Real Austin local data included.
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In Austin where average 1-bedroom rent is $1,650/month and the living wage is $24.38/hour, building a savings cushion requires careful planning. This calculator helps Austin residents set realistic savings targets based on local financial realities.
Use Texas Savings Calculator →| Data Point | Austin | US Average |
|---|---|---|
| Regional Living Wage | $24.38/hr | $21.50/hr |
| Avg 1BR Rent | $1,650/mo | $1,500/mo |
| Cost of Living | 18% above average | Baseline |
| Minimum Wage | $7.25/hr | $7.25 federal |
| State Income Tax | 0.0% | 5.1% avg |
Texas Income Tax 2026 • Texas Savings Calculator • Calculators