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Texas consistently ranks as one of the nation’s most favorable business climates based on its low tax burden and competitive regulatory environment. In Texas, aggregate costs for real estate, energy, wages and taxes are below most states in the country.

Compared to other major business centers, Austin is well known for offering affordable living. The National Association of Realtors reports that the median home price in Austin was $187,400 in 2009 while the national median was $173,200.

Texas features no personal or corporate income tax, and overall the state has one of the lowest state and local tax burdens in the nation, ranking 47th among the 50 states in taxes paid per $1000 of personal income.

Cost of Living Index

Tax Burden

Kevin P. Scanlan

Your Austin Relocation Resource