Some of the more common grocery items and their average cost include the following: Grocery prices in Austin are around 12% less than the national average. But just how much can Austinites expect to spend on food?Īustin Average Food Costs Groceries in Austinįor groceries, Austin residents usually pay around $302 per month, though this varies according to household size. Austin has become well known for its food, especially its barbecue. This includes groceries bought at the store and meals purchased when eating out at local restaurants. The Cost of Food in AustinĪustin residents have access to near-endless delicious food options. When it comes to trash collection, Austin residents can expect to pay between $23.30 to $50.15 a month, depending on the size of the trash receptacle used. Car insurance in Austin ranges from a yearly rate of $1,224 to $2,330. Home insurance is another factor that residents must consider in Austin, with homeowners insurance policies costing between $230 and $2,000 a year, though the rate depends on the size and value of the home being insured. For residents wanting a landline in Austin, they should expect to pay around $30 a month. Likewise, cable TV plans in the Austin area vary between $65 and $140, depending on the package. Internet service in Austin ranges anywhere from $50 to $96 per month, depending on the provider used for around 60 Mbps or More, Unlimited Data, Cable/ADSL. For homes and apartments that use natural gas, the average monthly bill for Austin residents is approximately $3.29 per thousand cubic feet. The monthly cost of water usage in Austin can range from a little over $7 for a household with only one member to $35 or more for households with multiple members. As in many other places, the utilities residents must pay depend on whether they buy a home or rent an apartment or house.Įlectric bills in Austin run from around $60 a month in the winter to as high as $140 in the summer. Utilities are another cost that residents have to keep in mind while living in Austin. The price to rent a home with three or more bedrooms can range from $1,400 to upwards of $8,000 per month. Two-bedroom apartments can range from $1,200 to $4,000 per month. For studio apartments, renters should expect to pay between $450 and $1,800 per month, depending on the location.įor a one-bedroom, those looking to rent should expect to pay anywhere between $700 and upwards of $2,000 per month. Prices for renting a home or apartment in the Austin area depend primarily on the size of the residence. Homes in the southern part of Austin typically have lower prices than the homes in Central Austin. Some of the most desired homes in the city boast views of Lake Travis or the dazzling Downtown Austin skyline. When buying a home in Austin, homebuyers are presented with a wide range of prices a basic single-family home might cost around $300,000, while waterfront homes in West Austin can have prices that exceed $4 million. But when comparing the price of a home in Austin against what someone would pay in a city like Amarillo, Texas, Austin home prices are much higher. On the other hand, when comparing the price of a home in Austin to other cities in Texas, Austin appears to be less affordable.Ĭomparison of Median Housing Costs in Austinįor example, home prices in Austin are significantly lower than those found in such cities as Los Angeles or New York City. Housing prices in Austin are slightly below average when compared to other large cities in the U.S. Keep reading to learn all about the cost of living in Austin. And while it is more expensive to live in Austin, higher wages, a booming local economy, and a desirable array of perks and amenities make it well worth it for people moving to Austin. metro areas when it comes to the cost of living. on average.Īustin is ranked at 71 on a list of 500 U.S. This means that it costs residents of Austin $119.30 to buy the same amount of goods and services that cost $100 in the U.S. Overall, the cost of living in Austin is 119.3, which is 19.3% higher than the U.S. Plus, the city's nightlife is rated as above par, thanks to its live music scene, including two live music festivals held there each year - Austin City Limits and SXSW. Click the button below to speak to a real estate consultant!Īustin has been attracting many young professionals, and is well known as a technology hub, with many startups located in the city. We put the utmost care into our clients goals when buying, selling, or investing in real estate.
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