Eaccess Austin (2024)

FAQs

Is 70k a good salary in Austin? ›

You'll need an income on the higher end of that range if you're living in Austin, with its high cost of living. In Harlingen, on the other hand, where the cost of living is 20.4% lower than the national average, you can get by on much less. With that in mind, a good salary in Texas is between $55K and $73K.

Austinites would need to make a $99,757, or a $44.12 hourly wage individually to lead a comfortable lifestyle and avoid living paycheck to paycheck, says the report, which analyzed 99 major U.S. cities.

80K is considered to be a very livable wage if you live in the state of Texas and have a family. It is estimated that a family of four can comfortably live off of this kind of salary without any additional income or funding.

In order to live comfortably in Austin, a family of four would need an annual salary of $87,105 or monthly earnings totaling approximately $7,259. On the other hand, for single individuals living there, it requires about $42,755 per year, which comes out to around $3,563 each month.

$30 an hour is how much a year? If you make $30 an hour, your yearly salary would be $62,400.

One adult with no children can live comfortably in these Texas cities on a salary of about $75,000, SmartAsset determined. A family would need around $180,000 or more.

The city's median household income is over 89K.

SmartAsset's annual "What It Takes to Be Middle Class in America" report says middle class households in 2024 would need to be making at least $59,604 and up to $178,830 a year to be labeled "middle class" in Austin.

Austin is one of just three major housing markets in the U.S. that has enough supply to meet demand, according to figures global developer Hines shared with Axios. But that shift has only happened recently, and local real estate experts say Austin is still facing a shortage of affordable housing.

West and Central Austin boast some of Austin's wealthiest neighborhoods, with prestigious neighborhoods like Westlake Hills, Rollingwood, Tarrytown, and Old Enfield.

In conclusion, the proliferation of population, job marketplace expansion, and flourishing tourism have all been factors in inflating the cost of living in Austin.

Is Austin expensive to rent? ›

What is the average rent in Austin, TX? As of May 2024, the average rent in Austin, TX is $1,449 per month. For comparison, the national average rent price in the US is currently $1,516/month, which means Austin rent prices are 4% lower than the national average.

Living in Barton Creek, the most expensive neighborhood in Austin, comes with access to some extraordinary amenities. The luxurious facilities offered by both the Barton Creek Country Club and Omni Barton Creek Resort & Spa are something special for residents.

In order for a family of four to be able to cover their basic household costs in Austin, the family needs to earn $87,105 per year / $7,259 per month or a combined hourly wage of $42 per hour. A single individual living in Austin will need to earn $42,755 per year / $3,563 per month.

You may be able to live comfortably off $70,000, depending on where you live and how many people are in your household. If you're single and live in an area where the cost of living is below average, you can likely live well on $70,000.

According a recent study from SmartAsset, a single person with no kids can live comfortably in several Texas cities on a salary of about $75,000. A family of four would need about $175,000 or more.

If you make $70,000 a year living in the region of Texas, USA, you will be taxed $13,523. That means that your net pay will be $56,477 per year, or $4,706 per month.