Austin, TX
Population 967,862 · Texas
About Austin, TX
Austin is a major city located in Texas with a population of 967,862 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,461 per year, which is 22% above the national median of $75,149. The median age of 34.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Austin features a median home value of $512,700, which is 109% above the national median of $244,900. This places Austin in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,655, 42% above the national average of $1,163/month. Of the 466,428 total housing units, 44% are owner-occupied (195,678 units) and 56% are renter-occupied (244,616 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Austin shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Austin have an average one-way commute time of 24 minutes.
Education & Demographics
58.2% of Austin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 23.7% White, 2.3% Hispanic or Latino, 1.0% Black or African American, and 6.7% Asian residents, with 18.1% of the population being foreign-born.
How Austin Ranks in Texas
Cost of Living in Austin, TX
Compared to national averages, Austin has a median household income of $91,461 (22% above the national median of $75,149). Home values average $512,700, which is 109% above the national median. Monthly rent at $1,655 is 42% above the US average of $1,163. Within Texas, Austin's income is 26% above the state average of $72,726, and home values are 142% above the state median of $211,769.
Why Live in Austin, TX?
Austin offers a strong local economy with a median household income of $91,461, well above the national average, and a well-educated community where 58.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 12.3%, better than the national average. Additionally, the city features short commute times averaging just 24 minutes.
Potential considerations include a competitive housing market where the typical home costs $512,700. However, as a major city, Austin provides access to a wide range of amenities and services.
Austin has a population of 967,862 with a median age of 34.5 years. Compare Austin with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Austin
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fort Worth | 941,311 | $76,602 | $277,300 | Compare |
| El Paso | 678,147 | $58,734 | $171,700 | Compare |
| Dallas | 1,299,553 | $67,760 | $295,300 | Compare |
| San Antonio | 1,458,954 | $62,917 | $219,700 | Compare |
| Arlington | 394,769 | $73,519 | $276,400 | Compare |
| Corpus Christi | 317,383 | $66,325 | $197,100 | Compare |
| Plano | 287,339 | $108,649 | $440,600 | Compare |
| Lubbock | 261,078 | $60,487 | $197,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Austin With Other Cities
Frequently Asked Questions about Austin
What is the population of Austin, TX?
The population of Austin, TX is 967,862 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Texas.
What is the median household income in Austin?
The median household income in Austin, TX is $91,461 per year, which is 22% above the national median of $75,149.
What is the median home value in Austin?
The median home value in Austin, TX is $512,700, which is 109% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Austin?
The median monthly rent in Austin, TX is $1,655, which is 42% above the national average of $1,163/month.
What is the unemployment rate in Austin?
The unemployment rate in Austin, TX is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Austin, TX a good place to live?
Austin offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 967,862 and a median age of 34.5, the city appeals to young professionals and families.
How educated is Austin, TX?
58.2% of residents in Austin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Austin?
Key cost-of-living indicators for Austin, TX: median home value is $512,700 (109% above national), median rent is $1,655/month, and median household income is $91,461. The home-value-to-income ratio is 5.6x, a moderate figure by national standards.
What is the poverty rate in Austin?
The poverty rate in Austin, TX is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Austin, TX?
Austin's population is 23.7% White, 2.3% Hispanic or Latino, 1.0% Black or African American, 6.7% Asian, and 7.2% two or more races. 18.1% of residents are foreign-born.