Quality of Life in Austin, TX for $121,380 Annual Income

Cost of Living Overview

• Cost of Living Index:
  • Austin’s cost of living index stands at around 119.3, compared to the U.S. average of 100. This indicates that Austin is generally more expensive than other U.S. cities.
• Key Expense Comparisons:
  • Groceries: Slightly above average costs.
  • Utilities: Typically lower than the national average.
  • Transportation: Costs slightly higher due to gas prices and commute costs.

Housing Market Analysis

• Median Home Price:
  • As of recent data, the median home price in Austin is approximately $450,000 compared to the national median which hovers around $350,000. This reflects a competitive and robust housing market.
• Housing Affordability:
  • With an income of $121,380, a decent range of housing options is affordable, although securing home ownership might be tougher due to the competitive market and rising costs.

Quality of Life

• Employment Opportunities:
  • Austin boasts a vibrant tech and startup scene coupled with a robust job market which supplements the high salary that fits well with living standards.
• Recreational Options:
  • Ample outdoor activities, cultural festivals, and a thriving live music scene contribute to a high quality of life.
• Safety and Well-being:
  • Generally considered a safe city with various neighborhoods offering diverse living experiences.

Healthcare Access

• Healthcare Facilities:
  • Austin provides access to numerous high-quality medical centers and specialist services.
• Healthcare Costs:
  • Medical costs are somewhat aligned with the national average, although out-of-pocket expenses can vary depending on the plan and coverage.

Quality of K-12 Schools

• Public School Ranking:
  • Austin Independent School District (AISD) offers a range of highly-rated schools, and the city's education system is seen as robust.
• Private Schools and Charter Options:
  • Numerous private and charter schools offer alternative education choices, often reflecting the diverse and inclusive nature of the city.

Summary

Living in Austin, TX with an annual income of $121,380 positions individuals well above the median U.S. income, given the city's higher cost of living and housing prices. Despite these challenges, the vibrant local economy,