is best in March–April and October–November.
Cost of living in Austin
Housing is the biggest part of the cost of living. In Austin the median home value is $555,300, 67% higher than the U.S. median. Renters pay a median of $1,729 per month, which is 29.1% of household income. Homeowners with a mortgage pay $2,679 a month in housing costs.
Austin median household income
The median household income in Austin is $93,658 and the income per person is $62,862. 12% of residents live below the poverty line (Texas: 13.8%).
Housing in Austin: homes for sale and rent
- Housing units
- 483,071
- Owner-occupied
- 43.4%
- Renter-occupied
- 56.6%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.10
Austin demographics
- Population
- 979,539
- Median age
- 34.7
- Under 18
- 18%
- 65 and older
- 10.4%
- Households
- 456,113
- Foreign-born
- 18.7%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Austin ›
Education in Austin
59.6% of adults 25 and older in Austin have a bachelor's degree or higher (Texas: 33.8%), and 23% have a graduate or professional degree.
Jobs and commute in Austin
- Unemployment rate
- 4.7%State: 5.3%
- Average commute
- 24 minState: 27 min
- Work from home
- 30.7%
- Drive alone
- 56%
- Public transit
- 2%
- Walk to work
- 2.5%
- Homes with broadband
- 93.8%
Austin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Austin | 979,539 | $93,658 | $555,300 | $1,729 |
| Rollingwood | 1,316 | $240,114 | $2,000,001 | $3,501 |
| West Lake Hills | 3,285 | $198,125 | $1,664,500 | $3,501 |
| Lost Creek | 954 | $165,598 | $1,163,100 | $2,833 |
| Sunset Valley | 814 | $190,893 | $917,500 | $3,501 |
| Barton Creek | 3,440 | $203,947 | $2,000,001 | $2,268 |
| Steiner Ranch | 18,619 | $190,523 | $826,500 | $1,955 |
| Hornsby Bend | 12,367 | $89,614 | $314,900 | $2,147 |
| Wells Branch | 13,523 | $66,656 | $401,100 | $1,544 |
More for people moving to Austin
Austin ZIP code ›Weather and climate ›Living in Austin: FAQ
What is the median household income in Austin, TX?
The median household income in Austin is $93,658, 19% higher than the Texas median of $78,476 (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 $555,300, compared with $283,800 in Texas.
How much is rent in Austin?
The median gross rent in Austin is $1,729 per month, about 29.1% of household income.
Is Austin, TX a good place to live?
Pluses: median household income 19% higher than the Texas median; an average commute of 24 minutes; unemployment of 4.7%; a poverty rate of 12%. Minuses: home values 96% higher than the state median.
What is the median age in Austin?
The median age in Austin is 34.7 years (Texas: 35.6).
How long is the commute in Austin?
The average commute to work in Austin is 24 minutes; 30.7% of workers work from home.
What is the unemployment rate in Austin?
The unemployment rate in Austin is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Austin?
59.6% 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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