Median rent is 23% lower in Dearborn ($1,327/mo vs $1,729/mo). Buying is cheaper in Dearborn, where the median home runs $218,800 versus $555,300. Households earn more in Austin ($93,658 vs $65,324 a year). Taken together, Dearborn is the more affordable choice with a cost index of 98.2 against 98.3 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
City A
Austin, TX
City B
Dearborn, MI
How much would you need to earn in Dearborn, MI to maintain your standard of living from Austin, TX?
Equivalent salary in Dearborn, MI
$74,932
You could earn $68 less (0% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Austin
Texas
Dearborn
Michigan
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: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Dearborn — median rent of $1,327/mo versus $1,729/mo in Austin, a 23% difference. Home buyers face a steeper market in Austin: the median home is $555,300 versus $218,800 in Dearborn — 61% more expensive.
Metric
Austin
Dearborn
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Austin
Income tax: N/A
Sales tax: N/A
Dearborn
Income tax: N/A
Sales tax: N/A
Air quality data is available for Austin (avg AQI 65.0) but not yet for Dearborn.
Pick Austin if you prioritize higher median household income ($93,658/yr).
Pick Dearborn if you prioritize cheaper rent ($1,327/mo median).
Dearborn is cheaper overall, with a cost of living index of 98.2 versus 98.3 (US average = 100). That means prices run about 0% lower in Dearborn.
Median rent is $1,729/mo in Austin, TX and $1,327/mo in Dearborn, MI. Dearborn, MI has the lower rent by about 23%.
Median household income is $93,658 in Austin, TX and $65,324 in Dearborn, MI. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $99,909 in Dearborn, MI (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
