New York City vs Austin
Side-by-side cost of living comparison for 2026
New York City
Austin
💡 The Verdict
43% cheaper
Austin is 43% more affordable than New York City. A $75,000 salary in New York City is equivalent to $42,914 in Austin.
Category-by-Category Breakdown
Index values shown. National average = 100. Lower is cheaper.
💰 Salary Equivalence
To maintain the same standard of living:
See exact take-home pay: New York salaries · Texas salaries
Living in New York City vs Austin
Housing is typically the biggest factor in any cost-of-living comparison. New York City has a housing index of 302 while Austin sits at 123 (national average = 100). The median home in New York City costs $680,000 compared to $430,000 in Austin, a difference of $250,000. Monthly rent follows a similar pattern: $3,200 in New York City versus $1,700 in Austin.
Groceries and everyday expenses show a notable difference: New York City scores 109 while Austin scores 96.
Healthcare costs in New York City (108) are higher than Austin (97).
Median household income in New York City is $67,046 compared to $75,413 in Austin. When adjusted for cost of living, income goes further in Austin.
Relocating: New York City vs Austin
If you are considering a move between New York City (index: 187) and Austin (index: 107), the 43% cost difference has real implications for your budget. Austin is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.
Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in New York City can afford $1,564/month, while the median household in Austin can afford $1,760/month. With median homes at $680,000 in New York City versus $430,000 in Austin, the higher-cost city presents significant affordability challenges.
Renting vs buying: At $3,200/month in New York City and $1,700/month in Austin, renters save significantly in Austin. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.
Income adjustment: A $75,000 salary goes significantly further in Austin. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.
Reading These Numbers: New York City (187) vs Austin (107)
The cost of living index uses 100 as the national average. New York City at 187 is 87% above the US average, while Austin at 107 is 7% above average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.
The 80-point spread between New York City (187) and Austin (107) is large enough to reshape a household budget entirely, especially for single-income families. The biggest category divergence is housing, where New York City scores 302 and Austin scores 123. That 179-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Austin with indices of 123 versus 302. Median home prices of $680,000 in New York City and $430,000 in Austin underscore this gap.
For renters: With median rents of $3,200/month in New York City and $1,700/month in Austin, the annual rent difference is approximately $18,000. Over a 5-year period, that compounds to $90,000 in savings by choosing the more affordable city.
For homebuyers: The $250,000 difference in median home prices between New York City and Austin translates to roughly $15,000 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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