The median income in the Texas capital is $63,717 but it takes $98,007 a year to live comfortably in Austin, according to a recent study by GoBankingRates, a personal finance website. To live comfortably in Austin as a renter, it takes $94,455 — but thats still a gap of more than $30,000 from the median income.

How much money do you need to make to live in Austin?

According to this method, Austin has a median household income of $55,216 but only $53,225 is required to live comfortably, according to the 50-30-20 rule. By that formula, if youre an Austin resident making more than $55,000, youll have a little over $1,000 left to spend at the end of every year.

Can I afford to live in Austin Texas?

Austin is a moderately expensive place to live, but it also has comparably high wages to offset the cost of living. The median home in Austin costs $347,000, which is far higher than the median in Texas ($185,000) or the U.S. overall ($238,000).

Is Austin or Houston hotter?

Houstons proximity to the Gulf of Mexico makes their heat feel hotter, whereas Austins inland location keeps it remarkably drier during those summer months. Still, Texas summers can be brutal, so any mitigating factor that helps ease the heat stress is appreciated.