food items) and housing – and we’ve got
the stats to prove it.
ACCRA is a national organization dedicated to economic development and
policy research, and it publishes an annual
Cost of Living Index that ranks a range of
living expenses in major cities. The index
measures differences between areas in the
cost of consumer goods and services, minus
taxes and non-consumer expenditures.
It also measures relative price levels for
consumer goods and services in participating areas. The average for a participating
place—both metropolitan and non-metro—
is 100, and each city’s index is read as a
percentage of the average for all places.
See the chart on the opposite page to see
how Austin ranks against other large metro
areas, and you’ll see that it’s much less
expensive, in just about every category
measured, to hang your hat right here.
For example, when comparing the
ACCRA Cost of Living Index for the last
several years, housing in the Austin, Texas
area has consistently been one of the most
affordable metropolitan markets in the
U.S. With an average 2014 housing score
of 86. 5, the Austin area is well below the
U.S. average of 100.
Whether you’re thinking about moving
here, or have just made the move, it’s easy
to see that the Austin area is a thriving
community that measures up not only
with its quality of life – but also with its
affordability. And that’s good news from
FROM ONE PAYCHECK TO THE NEXT
Want to know how living in the Austin area compares to other cities?
Assuming a $60,000 salary in the city you’re moving from and that
you’d own a house here, we used a salary/cost of living calculator
to help figure out the rest.
If you made $60,000 in Detroit, for example, your salary could
decrease to $58, 107 in Austin – and you’d still maintain the same
standard of living. See the table below for the results from a sampling
of other cities.
Moving From Here… You’d Need to Make…
Phoenix $58, 247
Detroit $58, 107
San Francisco $54, 229
Pittsburgh $59, 340
Houston $57, 128
Dallas $58, 271
Seattle $47, 288
Baton Rouge $60,986
New York City $32,066
Los Angeles $42,815
Las Vegas $55,922
St. Louis $60,025
Raleigh $60, 136
Cincinnati $61, 255