Salary Needed to Live in Austin as a Family
A family of four (2 adults, 2 children) needs approximately $63,600/year to live comfortably in Austin, TX — including 15% savings.
Comfortable Salary
$63,600
with 15% savings
Bare Minimum
$50,880
no savings buffer
Monthly Expenses
$3,180
8% above national avg
Detailed Monthly Budget for a Family in Austin
| Expense | Austin | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $212 | $209 | +1% |
| 🛒 Groceries | $61 | $44 | +39% |
| ⚡ Utilities | $26 | $28 | -7% |
| 🚗 Transportation | $46 | $44 | +5% |
| 🛡️ Car Insurance | $167 | $223 | -25% |
| 🏥 Health Insurance | $58 | $56 | +4% |
| Childcare/After-school | $1,344 | $1,200 | +12% |
| Internet + Phones | $202 | $180 | +12% |
| Children Activities | $280 | $250 | +12% |
| Dining Out | $392 | $350 | +12% |
| School Supplies & Clothing | $224 | $200 | +12% |
| Healthcare Co-pays | $168 | $150 | +12% |
| Total Monthly | $3,180 | $2,934 | +8% |
How We Calculated the Salary
Monthly expenses:$3,180
Target savings (15%):$701/mo
Monthly after-tax needed:$3,881
Effective tax rate:25%
Gross annual salary needed:$63,600
Other Household Types in Austin
Related Pages
FAQ
What salary does a family with kids need in Austin?
A family with kids needs approximately $63,600/year ($5,300/month gross) to live comfortably in Austin with a 15% savings rate.
How much is rent for a family with kids in Austin?
A 3br apartment/house in Austin costs approximately $212/month, which is the largest single expense at 7% of the total budget.
Is Austin affordable for a family with kids?
Austin is roughly average for family with kids costs, requiring a salary close to the national median.