D
%Begin 2022 Cost of Living in Austin, Texas Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content
visibility
512 views
thumb_up
45 likes
V
Michele Petry is a senior editor for Bankrate, leading the site’s real estate content. Bankrate logo
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions.
thumb_up
16 likes
M
While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo
The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices.
thumb_up
34 likes
L
We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy.
thumb_up
36 likes
N
Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logo
Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
thumb_up
28 likes
C
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.
thumb_up
47 likes
I
Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team.
thumb_up
8 likes
B
Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions.
thumb_up
9 likes
N
We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
thumb_up
31 likes
E
So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo
How we make money
You have money questions.
thumb_up
32 likes
H
Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
thumb_up
7 likes
A
Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
thumb_up
31 likes
S
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
thumb_up
37 likes
D
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories.
thumb_up
7 likes
J
Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
thumb_up
34 likes
W
Austin, the capital city of Texas, is known for its mild climate, abundance of outdoor activities and generally being a good place to live, work and play. The city is also recognized for its strong business environment. It’s home to several major corporate and regional headquarters, including Dell, Whole Foods, Oracle and Indeed.
thumb_up
22 likes
S
With its high quality of life and level of career opportunities, Austin has come to be known as a vibrant and creative city. : More than 40 percent of residents in the greater Austin region are between 18 and 44 years old, while in the metro Austin area, the median age is 33 years old.
thumb_up
33 likes
L
Here’s a closer look at life in the Texas state capital.
Stats for Austin Texas
Consistently in the United States, Austin receives top marks for its quality of life and job prospects, among other factors. Here are some of the city’s key statistics: Median household income: Per capita income: $44,829 Average salary: Unemployment rate: 3.3% Poverty rate: 12.5%. Median age: 33.7 years old is growing fast, and has been for several years now.
thumb_up
39 likes
E
In 2015, the state capital’s population passed the 2 million mark. In the decade ending in 2020, the city experienced a 33.7 percent increase in population. Between just 2018 and 2019 alone, the city experienced the second largest growth rate among the top 50 metropolitan locations in the U.S.
thumb_up
44 likes
E
According to Census Bureau data, 6.6 percent of the city’s residents in 2019 lived elsewhere one year earlier.
Housing costs in Austin Texas
Like many other parts of the country, the cost of housing in Austin has increased sharply in recent years. The current median home price in the metro area is a steep $550,000, according to 2022 data from the .
thumb_up
43 likes
N
That price represents a record-breaking 19.6 percent year-over-year price increase. These skyrocketing housing prices make the in Austin challenging. Sales prices have been increasing significantly for the past several decades: In 1991, the median sale price of a home in Austin was just $86,000.
thumb_up
1 likes
T
Texas has no state property tax. But run a high 2.17 percent — double the .
Rent prices
Median rental prices in Austin have also been climbing in recent years.
thumb_up
8 likes
W
Between January 2021 and 2022, prices increased 35 percent, . Only one other city in the country — Portland, Oregon — experienced a bigger increase.
thumb_up
44 likes
J
As of this January, the average rent in Austin was $2,245. Finding a rental is also very competitive in Austin, and it’s not unusual to find yourself in a bidding war with other potential renters.
thumb_up
50 likes
H
The increasing competitiveness of the rental market is being driven by people who might otherwise but cannot afford to do so with housing prices in the area also rising.
Transportation in Austin Texas
Austin can be a challenging place to be a commuter. In 2020, Austin-area commuters spent about , which was the seventh highest figure in the nation, according to a study from the Texas A&M Transportation Institute. Census Bureau data shows Austin residents spend about 25 minutes commuting to work.
thumb_up
4 likes
G
About 70 percent of commuters are driving alone — only a small fraction of Austin residents opt to carpool. The average cost of gas for Austin drivers is about $4.20 per gallon. Though it is used by only a small share of residents — just 3 percent — Austin does offer a network of operated by Capital Metro.
thumb_up
19 likes
Z
The city is served by a network of bus routes, a MetroRapid Route and MetroRail. There are also bike share programs operated by Austin B-Cycle.
What to do in Austin Texas
In addition to the great weather in Austin, which encourages an active, outdoor lifestyle, there are many activities to keep residents and visitors entertained. After all, Austin is also known as the “Live Music Capital of the World.” Here are some of the top things to do in Austin:1 SXSW
The legendary SXSW festival takes place every March in Austin.
thumb_up
0 likes
G
The event showcases films, music and speakers from around the world. Past headliners have included Michelle Obama and Willie Nelson.
2 Blanton Museum of Art
For art lovers, the Blanton is a must-see.
thumb_up
20 likes
A
The museum is known for its European painting collection, as well as its modern and contemporary art.
3 Barton Springs
With an average temperature of between 68 and 70 degrees, Barton Springs is a popular swimming spot in Austin. The water in the three-acre pool comes from underground springs.
thumb_up
49 likes
J
4 Umlauf Sculpture Garden
As its name implies, the Umlauf is a garden filled with more than 270 sculptures. The works of art were donated to the city by 20th-century American sculptor Charles Umlauf and his wife, Angie.
thumb_up
5 likes
N
5 Rainey Street
If you’re looking for great drinks, food or live music, don’t miss Rainey Street, which is lined with bungalows that have been converted to bars.6 Lady Bird Johnson Wildflower Center
Located in nearby Hill Country, nature lovers won’t want to miss the Lady Bird Johnson Wildflower Center.
thumb_up
50 likes
A
The 284-acre attraction features gardens filled with native Texas plants. There’s also an arboretum.
