Cost of living index in Austin is 37.17% lower than in New York. Cost of living overview. For example, if the cost of living is 90, then it is 10% lower than average. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Summary about cost of living in Austin, TX, United States: Family of four estimated monthly costs are 2,888.21$ without rent (using our estimator). That may be great news for the local economy, but a tough pill to swallow for people shopping for a home. Austin is a moderately expensive place to live, but it also has comparably high wages to offset the cost of living. The cost of living index is based on a national average of 100. If you perform the same calculation with a cost of index below the national average of 100, you’ll get a negative number showing how much money you’ll save. Compare cost of living in Austin with factors like salaries, housing expenses, groceries, utilities and more. "The central location, affordable cost of living, highly educated workforce and supportive business climate have helped make Texas an epicenter for business activity and technology growth," said CEO A. William Stein in a press release last week The city boasts over 250 live music venues at festivals, parks, bars and even streets. Compare the Cost of Living in Austin, Texas against another US Cities and States. The median sale price for a single-family home in Austin is well above the national median. Texas consistently ranks as one of the nation's most favorable business climates based on its low tax burden and competitive regulatory environment. See what you'll need to earn to keep your current standard of living … Austin is one of the fastest-growing metro areas in the country. If the cost of living is 110, then it is 10% higher than average. Austin is a music lover’s paradise – as long as you don’t mind the possibility of renting an apartment next to aspiring rockers. For example, a cost of living index of 130 means it costs 30% more to live there as compared to the national average (130-100=30). Austin, Texas’s cost of living is 3% lower than the national average. Cost of living in Austin, Texas is cheaper than in 49% of cities in N. America (26 out of 53) Cost of living in Austin, Texas is more expensive than in 67% of cities in the World (67 out of 200) List of prices in Austin, Texas, United States. - Overall, San Jose, California is 79.8% more expensive than Austin, Texas - Median Home Cost is the biggest factor in the cost of living difference. Austin's considerably lower cost of living offers a nice reprieve from the sky-high costs in the Bay Area. In Texas, aggregate costs for real estate, energy, wages and taxes are below most states in the country. 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