Loading
Assembling your view…
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 98 for Lexington. Austin is 9 points more expensive overall. Monthly rent goes from $1,487 to $1,531 (+3%).
If you earn the Lexington median of $67,631, you would need approximately $73,842/year in Austin to maintain equivalent purchasing power, based on the cost index difference of 9 points (9%).
Median rent in Lexington is $1,487/month. In Austin it is $1,531/month — a difference of +$44 per month, or $528 per year.
Moving to Austin looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $73,842/year in Austin. The median income there is $91,461.
Estimated monthly essentials total $3,370 in Lexington vs $3,570 in Austin — a difference of +$200/month (+$2,400/year).
The median home price in Austin is $500,627 vs $322,743 in Lexington. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,531 in Austin vs $1,632 in Lexington.