Quality of Life in Austin, TX on a $108,545 Salary

Overview of Austin's Economy

• Median Household Income: Approximately $85,000 (as of recent data)
• Income Comparison: $108,545 is above the median, providing a comfortable lifestyle.
• Job Market: Diverse economy with tech, education, and government sectors.

Cost of Living in Austin, TX

• Overall Cost: Higher than the national average
• Index Rating: Approximately 9% above the average U.S. city
• Utilities, Groceries, Transportation: Costs align closely with national averages

Housing Market in Austin

• Median Home Price: Around $550,000
• Price Growth: Rapid growth in recent years; high relative to national averages
• Rental Market: Average rent for a one-bedroom is over $1,500 monthly
• Affordability: Challenging for some, with a substantial portion of income needed for mortgage/rent

Quality of Life

• Work-Life Balance: Known for a relaxed lifestyle and emphasis on outdoor activities
• Cultural Scene: Rich in music, festivals, and dining options
• Economic Opportunities: Strong job market with access to top companies and startups

Access to Healthcare

• Healthcare Quality: Considered to be high, with several top-rated hospitals
• Insurance Costs: Generally in line with national averages
• Availability: Comprehensive, with access to specialized care

Quality of K-12 Schools

• Education System: Mix of high-ranking public and private schools
• School Funding: Better-funded schools typically in more affluent areas
• Diversity of Options: Charter schools and specialized programs available

Summary of Assessment

Living in Austin, TX, with a salary of $108,545 affords a relatively high quality of life, especially with its dynamic job market and cultural vibrancy. However, the rapidly increasing cost of housing and cost of living slightly above average can present financial challenges in terms of housing affordability and overall expenses. Access to healthcare and educational opportunities remains robust, supporting a well-rounded lifestyle in this thriving city.