Salary & Cost of Living in Austin, TX
Austin, TX: $75,000 median salary, cost of living index 110, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$75,000
$36/hr
Cost of Living
110
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.5%
rate
Austin, TX Overview
Population
978,908
Median Salary
$75,000
Average Salary
$84,000
Avg Commute
26 min
Median Home Price
$450,000
Median Rent
$1,700/mo
Job Growth
+3.5%
Sales Tax
8.25%
Austin is located in Texas with a population of 978,908. The median household salary is $75,000 per year ($36/hour), which is $15,616 above the national median of $59,384. The average commute time is 26 minutes, and the city has a job growth rate of +3.5%.
Austin Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Austin, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$61,149
$5,095.71/month · $2,351.87/biweekly · Effective Rate: 18.5%
Gross Pay
$75,000
Federal Tax
-$8,114
State Tax
$0
Local Tax
$0
FICA
-$5,738
Net Pay
$61,149
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,250.00 | $75,000.00 |
| Federal Income Tax | -$676.17 | -$8,114.00 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$387.50 | -$4,650.00 |
| Medicare (1.45%) | -$90.63 | -$1,087.50 |
| Net Take-Home Pay | $5,095.71 | $61,148.50 |
Salary Comparison: Austin vs Other Cities
See how Austin's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Austin, TX | $75,000 | 110 | $68,182 |
| National Average | $59,384 | 100 | $59,384 |
| Annapolis, MD | $75,000 | 125 | $60,000 |
| Rochester, MN | $75,000 | 100 | $75,000 |
| Bloomington, MN | $75,000 | 105 | $71,429 |
| Los Angeles, CA | $75,200 | 166 | $45,301 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Austin
Austin's cost of living index is 110 (national average = 100). Living in Austin is 10% more expensive than the national average.
Median Home Price
$450,000
Median Monthly Rent
$1,700
Annual Rent Cost
$20,400
Your Salary's Purchasing Power
Your $61,149 annual take-home pay in Austin has the purchasing power of approximately $55,590 in an average-cost US area. You would need to earn $82,500 in Austin to match a $75,000 salary in an average-cost city.
Top Industries in Austin
Austin's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $75,000.
Salary Tips for Austin Workers
- No state income tax advantage. Texas has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Austin's top industries include Technology, Government, Education. Targeting roles in these sectors can help you earn above the $75,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Austin, TX?
The median salary in Austin, TX is $75,000 per year, or $36 per hour. The average salary is $84,000. This is $15,616 above the national median of $59,384.
What is the cost of living in Austin, TX?
Austin's cost of living index is 110 (national average = 100), meaning it is 10% more expensive compared to the national average. The median home price is $450,000 and the median monthly rent is $1,700.
What are the best industries in Austin?
The top industries in Austin, TX include Technology, Government, Education. The city has a job growth rate of 3.5% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $75,000.
How does Austin's salary compare to other cities?
Austin's median salary of $75,000 is 26.3% above the national median of $59,384. However, when adjusted for cost of living (index: 110), the real purchasing power is approximately $68,182.
What is the minimum wage in Austin, TX?
The minimum wage in Austin, TX is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.