In 2007 the average cost of living in Austin was lower than the average cost of living nationwide. Still, Austin still ranks among the priciest cities to live in Texas. The National Association of Realtors reported that the median home price in Austin was $183,700 while the national median was $217, 800.
Facts and figures: Living in Austin:
- The median home age is 23 years. The median home value is $283,959.
- The median income is $48,703.
- The median age is 38 years.
- Unemployment is 4.2%.
- 1.2 million people live in Austin. The population is expected to pass 2 million in the next decade.
Austin rates a 101 on the cost of living index. This mean that living in Austin, Texas is 10% more expensive than the cost of living is 1 percent more than the average cost of living. Other major cities in Texas rate: Houston (74), Dallas (90), El Paso (79).
Austin proper is also home to the University of Texas, St. Edwards University, and Concordia. Austin is also very close to Texas State University (San Marcos) and Southwestern University (Georgetown).