Quality of Life in Austin, TX on a $109,055 Salary
Living in Austin, TX, on a salary of $109,055 offers various experiences and challenges that compare differently to the broader United States. Below is an assessment of the key factors such as cost of living, housing market, quality of life, healthcare, and education.
Cost of Living
General Overview:
- Austin's cost of living is higher than the national average but not the highest among other major U.S. cities.
- Groceries and transportation costs align closely with the national average.
- Utilities vary but are generally manageable given the salary level.
Impact on Budget:
- Commuting costs are reasonable thanks to a well-utilized public transportation system.
- Dining out and entertainment offer variety with options ranging from mid-range to upscale, affecting discretionary spending.
Housing Market
Current Trends:
- Austin’s housing market has experienced rapid growth, leading to higher than average home prices.
- Median home prices in Austin exceed the national median, putting pressure on homebuyers.
Affordability:
- With a $109,055 salary, buying a home is feasible but may require compromises on location or size.
- Renting is a common choice, with costs moderate compared to homeownership but rising steadily.
Quality of Life
Access to Healthcare
Healthcare Facilities:
- Austin boasts several high-quality hospitals and healthcare providers.
- Access to specialty care and innovative medical treatments is good.
Healthcare Costs:
- Slightly above the national average, largely due to high demand in a growing population.
Quality of K-12 Schools