Cost of Living in Austin, Texas
Austin has a population of about 979,539. The median household income is $93,658, median gross rent is $1,729/month, and the median home value is $555,300. Below is how Austin compares to the US.
Is Austin expensive to live in?
Compared with the national median, rent in Austin is 4% above the national median and home values are 48% above the national median. Household income here is 12% above the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Austin?
The median gross rent in Austin, Texas is $1,729 per month (US Census ACS).
What is the median home price in Austin?
The median home value in Austin is $555,300.
How much do people earn in Austin?
The median household income in Austin is $93,658 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.