Salary Needed to Live in Austin as a Single
A single adult living independently needs approximately $20,788/year to live comfortably in Austin, TX — including 10% savings.
Comfortable Salary
$20,788
with 10% savings
Bare Minimum
$18,016
no savings buffer
Monthly Expenses
$1,126
3% above national avg
Detailed Monthly Budget for a Single in Austin
| Expense | Austin | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $114 | $113 | +1% |
| 🛒 Groceries | $24 | $17 | +41% |
| ⚡ Utilities | $13 | $14 | -7% |
| 🚗 Transportation | $28 | $26 | +8% |
| 🛡️ Car Insurance | $167 | $223 | -25% |
| 🏥 Health Insurance | $58 | $56 | +4% |
| Internet | $73 | $65 | +12% |
| Phone | $95 | $85 | +12% |
| Dining & Social | $336 | $300 | +12% |
| Entertainment | $134 | $120 | +12% |
| Personal Care | $84 | $75 | +12% |
| Total Monthly | $1,126 | $1,094 | +3% |
How We Calculated the Salary
Monthly expenses:$1,126
Target savings (10%):$144/mo
Monthly after-tax needed:$1,270
Effective tax rate:25%
Gross annual salary needed:$20,788
Other Household Types in Austin
Related Pages
FAQ
What salary does a single person need in Austin?
A single person needs approximately $20,788/year ($1,732/month gross) to live comfortably in Austin with a 10% savings rate.
How much is rent for a single person in Austin?
A studio/1br in Austin costs approximately $114/month, which is the largest single expense at 10% of the total budget.
Is Austin affordable for a single person?
Austin is roughly average for single person costs, requiring a salary close to the national median.