critical goods and services like groceries
(Texas doesn’t tax unprepared food items)
and housing – and we’ve got the stats to
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 2017 housing score
of 100, the Austin area is right at 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 any
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 Phoenix, for example, your salary could
increase to $58,999 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…
San Francisco $32,387
Baton Rouge $59,433
New York City $25,035
Los Angeles $40,385
Las Vegas $54,040
St. Louis $62,937
Raleigh $61, 102