Surprise! Austin is a great place to live, and now you can prove it.
According to a study by Numbeo, Austin currently has the third-highest quality of life index in the nation, first in Texas and sixth across the entire world. The study measures purchasing power, safety, health care, cost of living, property price, traffic commute, pollution and climate.
Topping the list, Australians enjoy the highest quality of life in the world, with Canberra and Adelaide (Austin's sister city) claiming the first and third slots, respectively. Only two U.S. cities topped Austin: Raleigh and Charlotte, North Carolina.
As for purchasing power, the top three spots in the world were secured by all Texas cities: Dallas followed by Houston and Austin. With a score of 155.45, Austinites have the agency to spend but the city starts running into trouble when you look at the cost of living index.
Austin tanked when it came to cost of living, coming in 138th place with a score of 65.98—lower than every other Texas city except Dallas, which placed 140th. Austin dropped even further when it came to property price to income ratio, just a few slots away from the bottom of the list.
For property price to income ratio, Detroit came in first with a score of 1.44, the lower the better in this category. Austin ranked the least affordable city in Texas at 29th place with a low score of 3.45. Austin was among the ranks of Chicago and Philadelphia.
It also turns out that Austinites have a justified excuse to complain about traffic congestion—according to the study, Austin has the 131st worst traffic out of 249. But it could be worse, Houston and Dallas suffer more congestion than Austin.
Austin definitely has some room for improvement when it comes to pollution, where it came in 76th place. You'll have to tell that to the rest of the cities in Texas, which came in much lower. Dallas hit 98th place, San Antonio came in 111th and Houston was 148th.
Although nearly all Texas cities fell to the middle of the list for the climate index, Houston has the best climate in Texas according to the list, in 90th place, followed by Austin in 119th, Dallas in 121st and San Antonio in 131st place.
So next time you wonder if Austin is losing its charm, remember that it is one of the happiest places in the world to live!
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So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!
Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
Camp Fimfo Waco
Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
Right now, you can get the fourth night FREE when you book three nights with the promo code BONUS! Check out the Offers page for full details and more promo codes!