New York, NY vs Austin, TX
Compare rent, home prices, and affordability for up to 3 US cities.
The Verdict
Austin, TX is cheaper — a 2-bedroom averages $1,949/mo versus $2,780/mo in New York, NY, 30% ($831/mo) less. Over a year that is $9,972 more in rent for the same size unit.
Income Needed
To rent a 2-bedroom without exceeding the 30% rule, you need about $111,200/year in New York, NY versus $77,960/year in Austin, TX — a $33,240 difference in required salary.
Home Prices
The median home costs $510,722 in Austin, TX versus $817,745 in New York, NY — 60% higher. Buyers priced out of New York, NY may find Austin, TX more attainable.
Select Cities (2/3)
New York, NY
Austin, TX
| Metric | New York NY | Austin TX |
|---|---|---|
| Studio Rent | $2,406 | $1,549✓ |
| 1BR Rent | $2,511 | $1,650✓ |
| 2BR Rent | $2,780 | $1,949✓ |
| 3BR Rent | $3,465 | $2,484✓ |
| 4BR Rent | $3,738 | $2,882✓ |
| Median Home Value | $817,745 | $510,722✓ |
| Price per sqft | — | — |
| Median Income | $97,334✓ | $97,638 |
| Income to Rent 2BR | $111,200/yr | $77,960/yr✓ |