Living Wage in Austin, how much? If you are interested in living in a city with a high cost of living, but a good living wage, you will want to check out the city of Austin. This is a great city to live in, as the average salary here is higher than many other cities across the country.
Average salary in Austin
Several months ago, Austin City Council members passed a resolution supporting a higher living wage for city employees. They also urged City Manager Spencer Cronk to develop a plan to increase the minimum wage for all employees to $22 per hour.
The new wage would be applied to sworn and civilian positions. It would include a cost stipend and a 4% across-the-board increase. It would also apply to temporary City employees.
Currently, the Austin minimum wage is $7.25 per hour for those working at least 20 hours a week. It is lower than the national average for those working more than 40 hours a week.
The median monthly rent in Austin is $1,442. A two-adult household with one child would need to spend $121,490 in order to afford a comfortable lifestyle in the capital.
Healthcare costs are on par with the national average. A single adult without children will spend $5,586 on transportation in Austin over the course of a year.
Gasoline prices are a bit lower in Austin, at around $2.75 a gallon. The Austin Police Retirement System offers information on their Deferred Compensation Plan.
In addition to housing and transportation, the average Austin resident has to make up for other costs. A single adult will spend $8,390 in food and utility bills, while a family of four will need $15,223 for the same.
Average salary in smaller parts of the country
A cursory search on Google and Bing for the best living wage in Austin uncovered a couple of interesting nuggets. One is the fact that the cost of living in the city is much lower than the rest of the country. The other is the fact that Austin has some of the lowest utility rates in the country. For example, it costs about 12 percent less to heat and cool your home than the national average.
This isn’t to say that Texas residents have to make do with sub-par living standards. But, given the fact that there isn’t a shortage of low-skilled workers in the state, it’s important to keep in mind that the cost of living is a major factor in the quality of life. The best way to combat this is to encourage economic growth and diversify the local workforce. Luckily, Austin City Council has been doing its part to improve the lot of its employees, from the lowly to the high-rollers. Boosting the minimum hourly wage is one of the steps the city is taking towards that goal. The latest budget approved on August 19, 2018 contains an increase to the local minimum wage. The council is expected to vote on a permanent increase later this month.
Most affordable cities in the U.S.
There are a number of reasons why people are looking for affordable cities to live. They want to have a better lifestyle. They are also moving in droves.
The most affordable cities for young adults are often located in the Midwestern states. These cities are known for their lower housing costs and low transportation costs. These are ideal choices for newly graduates.
The most expensive cities are those located on the east coast. However, there are still a few great options for young Americans in the U.S.
While a city like Chicago might be more costly to live in, it has a lower cost of living. If you’re looking for a place that is affordable, consider Indianapolis. This city offers affordable restaurants, entertainment, parks, and hotels. It is a great place for families to live.
Considering the recent economic downturn, many people are looking for more affordable cities to move to. According to the recent study conducted by GoodHire, these places offer the most value for the money. It weighed seven factors to determine which cities are the most affordable.
Some of the most popular cities include Charleston, SC, Sioux Falls, SD, and Huntsville, AL. All are located in the United States. Each city is ranked based on the factors listed below.
