Texas city guide

Housing Costs and Affordability in Austin, Texas

Austin has about 979,539 residents. Median gross rent is $1,729 per month, while median household income is $93,658.

Quick answer

What income supports the median rent?

A household would need about $69,200 per year to keep Austin's median gross rent near 30% of gross income. The current citywide median-rent-to-median-income benchmark is 22%.

Moderate housing-cost benchmark

Data scope: figures use 2020-2024 ACS 5-Year estimates. The latest official release was checked Aug 01, 2026 at 03:00 UTC. The benchmark compares citywide medians and is designed for broad relocation research, not an individual budget or a live apartment search.

Personal rent check

Test Austin rent against your income

Enter gross annual household income to compare a 30% monthly housing target with the citywide median gross rent.

Your result will appear here.

Median gross rent$1,729/mo4% above the dataset median90% MOE ±$14
Income for 30% rent target$69,200Gross annual household incomeDerived MOE ±$600
Median household income$93,65812% above the dataset median90% MOE ±$1,670
Median home value$555,30048% above the dataset median90% MOE ±$8,017
Owner-occupied homes43%Share of occupied units
Home value-to-income5.9xMedian value ÷ income

High estimate precision Margins of error use the Census ACS 90% confidence level. Smaller geographies and subgroups can have wider uncertainty.

Major-city decision brief · Priority city 10 of 30

What stands out for a move to Austin

Four signals derived from the same Census dataset help separate the renting, buying and ownership picture.

  1. 01

    Income versus the rent target

    Median household income is $24,458 above the $69,200 income associated with median rent at 30%. That is a citywide cushion, not a promise that a specific household or apartment will fit.

  2. 02

    Rent position inside Texas

    Austin ranks #109 from lowest to highest rent among 162 covered Texas cities. Its rent is 4% above the dataset median across the full 10-state dataset.

  3. 03

    Buying requires a different scale of income

    Median home value equals 5.9x median household income, 38% above the dataset median. This ratio does not include rates, down payment, property tax, insurance or maintenance.

  4. 04

    Ownership is one part of the local housing mix

    43% of occupied homes are owner-occupied, 31% below the dataset median. The remaining share includes renter-occupied housing and should not be read as current inventory availability.

Direct comparisons

Compare Austin with another city

How Austin compares

Median rent is 4% above the dataset median, while household income is 12% above the dataset median. Within Texas, Austin ranks #109 from lowest to highest rent and #59 from highest to lowest household income among 162 cities in the current dataset.

The citywide rent-to-income benchmark is between 20% and 25%. This benchmark is useful for comparing cities under one formula, but households with different incomes, unit sizes or debt loads will experience costs differently.

Renting snapshot

$20,748 in annual median rent

Twelve months of median gross rent totals about $20,748. Gross rent includes contract rent plus estimated tenant-paid utilities where applicable in the ACS definition.

Buying snapshot

26.8x price-to-rent baseline

Median home value is about 26.8x annual median rent. This is a broad market comparison and does not include mortgage rates, taxes, insurance or maintenance.

Search terms, defined

How to read rent, home price and AMI searches

These distinctions keep the Census estimates comparable and prevent a historical survey measure from being mistaken for a live market quote.

Average rent vs. median gross rent
If you searched for the average rent in Austin, the closest consistent Census measure on this page is $1,729 median gross rent. It is the midpoint among renter-occupied homes, not a live average asking rent. Gross rent includes contract rent plus estimated tenant-paid utilities where applicable.
Home price vs. median home value
The reported $555,300 median home value is the midpoint of owner estimates for owner-occupied homes. It is not an average sale price, listing price or current automated valuation.
Household income vs. AMI
The $93,658 median household income is a Census city estimate. It is not HUD Area Median Income (AMI), an AMI eligibility limit or an affordable-housing contract amount.

Keep comparing

Similar-size cities in Texas

Questions people ask

What is the median rent in Austin?

Median gross rent is $1,729 per month in the 2020-2024 ACS 5-Year estimates.

What is the average rent in Austin?

This page reports Census median gross rent of $1,729 per month, not a live average asking rent. Median is the midpoint among renter-occupied homes; gross rent includes contract rent plus estimated tenant-paid utilities where applicable.

What income is needed for the median rent?

A gross household income of about $69,200 per year would keep median gross rent near 30% of income. This is a planning benchmark, not a landlord qualification rule.

Is housing affordable in Austin?

The citywide median-rent-to-median-income benchmark is 22%, which this site labels a moderate housing-cost benchmark. Individual costs can differ substantially.

Does this page report Area Median Income or AMI?

No. The $93,658 figure is Census median household income for the city. It is not HUD Area Median Income, an AMI limit or an affordable-housing contract amount.

What is the median home value in Austin?

The median value of owner-occupied homes is $555,300 in the 2020-2024 ACS 5-Year estimates.

What is the average home price in Austin?

This page reports a Census median owner-occupied home value of $555,300, not an average sale price, current listing price or real-time market estimate.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Latest release checked Aug 01, 2026 at 03:00 UTC. Review the definitions and methodology.