Calculate using real Austin data. Median home price: $425,000. Property tax rate: 1.68%.
Austin, TX has a cost of living index of 110, where 100 represents the national average. This means living in Austin is 10% more expensive the national average.
The median household income in Austin, TX is $80,954. Combined with a cost of living index of 110, this provides a picture of purchasing power in the area.
The median home price in Austin, TX is $425,000 with a property tax rate of 1.68%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,894.