Median rent is 6% lower in Austin ($1,655/mo vs $1,770/mo). Buying is cheaper in Austin, where the median home runs $512,700 versus $586,700. Households earn more in Denver ($91,681 vs $91,461 a year).
City A
Austin, TX
City B
Denver, CO
How much would you need to earn in Denver, 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
Denver
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 $1,770/mo in Denver (6% gap). Median home values are within 13% of each other: $512,700 in Austin and $586,700 in Denver.
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; Denver has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Denver
Income tax: 4.40%
Sales tax: 2.90%
Denver has cleaner air on average: 33.0 AQI (Good) compared to 47.0 AQI (Good) in the other city. Lower AQI means cleaner, healthier air.
Pick Denver if you prioritize cleaner air quality (avg AQI 33.0).
Pick Austin if you prioritize no state income tax.
Is Austin cheaper than Denver?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Denver?
Median rent is $1,655/mo in Austin, TX and $1,770/mo in Denver, CO. Austin, TX has the lower rent by about 6%.
Which has higher salaries — Austin or Denver?
Median household income is $91,461 in Austin, TX and $91,681 in Denver, CO. Denver, 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?
Denver, CO has better air quality on average: 33.0 AQI versus 47.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Austin or Denver?
Texas has no state income tax. Colorado has a top rate of 4.40%.
What salary do I need in Denver 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