Austin has been getting a lot of attention recently for its incredible food, outstanding live music, growing tech sector, and "weird" culture. The city has been featured on a variety of top 10 lists across the country, including best place live, best place to retire, as well as most affordable place to live.
Most recently the Austin rental market was voted as the fifth most affordable in the U.S., based on the average percent of monthly income spent on housing. The survey, conducted by a property management software company called AppFolio, found that Austinites only spend approximately 23 percent of their monthly income while renters in New York and Miami spend 50 percent, making these the two most expensive cities to rent in in the nation.
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