Question: What is middle class income in Austin?

What is a middle class salary in Texas?

Popular ArticlesStateMiddle-class incomeMedian household incomeMinnesota$58,903$74,593Idaho$58,866$60,999Florida$58,833$59,227Texas$55,605$64,03446 more rows•Apr 16, 2021

What is the average household income in Austin TX?

$71,576 TablePopulationIncome & PovertyMedian household income (in 2019 dollars), 2015-2019$71,576Per capita income in past 12 months (in 2019 dollars), 2015-2019$43,043Persons in poverty, percent 13.2%54 more rows

What is a good salary for a single person in Austin?

That total was doubled to determine how much money a single person needs to earn if following the aforementioned budget. In Austin, the magic number to live comfortably is $53,225. In this scenario, $26,612 is required to pay yearly living expenses, leaving $15,967 for fun money and $10,645 for savings.

Is Austin Texas an expensive place to live?

How Expensive Is Living in Austin? Austin is a moderately expensive place to live, but it also has comparably high wages to offset the cost of living. The median home in Austin costs $347,000, which is far higher than the median in Texas ($185,000) or the U.S. overall ($238,000).

Does Austin have a good economy?

Austins Economic Outlook The economy in Austin still appears to remain strong despite cooling. A study by the National Association for Business Economics found that the U.S. economy will remain positive throughout the year 2020. This was down from the past estimated range of 6% to 6.5%. Austin continues to be strong.

How much do you need to live comfortably in Austin?

In Austin, the magic number to live comfortably is $53,225. In this scenario, $26,612 is required to pay yearly living expenses, leaving $15,967 for fun money and $10,645 for savings.

How much money do I need to make to live comfortably in Austin?

If you are a single adult, you must make at least $21, 470 to live comfortably in Austin. Two adults, with one working and one staying at home, with 3 children need to make at least $52,000 to maintain a realistic cost of living.

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