Median rent is 15% lower in Austin ($1,655/mo vs $1,946/mo). Buying is cheaper in Austin, where the median home runs $512,700 versus $621,700. Households earn more in Castle Rock ($143,031 vs $91,461 a year).
City A
Austin, TX
City B
Castle Rock, CO
How much would you need to earn in Castle Rock, CO to maintain your standard of living from Austin, TX?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Austin
Texas
Castle Rock
Colorado
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Austin at $1,655/mo compared to $1,946/mo in Castle Rock (15% gap). Median home values are within 18% of each other: $512,700 in Austin and $621,700 in Castle Rock.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while Colorado tops out at 4.40% — giving Austin a clear advantage for high earners. Sales tax is 6.25% in Texas and 2.90% in Colorado; Castle Rock has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Castle Rock
Income tax: 4.40%
Sales tax: 2.90%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Castle Rock.
Pick Castle Rock if you prioritize higher median household income ($143,031/yr).
Pick Austin if you prioritize cheaper rent ($1,655/mo median).
Pick Austin if you prioritize no state income tax.
Is Austin cheaper than Castle Rock?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Castle Rock?
Median rent is $1,655/mo in Austin, TX and $1,946/mo in Castle Rock, CO. Austin, TX has the lower rent by about 15%.
Which has higher salaries — Austin or Castle Rock?
Median household income is $91,461 in Austin, TX and $143,031 in Castle Rock, CO. Castle Rock, CO has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Austin or Castle Rock?
Texas has no state income tax. Colorado has a top rate of 4.40%.
What salary do I need in Castle Rock to match my Austin income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology