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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Austin looks like a financial upgrade — better income-to-cost ratio.
Austin has a cost index of 107 vs 97 for Houston. Austin is 10 points more expensive overall. Monthly rent goes from $1,542 to $1,531 (-1%).
If you earn the Houston median of $62,894, you would need approximately $69,378/year in Austin to maintain equivalent purchasing power, based on the cost index difference of 10 points (10%).
Median rent in Houston is $1,542/month. In Austin it is $1,531/month — a difference of $11 per month, or $132 per year.
Moving to Austin looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $69,378/year in Austin. The median income there is $91,461.
Estimated monthly essentials total $3,393 in Houston vs $3,570 in Austin — a difference of +$177/month (+$2,124/year).
The median home price in Austin is $500,627 vs $261,976 in Houston. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,531 in Austin vs $1,325 in Houston.