Median rent is 13% lower in Lake Worth Beach ($1,439/mo vs $1,655/mo). Buying is cheaper in Lake Worth Beach, where the median home runs $329,300 versus $512,700. Households earn more in Austin ($91,461 vs $60,978 a year).
City A
Austin, TX
City B
Lake Worth Beach, FL
How much would you need to earn in Lake Worth Beach, 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 Worth Beach
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 Worth Beach at $1,439/mo compared to $1,655/mo in Austin (13% gap). Home buyers face a steeper market in Austin: the median home is $512,700 versus $329,300 in Lake Worth Beach — 36% 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 Worth Beach has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Lake Worth Beach
Income tax: None
Sales tax: 6.00%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Lake Worth Beach.
Pick Austin if you prioritize higher median household income ($91,461/yr).
Pick Lake Worth Beach if you prioritize cheaper rent ($1,439/mo median).
Is Austin cheaper than Lake Worth Beach?
Cost of living index data is not yet available for one or both cities.
How much is rent in Austin vs Lake Worth Beach?
Median rent is $1,655/mo in Austin, TX and $1,439/mo in Lake Worth Beach, FL. Lake Worth Beach, FL has the lower rent by about 13%.
Which has higher salaries — Austin or Lake Worth Beach?
Median household income is $91,461 in Austin, TX and $60,978 in Lake Worth Beach, 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 Worth Beach?
Both Texas and Florida have no state income tax.
What salary do I need in Lake Worth Beach 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