Quality of Life in Austin, TX with an Annual Income of $143,820

Cost of Living

• Comparison to National Average:
  • Austin's cost of living is approximately 17% higher than the U.S. average.
  • Major contributing factors are housing and transportation costs.
• Daily Expenses:
  • Groceries, utilities, and health care costs are slightly above average.
  • Savings and discretionary spending may be limited compared to other cities with a lower cost of living.

Housing Market

• Current Trends:
  • The housing market in Austin is competitive with a median home price significantly higher than the national average.
  • As of late 2023, the median home price is around $600,000.
• Affordability:
  • A salary of $143,820 may comfortably cover mortgage payments, but finding affordable housing within city limits may still be challenging.
  • Renting is viable but also costly, with median rents for a one-bedroom apartment within the city around $1,500 to $2,000 per month.

Quality of Life

• Cultural and Social Scene:
  • Vibrant cultural activities, including music festivals, art galleries, and diverse food options, contribute positively to quality of life.
  • Known for its technology sector growth, contributing to job stability and economic opportunities.
• Transportation:
  • Traffic congestion is notable; owning a car is often necessary.
  • Public transportation options are improving but remain behind compared to major metros like New York or San Francisco.

Access to Healthcare

• Availability:
  • Austin offers several high-quality healthcare facilities and hospitals.
  • Presence of renowned institutions like the Dell Medical School enhances medical services and research.
• Cost:
  • Health care costs are slightly above national average but offset by higher local salaries.

Quality of K-12 Schools

• Education System:
  • Austin Independent School District (AISD) and surrounding districts provide many high-performing schools.
  • Strong emphasis on STEM education and arts programs.
• Private Education:
  • Numerous private and charter schools offer additional choices; however, tuition can be costly.

Summary of Assessment

Living in Austin, TX, with an annual income of $143,820 offers a good quality of life, especially considering the area's vibrant culture, economic opportunities, and educational resources. The higher-than-average cost of living and competitive housing market