Austin is also one of the most expensive cities for single-family home rental prices, with No. Single-family rental homes are 40% more expensive than apartments across the country. The prices of single-family rental homes rose by 36%, while apartment rents rose by 4.7%. During the last census period, Central Texas became much more expensive with one of the highest increases in the cost of living in the country.
If you're considering joining the thousands of people who move to Texas every year, learn about the average cost of living in Austin and what it means for you. The city also has a low unemployment rate of 3.2%, which is higher than Texas overall (5.2%) and the United States overall (4.2%), suggesting that Austin is a good place to find work, especially if you work in a high-tech industry. The average price of gasoline is cheaper in Austin than in the entire United States and slightly less expensive than the average price in Texas. More than half of the people who live and work in the Austin area live outside the city, and many people travel to Austin for work.
North Central and Northwest Austin are among the most historic (and most expensive) neighborhoods to live in in Austin.