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Austinites need to make $5 more per hour to live than the average Texan

(Pexels)

It costs more than $5 more per hour to live in Austin than the average Texan, according to the 2022 Out of Reach report.


Released by the National Low Income Housing Coalition, the report breaks down the cost of living in all 50 states. The Austin-Round Rock metro is ranked most expensive in Texas.

While the average Texan needs to work full-time, making a minimum of $22.54 per hour, to afford a two-bedroom rental or apartment. In Austin, that number jumps to $27.90 per hour—about $58,040 annually—to afford rent of $1,451 per month, or Fair Market Rent.

Around 41% of Austin residents are renters, making an estimated $26.69 hourly, while area rent sits almost $300 more than the $1,172 state average. With the average Austin income, $1,388 is affordable rent.

It seems anything Travis County touches has inflated in price, as Williamson, Hays, Bastrop and Caldwell counties are also on the rise.

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