New York vs. Austin
New York, NY · Austin, TX
Austin is 35% cheaper than New York overall.
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Home Price
NY: $750,000
TX: $500,000
Monthly Rent
NY: $3,600/mo
TX: $1,300/mo
COL Index
NY: 187
TX: 121
Median Income
NY: $76,607
TX: $83,800
Side-by-Side Comparison
Median Home Price
Monthly Rent (Median)
Median Household Income
Property Tax Rate
Cost of Living Index
100 = national average
Avg. Commute
Unemployment Rate
Median Age
What This Means For You
Headline insight
Buying Power
A $100,000 salary in New York has the same purchasing power as $64,706 in Austin— based on each city's cost of living index.
Housing
Homes in Austin cost 33% more (-$250,000 extra). Expect a larger mortgage and down payment.
Renting
Renting in Austin saves $2,300/month — $27,600 per year. Median rent: $3,600/mo in New York vs $1,300/mo in Austin.
Property Taxes
On a median-priced home, New York owners pay roughly $12,750/year vs $9,000/year in Austin. That's a $3,750 annual difference.
Local Earnings
Median household income is $76,607 in New York and $83,800 in Austin. New York residents earn 9% more — but factor in cost of living.
Daily Commute
Average commute is 36 minutes in New York vs 27 minutes in Austin. Over a year, that's 4500 extra minutes (75 hours) of commuting in New York.
Salary Equivalence
To maintain the same lifestyle when moving from New York to Austin, here's the salary you'd need:
| Salary in New York | Equivalent in Austin | Difference |
|---|---|---|
| $50,000 | $32,353 | -$17,647 |
| $75,000 | $48,529 | -$26,471 |
| $100,000 | $64,706 | -$35,294 |
| $150,000 | $97,059 | -$52,941 |
| $200,000 | $129,412 | -$70,588 |
* Calculated using cost of living indices (national average = 100). Does not account for state income tax differences.
Run the Numbers
Mortgage Calculator
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Rent vs Buy
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Cost of Living
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Home Appreciation
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Affordability Calculator
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Property Tax Calculator
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New York Calculators
Austin Calculators
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New York vs Austin: Common Questions
Is New York or Austin cheaper to live in?
Based on cost of living indices, Austin is cheaper overall. New York has a COL index of 187 while Austin scores 121 (national average = 100).
How do home prices compare between New York and Austin?
The median home price in New York is $750,000 vs $500,000 in Austin — a difference of $250,000 (33%).
What salary do I need in Austin to match my New York income?
Use the salary equivalence table above. For example, a $100K salary in New York is equivalent to $64,706 in Austin in terms of purchasing power.
Which city has lower property taxes?
New York has a lower property tax rate (1.7% vs 1.8%). On a median-priced home, that means paying $9,000/year vs $12,750/year.
How does rent compare in New York vs Austin?
Median monthly rent: $3,600 in New York vs $1,300 in Austin. Annualized: $43,200 vs $15,600.
What is the median household income in each city?
New York: $76,607/yr. Austin: $83,800/yr (Census ACS).
Which city is better for remote workers?
Lower-cost Austin typically lets remote-workers keeping a coastal salary stretch further. Higher-cost cities usually win on amenities and labor-market depth.
Where does the data on this comparison come from?
Numbers are pulled from Zillow ZHVI/ZORI (home values, rent), the U.S. Census Bureau ACS (income), and BEA RPP (cost-of-living index). Each value is timestamped on the page.
How often is this comparison updated?
Source feeds refresh on their native cadence — hourly for mortgage rates, monthly for ZHVI/ZORI, annually for ACS. Page caches revalidate every 24 hours via Next.js ISR.
Does this comparison replace tax or financial advice?
No. This page is educational reference using public data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for material decisions.
Sources & Citations
- Zillow Research — Zillow Home Value Index (ZHVI) and Observed Rent Index (ZORI) — zillow.com/research/data
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income, median age, commute time — census.gov/acs
- Bureau of Economic Analysis — Regional Price Parities (RPP) by state and metro — bea.gov/rpp
- Tax Foundation — effective property tax rates and state tax rates — taxfoundation.org
- U.S. Bureau of Labor Statistics — unemployment rates and regional CPI — bls.gov
- Council for Community and Economic Research (C2ER) — Cost of Living Index — coli.org
Methodology & Assumptions
City-level metrics (median home price, median rent, median household income, property tax rate, COL index, commute, unemployment, median age) are sourced from Zillow ZHVI/ZORI[1], Census ACS 5-year estimates[2], BEA Regional Price Parities[3], Tax Foundation[4], and BLS Local Area Unemployment Statistics[5].
The Cost of Living Index uses 100 = national average (C2ER methodology[6]): values above 100 indicate a city is more expensive than the national average, below 100 less expensive.
Salary equivalence uses the ratio adjustedSalary = salary × (colDestination / colOrigin). This accounts for cost-of-living differences but does not model state income tax variation, which can be significant.
Annual property tax is computed as medianHomePrice × propertyTaxRate. Actual assessed value may differ from sale price. Effective rates vary within a metro; these are metro-wide medians.
Commute-hours calculations assume 250 working days/year and a round-trip commute. "Tied" in the comparison table means values within ±1% of each other.
Last reviewed reflects the maximum retrievedAt timestamp across every sourced dataset feeding this page. When any source refreshes, the next ISR revalidation (every 24 hours) picks the new date.
Cost of living data sourced from [6] C2ER, [2] U.S. Census Bureau, and [1] Zillow Research. Tax rates from [4] Tax Foundation. Last reviewed .