Median rent is 14% lower in Austin ($1,729/mo vs $2,007/mo). Buying is cheaper in Austin, where the median home runs $555,300 versus $566,900. Households earn more in Jersey City ($97,710 vs $93,658 a year). Taken together, Austin is the more affordable choice with a cost index of 98.3 against 112.6 — about 13% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Cost of living verdict
Austin is 13% cheaper overall
Cost of Living Index: 98.3 in Austin vs 112.6 in Jersey City (US national average = 100)
City A
Austin, TX
City B
Jersey City, NJ
How much would you need to earn in Jersey City, NJ to maintain your standard of living from Austin, TX?
Equivalent salary in Jersey City, NJ
$85,966
You'd need $10,966 more (15% higher).
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
Jersey City
New Jersey
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
Median rent is modestly lower in Austin at $1,729/mo compared to $2,007/mo in Jersey City (14% gap). Median home values are within 2% of each other: $555,300 in Austin and $566,900 in Jersey City.
Metric
Austin
Jersey City
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
Jersey City
Income tax: N/A
Sales tax: N/A
Jersey City has cleaner air on average: 46.0 AQI (Good) compared to 65.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Austin if you prioritize lower overall cost of living (index 98.3 vs 112.6).
Pick Austin if you prioritize cheaper rent ($1,729/mo median).
Pick Jersey City if you prioritize cleaner air quality (avg AQI 46.0).
Austin is cheaper overall, with a cost of living index of 98.3 versus 112.6 (US average = 100). That means prices run about 13% lower in Austin.
Median rent is $1,729/mo in Austin, TX and $2,007/mo in Jersey City, NJ. Austin, TX has the lower rent by about 14%.
Median household income is $93,658 in Austin, TX and $97,710 in Jersey City, NJ. Jersey City, NJ has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Jersey City, NJ has better air quality on average: 46.0 AQI versus 65.0 AQI. Both are EPA AirNow annual averages; lower is better.
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 $114,621 in Jersey City, NJ (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
