How Austin’s Housing Market Compares To Living In The Midwest
by Alex Lewis
on Monday, July 31st, 2017 at 7:30am.
Locals are the first to brag about the experience of living in Austin, Texas. Their happiness has spurred a migration of families from every corner of the country who couldn’t resist all that is offered in this slice of the Hill Country.
New families come to Austin every day. The healthy lifestyles, booming job market, year-round warm weather, and renowned cuisine is enough to incentivize people to try Austin for themselves.
As real estate agents, we know that exciting and tasty motivations are not all that gets factored into a move. Choosing the next city to call home is a decision that considers job possibilities, housing costs, and more. To help families looking for their next home, we devoted this blog series to compare Austin real estate to other major cities across the country.
With the help of bestplaces.net, here’s what we found out about how Midwest cities compare to Austin’s cost of living:
Cost Of Living In Chicago, IL vs Austin, TX
Chicago is a less expensive place to live than Austin, but not by much. “Austin is 6% more expensive than Chicago,” says the bestplaces.net. And looking at the numbers, the cities go back and forth between which details are more expensive than the other. Transportation and food, for example, are far more expensive in Chicago than Austin. Housing is where Chicago takes a big leap in its affordability.
Cost Of Living In Indianapolis, IN vs Austin, TX
Indianapolis and Austin also have similar costs of living to one another. The numbers – except for housing – are comparable to one another in almost every respect. Whether you choose to be a Hoosier or an Austinite, it looks like your reasons for moving to one city or the other will need to weigh different factors. If you need an outsider’s opinion: we could not recommend Austin more.
Cost Of Living In Columbus, OH vs Austin, TX
Almost across the board, Austin is more expensive than Columbus. Bestplaces.net says “Austin is 39% more expensive than Columbus,” and that “Housing is 149% more expensive in Austin”. Those are some steep numbers. Columbus is the more affordable place, but have you tried Austin’s breakfast tacos?
Cost Of Living In Detroit, MI vs Austin, TX
The housing numbers from Detroit will not surprise too many people who’ve paid attention to the news in recent years. Detroit’s housing market has endured hard times that have caused the cost of homes to fall to almost nothing. Austin, of course, is far costlier than Detroit. $10,000 homes are easy to find in Detroit, so if you’re looking for a low-cost investment, do some research about the area.
The city can be dangerous and job security is difficult to come by. If you want a remarkably low cost of living, Detroit is an option that might appeal to you. But if you’re looking for a safe place to have a job and raise a family, Austin’s hospitality will cater nicely to needs.
Cost Of Living In Milwaukee, WI vs Austin, TX
As is the case of most cities on our list, Milwaukee and Austin proved very similar numbers across the chart, until you find the Housing category. Austin’s high demand for housing in the past several years has inevitably caused our real estate costs to climb. The competition for local housing has resulted in a generous appreciation for property owners but has simultaneously taken Austin out of the affordable leagues of many cities in the Midwest.
If you’re in the market for a lower cost home, the Midwest offers beautiful cities you will enjoy. But if you’ve read and heard the great reviews that consistently come from Austin, then maybe it’s time you came to Texas to find out what all the fuss is about. Give Austin a try. It’s a choice you’re sure to love!