Median rent is 19% lower in Lake Magdalene ($1,342/mo vs $1,655/mo). Buying is cheaper in Lake Magdalene, where the median home runs $335,800 versus $512,700. Households earn more in Austin ($91,461 vs $75,606 a year).
City A
Austin, TX
City B
Lake Magdalene, FL
How much would you need to earn in Lake Magdalene, FL 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
Lake Magdalene
Florida
👥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 Lake Magdalene at $1,342/mo compared to $1,655/mo in Austin (19% gap). Home buyers face a steeper market in Austin: the median home is $512,700 versus $335,800 in Lake Magdalene — 35% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Both Texas and Florida have no state income tax — a notable advantage for workers in both cities. Sales tax is 6.25% in Texas and 6.00% in Florida; Lake Magdalene has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Lake Magdalene
Income tax: None
Sales tax: 6.00%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Lake Magdalene.
Pick Austin if you prioritize higher median household income ($91,461/yr).
Pick Lake Magdalene if you prioritize cheaper rent ($1,342/mo median).
Is Austin cheaper than Lake Magdalene?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Lake Magdalene?
Median rent is $1,655/mo in Austin, TX and $1,342/mo in Lake Magdalene, FL. Lake Magdalene, FL has the lower rent by about 19%.
Which has higher salaries — Austin or Lake Magdalene?
Median household income is $91,461 in Austin, TX and $75,606 in Lake Magdalene, FL. Austin, TX 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 Lake Magdalene?
Both Texas and Florida have no state income tax.
What salary do I need in Lake Magdalene 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