Austin is a highly populated city located in the state of Texas. The city has a population of 907,779 residents. If we look at the most recent Census, Austin is known to have a predominantly White population. The next two most common races are Black and Asian. Additionally, more than a quarter of the population of Austin are of Hispanic or Latino origin, and 24% of the population also speak Spanish. Austin tends to attract a younger crowd, as the median age of 32 is far below the national average. Austin has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 71% of the population is classified as married and 54% have kids.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Austin, Texas could be a positive experience for anyone who puts in the time to do the research required. Using the livability score which includes data from categories like amenities, crime, cost of living, weather, you can easily compare the best places to live in Austin and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Austin to Texas and the national average.
Austin has a livability score of 82/100 and is ranked #227 in Texas and #863 in the USA. Pack your bags! This is a very high score in comparison to other US cities. Living in Austin could be a great choice! The cherry on top is that Austin also ranks in the top 10 percent of all cities. For each of the livability categories, we know that Austin ranks very well for amenities (A+), weather (B+), education (A+) and housing (B+). There is at least one category that you should be aware of in Austin. The following was graded with a discouraging score: crime (D-) and cost of living (D).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Austin, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: State Capitol, Bob Bullock Texas State History Museum, and Barton Springs Pool.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Austin has an unemployment rate of 1.16% probably means that there are ample job opportunities for you to consider as it is far below the national average.
The average school test scores in Austin are 72%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Finding affordable real estate and apartments for rent in Austin can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
Austin real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Austin. Median real estate prices in Austin come in at $257,800, which is 80.7% higher than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Austin, the home price to income ratio is 4.2, which is 61.5% higher than the Texas average. Year over year appreciation rates for homes in the Austin area were 9.1% and the 5 year appreciation rates came in at 8.7%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.