Williamson County · Texas · South · 980k residents
Austin, TX: economy, jobs & business costs
The site-selection read on Austin: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,588/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Austin side by side
Avg. weekly wage
$1,588/wk
Corporate income tax
0%
Bachelor's degree or higher
59.6%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Austin's economy is moving, ranked against the US cities we track.
74/100
Heating
Ranks Austin's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $540,000 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.8% |
| 1-bedroom rent | $1,500/mo |
| 2-bedroom rent | $1,900/mo |
| State & local income tax | 0% |
| Sales tax | 8.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,588/wk |
| Bachelor's degree or higher | 59.6% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 21.9/1k |
| Wage: Software developer | $134,120 |
| Wage: Registered nurse | $97,890 |
| Wage: General manager | $117,850 |
| Wage: Customer service | $43,720 |
| Wage: Warehouse worker | $37,720 |
| Wage: Heavy truck driver | $57,110 |
| Wage: Electrician | $60,390 |
| Wage: Retail salesperson | $33,860 |
| Cost of living index | 107 |
| Groceries index | 97 |
| Utilities | $175/mo |
| Transit pass | $41/mo |
| Gas price | $2.95/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,350/mo |
| Median household income | $86,000 |
| Unemployment rate | 3.5% |
| Population | 980k |
| Crime index | 44/100 |
| School rating | 7.0/10 |
| Walkability | 42/100 |
| Disaster risk | 90/100 |
| Avg. commute | 27 min |
| Sunny days / year | 228 days |
| July high | 96°F |
| January low | 38°F |
| Annual snowfall | — |
| Home price YoY | -5.4% |
| Home price MoM | -0.6% |
| Rent YoY | -2.9% |
| Rent MoM | -0.3% |
| Employment (jobs) YoY | +2.6% |
| Building permits YoY | -5.8% |
| Ocean coast | 149 mi |
| Big lake | 12 mi |
| Mountains | 344 mi |
| Major airport | 22 mi |
| Ski resort | 512 mi |
Popular comparisons
Nearby
- Brushy Creek, TX · 20k
- Cedar Park, TX · 78k
- Round Rock, TX · 128k
- Pflugerville, TX · 66k
- Leander, TX · 74k
Similar size
- Fort Worth, TX · 963k
- El Paso, TX · 680k
- Dallas, TX · 1.3M
- San Antonio, TX · 1.5M
- Arlington, TX · 398k
Real listings in Austin
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Austin a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,588/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Austin, TX?
- Austin indexes at 107 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,900/mo and a median home value of $540,000.
- How much does a house cost in Austin?
- The median home value in Austin is $540,000 (compiled estimate; individual listings vary).
- How much is rent in Austin?
- A two-bedroom in Austin rents for about $1,900/mo.