7 Texas Capitol building
For history buffs, the free guided tours of the Texas Capitol building are a must-do.
thumb_up
22 likes
M
The building was designated a National Historic Landmark in 1986. Tours are offered seven days a week.
8 South Congress
Austin has a variety of unique neighborhoods, and the South Congress district is one of the best.
thumb_up
19 likes
E
It is known for its restaurants, boutiques, bars and, of course, live music.
9 Austin City Limits Music Festival
In a city that is legendary for its music, it should be no surprise that there are multiple festivals dedicated to showcasing it.
thumb_up
33 likes
M
The Austin City Limits festival takes place in Zilker Park and features more than 100 performances.
10 McKinney Falls State Park
Immerse yourself in nature within the city limits at McKinney Falls State Park. Visitors can hike, bike and even camp.Moving to Austin Texas
Before moving to Austin, be sure to research its variety of unique neighborhoods to find the area that’s best for you, your family, your interests and your budget.
thumb_up
26 likes
L
There are a handful of popular neighborhoods located close to downtown, for example — ideal for those who want to live close to the city’s urban core or near an employer. Those with children will also want to look into local schools in preparation for a move to the city.
thumb_up
3 likes
E
There are plenty of — areas with low crime, good schools, parks and other outdoor amenities. If you’re planning to buy a home in Austin, it’s a good idea to research who know the area well. These professionals can help you find a neighborhood that meets all of your needs.
FAQ
What time is it in Austin Texas
The sprawling state of Texas spans two time zones — Central and Mountain.
thumb_up
14 likes
L
The majority of the state, including Austin, is located in the Central time zone.
What is the weather like
Austin is known for its pleasant, subtropical weather. The city has about 300 days a year of sunshine.
thumb_up
33 likes
E
The average temperature in November is 71 degrees, while in summer the temperature is frequently about 90 degrees.
What county is Austin TX in
Austin actually spans three different Texas counties: Travis, Hays and Williamson. Downtown Austin is located in Travis County.
thumb_up
27 likes
V
Does it ever snow in Austin TX
Winters in Austin are mild, and while snow is rare, it does snow occasionally.Where to stay when visiting
The city of Austin has a variety of distinct neighborhoods offering different attractions and features. The Rainey Street area is known for its bars and party scene, while budget-friendly visitors will want to look at downtown Austin, where hotels frequently offer deals, especially on weekends.
thumb_up
30 likes
L
Other popular areas include East Austin and South Congress.
What river runs through Austin TX
The 800-mile long runs through the city of Austin.How far is it from Dallas
Austin is just under 200 miles away from Dallas, Texas, which is about a three-hour drive.
thumb_up
30 likes
L
What is the population of Austin TX
The most recent data available, from 2020, puts Austin’s population at about 2.3 million people.Bottom line
Even with rising home and rent prices, Austin continues to be one of the fastest-growing and most popular places to move to in the country.
thumb_up
42 likes
L
Transplants are attracted by the city’s pleasant climate, which allows for an active outdoor lifestyle. Austin’s abundant employment opportunities, as well as its vibrant arts scene, are still more reasons why the city continues to draw new residents year after year.
thumb_up
18 likes
A
By 2030, the city is expected to be home to more than 2.8 million people.
SHARE: Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience and worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com. Michele Petry is a senior editor for Bankrate, leading the site’s real estate content.
SHARE: Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience and worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com. Michele Petry is a senior editor for Bankrate, leading the site’s real estate content.
Related Articles
thumb_up
18 likes
Similar Discussions
-
5 players who could take Cristiano Ronaldo s position at Manchester United September 2022
-
Real Sociedad vs Espanyol Prediction and Betting Tips September 18 2022
-
Steelrising beginners guide 7 tips to help you get started
-
Fiscal Fácil Notas Fiscais APK Download for Android
-
Nos coups de cœur des albums jeunesse du mois d octobre
-
UK PM Truss Spokesman Working in preparation for a medium term fiscal plan on October 31 Unitedkingdom Politics
-
El igo que yo conoc
-
158 Bad Jokes Of The Day That Are So Lame They re Hilarious
-
LA City Council President Steps Down After Racist Remarks
-
We Hope Race Cars Look This Cool In The Future CarBuzz
-
Barry season 4 mdash everything we know Tom s Guide
-
iPhone 14 vs Samsung Galaxy S22 Which phone wins? Tom s Guide
-
Everyone is a Genius iFixit News
-
Sandra Sandy L Kopp M D Doctors and Medical Staff Mayo Clinic
-
Telekinesis Vs Psychokinesis
-
Roblox Martial Realm codes October 2022 Free Shards Rerolls and more
-
Bleach TYBW anime collabs with Coca Cola in Japan
-
Ostrava 2022 Where to watch TV schedule live streaming details and more AGEL Open
-
Former WWE Champion recalls historical moment in his career
-
Asia Cup 2022 3 key Indian players who have played only one T20I against Pakistan
-
Pokémon s 25th celebrations include an album featuring J Balvin Katy Perry
-
How to Celebrate International Yoga Day
-
A celebrity hairdresser predicts the top hair colour trends for 2022 YOU Magazine
-
Ranked The most followed Love Island cast members of all time
-
Paleontolog nedir
-
Evdeki yabancı film
-
15 Ways to Save Money Landscaping Your Yard
-
Panka Peruvian opening second Iowa location near Drake Des Moines
-
Find the right financial advisor for you
-
Press Room