Cost of Living in Austin, IN
Population 3,588 · Indiana · Data vintage 2023
(100 = US avg)
Austin's median household income of $30,473 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (18% here).
Located 40 miles north of Louisville/Jefferson County metro government (balance), Austin falls within that metro's commuting orbit. Median home values run roughly 60% lower than Louisville/Jefferson County metro government (balance)'s $222,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Austin
The median home value in Austin is $88,000 — 71% below the national median of $305,000. Median rent runs $698/month, 47% lower than the national median of $1,314/month. The median household income of $30,473/year is 59% lower than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Austin has a cost of living index of 39 versus the US average of 100, meaning it is 61% less expensive.
Austin has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Austin, IN?
Austin has a cost index of 39 (100 = national average). It is 61% below the national average.
What is average rent in Austin, IN?
The median gross rent in Austin is $698 per month based on 2023 Census data.
What is the average home price in Austin?
The median home value in Austin is $88,000 according to Zillow and Census data.
What is the median income in Austin?
The median household income in Austin is $30,473 per year (2023 ACS 5-year estimates).
What is the sales tax in Austin, IN?
The combined state and local sales tax rate in Austin is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Austin, IN affordable?
Yes, Austin is generally considered affordable, with a cost of living index of 39 — about 61% below the US national average of 100.
Austin at a Glance
- Population
- 3,588
- Median Income
- $30,473
- Home Value
- $88,000
- Median Rent
- $698/mo
- Unemployment
- 3.1%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
Similar Cost Cities
Cities in other states with comparable housing costs