Cost of Living in Austin, TX
A comprehensive look at housing costs in Austin for 2025.
Crisis
Affordability Score
Home Price
🏠$470K
Monthly Rent
🔑$1,650
Monthly Mortgage
🏦$2,502
7% rate, 20% down
Median Income
💰$75K
Housing Costs Overview
The median home price in Austin is $470K, which is 15% higher than the national median of $410K. The median rent is $1,650/month, 10% above the national median.
Monthly Mortgage Breakdown
Based on 30-year fixed at 7% with 20% down payment ($94K). Total cost over 30 years: $901K.
Rent vs. National Average
At $1,650/month, renting in Austin means spending about $20K per year on housing. The rent-to-income ratio is 29.5%, which is within the recommended 30% threshold.
Compared to Texas
Home Price
$470K
vs $297K state
Rent
$1,650
vs $1,413 state
Income
$75K
vs $76K state
Is Austin Getting More Expensive?
Over the past year, home prices in Austin changed by 1.5% and rents by 0.8%. Price growth is moderate.