Savings rate in Austin — are you on track?
Austin is a high cost city. Austin rents rose over 30% between 2020 and 2023, erasing the cost advantage that drew migrants from coastal cities. Austin income levels grew with tech migration, but so did costs — the affordability advantage has largely been arbitraged away.
Median rent
$1,900/mo
Austin 2023
Typical other costs
$1,800/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Austin — adjust to your situation
What a good savings rate looks like in Austin
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a high cost city like Austin, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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