A detailed side-by-side comparison of the cost of living, housing prices, income levels, and overall affordability between Austin, TX and Denver, CO.
TX
Population: 979,882
CO
Population: 711,463
National average = 100. Higher values indicate a more expensive area.
| Metric | Austin, TX | Denver, CO | Difference |
|---|---|---|---|
| Cost of Living Index | 110 | 130 | -15.4% |
| Median Home Price | $425,000 | $525,000 | -19.0% |
| Property Tax Rate | 1.68% | 0.56% | +200.0% |
| Median Household Income | $80,954 | $78,177 | +3.6% |
| Population | 979,882 | 711,463 | +37.7% |
Austin, TX is 15.4% cheaper to live in than Denver, CO, based on the overall cost of living index.
Home Price Difference
$100,000
Austin, TX is cheaper by 19.0%
Income Difference
$2,777
Austin, TX earns more by 3.6%
Price-to-income ratio: median home price divided by median household income. A lower ratio indicates more affordable housing.
Austin, TX
5.2x
$425,000 / $80,954
Denver, CO
6.7x
$525,000 / $78,177
Overall, Austin, TX is the more affordable city to live in. With a cost of living index of 110 compared to 130, a median home price of $425,000, and a price-to-income ratio of 5.2x, Austin, TX offers better value for residents looking to stretch their dollar further. However, the median household income in Austin, TX ($80,954) is higher, which may offset some of the cost differences.