Austin is a moderately-sized city located in the state of Minnesota. The city has a population of 24,841 residents. According to the most recent Census, 88% of Austin residents are White, 5% Black and 3% Asian. Austin is known to be family friendly as more than 72% of the population has already tied the knot. It might also be worth noting that 62% of residents also have children under the age of 18.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Austin could be a positive experience compared to other cities in Minnesota if you know where to search. With useful information like crime, cost of living, weather, education, employment and other key data points, finding the best places to live in Austin and in the areas around Austin is a much easier task.
Using data and statistics Austin has received a livability score of 70 out of 100. This score is ranked in the 63rd percentile when compared to all other cities. If we probe a little deeper into each category within the livability score, we see that Austin has higher than average scores for the following: amenities (A+), crime (B-) and cost of living (B+). There is at least one category that does not have great scores in Austin. The following was graded with a disappointing score: weather (F), education (D-), employment (D) and housing (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 interesting things to do and attractions include: Spam Museum and Visitor Center, J.C. Hormel Nature Center, and Healing Palms Spa.
Assuming that Austin meets all of your requirements, the next most important item to examine is the affordability of real estate in Austin. Everything else becomes a lot less important if it turns out that home prices in Austin are simply unattainable. Median real estate prices in Austin come in at $98,600, which is 48.5% lower than the Minnesota 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 2.2, which is 26.7% lower than the Minnesota average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Austin will offer some insight into determining if your home purchase will be a solid investment for years to come. In Austin, the year-over-year appreciation rates were 15.4%, and the 5 year appreciation rates came in at 4.1%.