A one-bedroom apartment in Downtown Austin is up 45 percent and costs an average of $1,523 per month. New York City and San Francisco transplants will find property value refreshingly affordable, while those moving to Austin from smaller cities may find average rent surprisingly expensive.Īverage rents for Austin apartments have increased compared to last year. How you feel about the housing market in Austin depends on where you're coming from. Now that we've highlighted annual changes from the past year, let's look into each category so you can put together a living calculator and determine if this is one of the best places for you to call home.Īverage rent is cheaper than San Francisco However, the average housing costs increased by almost 2 percent. We'll deep dive into the data and highlight the cost of living and rent in Austin, but first, here's a snapshot of year-over-year changes in the cost of living in Austin.Īs you can see, in most categories, the cost of living has actually decreased. Year-over-year cost of living changes in Austin It would be negligent not to mention the quality of life - which is impossible to put a price tag on - that Austinites will proudly tell you is one of the highest around. The most expensive part of living in Austin is housing, but even that's offset by savings on gas prices, transportation, utilities and food. Best of all? The cost of living in Austin is still more affordable than most bustling metropolises.Įven though locals complain about skyrocketing prices, the overall cost of living in the Lone Star State capital is just a fraction higher - only 1.2 percent - compared to other cities. But with the high price of housing, it's getting less affordable.Īustin has a reputation as a global live music capital, a hipster haven and an outdoor enthusiast's dream come true.
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