Quality of Life in Austin, TX with an Income of $96,050

Cost of Living

• Overall Index: Austin's cost of living is slightly higher than the national average.
• Groceries & Utilities: These essentials are on par with national averages, making day-to-day expenses manageable.
• Transportation: Costs are comparable to other metro areas; public transit is available but often requires supplementary transportation.
• Taxes: Texas has no state income tax, easing the tax burden and increasing disposable income.

Housing Market

• Median Home Price: As of 2023, the median home price in Austin is significantly higher than the national median.
• Rental Market: Average rents are also above the national average, making renting comparable in cost to home ownership.
• Market Dynamics: The housing market is competitive, fueled by high demand from tech industry growth and a steady influx of new residents.

Quality of Life

• Tech Hub: Austin’s vibrant tech industry provides numerous job opportunities and contributes to a strong local economy.
• Cultural Scene: Known as the "Live Music Capital of the World," Austin offers a rich array of cultural and recreational activities.
• Outdoor Activities: Numerous parks and lakes provide ample opportunities for hiking, biking, and watersports.

Access to Healthcare

• Healthcare Facilities: Quality healthcare is accessible, with several top-rated hospitals and medical research centers.
• Insurance Costs: Health insurance and healthcare costs align with higher living expenses but remain accessible through employer plans.

Quality of K-12 Schools

• Public Schools: The Austin Independent School District offers a variety of high-performing schools with specialized programs.
• Private & Charter Schools: A number of competitive private and charter schools provide alternative education options.
• Educational Investment: The community demonstrates strong support for educational growth, leading to well-funded school programs.

Summary of Assessment

Living in Austin with a salary of $96,050 provides a comfortable lifestyle, though housing and rental expenses consume a larger portion of income compared to other regions. Despite a higher cost of living, residents benefit from no state income tax, a thriving job market, and robust cultural and recreational options. Access to quality healthcare and diverse educational opportunities further enhances the quality of life, making Austin an attractive place for professionals and families alike.