New York, NY vs Austin, TX
Cost of living comparison · 2023 Census ACS data
Quick Summary
The unusual case here is that Austin wins on both housing and income simultaneously — 32% cheaper on a typical home and 13% higher on median household income than New York. Most city-to-city comparisons trade one for the other. Austin also has no state income tax, while the other state tops out at 10.9% — a meaningful annual difference at higher income levels.
Median Home Value
$751,700
$512,700 ✓
Zillow Home Value
$812,534
$500,627
Median Gross Rent
$1,779/mo
$1,655/mo ✓
Owner Occupied %
32.8%
44.4%
Price-to-Rent Ratio
35.2x
25.8x
Median Household Income
$79,713
$91,461 ✓
Per Capita Income
$50,776
$59,427
Unemployment Rate
7.7%
4.5% ✓
Poverty Rate
17.4%
12.3%
Avg Commute (min)
44.8 min
25.9 min
Drove Alone %
21.9%
58.8%
Public Transit %
45.5%
2.1%
Work From Home %
15.0%
27.5%
State Income Tax
10.9%
None
Total Sales Tax
8.5%
8.2% ✓
Property Tax Rate
1.7%
1.7%
Bachelor's Degree %
23.6%
36.2%
Median Age
38
34.5
Avg High Temp
62.6°F
80.5°F
Annual Precipitation
49.5"
36.2"
Annual Snowfall
29.8"
0.2"
New York, NY 0 wins
Austin, TX 5 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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