Median rent is 18% lower in Austin ($1,655/mo vs $2,011/mo). Buying is cheaper in Lake Ridge, where the median home runs $452,800 versus $512,700. Households earn more in Lake Ridge ($120,844 vs $91,461 a year).
City A
Austin, TX
City B
Lake Ridge, VA
How much would you need to earn in Lake Ridge, VA 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 Ridge
Virginia
👥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 $2,011/mo in Lake Ridge (18% gap). Median home values are within 12% of each other: $512,700 in Austin and $452,800 in Lake Ridge.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while Virginia tops out at 5.75% — giving Austin a clear advantage for high earners. Sales tax is 6.25% in Texas and 5.30% in Virginia; Lake Ridge has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Lake Ridge
Income tax: 5.75%
Sales tax: 5.30%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Lake Ridge.
Pick Lake Ridge if you prioritize higher median household income ($120,844/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 Lake Ridge?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Lake Ridge?
Median rent is $1,655/mo in Austin, TX and $2,011/mo in Lake Ridge, VA. Austin, TX has the lower rent by about 18%.
Which has higher salaries — Austin or Lake Ridge?
Median household income is $91,461 in Austin, TX and $120,844 in Lake Ridge, VA. Lake Ridge, VA 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 Ridge?
Texas has no state income tax. Virginia has a top rate of 5.75%.
What salary do I need in Lake Ridge 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