Cost of Living in Austin, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
160.5
100 = national avg
+60.5 vs national average
Living Wage (1 Adult)
$70,632
per year
Living Wage (Family of 4)
$166,949
per year
Cost Index by Category
Housing230.6
Food119.9
Transportation103.0
Healthcare115.9
Utilities138.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,562
per month
2 Bedroom
$1,852
per month
The overall cost of living index in Austin is 160.5, which is 60.5% above the national average. Housing costs are above the national average at an index of 230.6. A single adult needs to earn approximately $70,632 per year to cover basic expenses.