Median rent is 15% lower in Midland ($1,407/mo vs $1,655/mo). Buying is cheaper in Midland, where the median home runs $298,600 versus $512,700. Households earn more in Austin ($91,461 vs $91,169 a year). Taken together, Austin is the more affordable choice with a cost index of 98.8 against 102.9 — about 4% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Quick verdict
Austin is 4% cheaper overall
Cost index: 98.8 in Austin vs 102.9 in Midland (US average = 100)
City A
Austin, TX
City B
Midland, TX
How much would you need to earn in Midland, TX to maintain your standard of living from Austin, TX?
Equivalent salary in Midland, TX
$78,129
You'd need $3,129 more (4% higher).
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
Midland
Texas
👥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 Midland at $1,407/mo compared to $1,655/mo in Austin (15% gap). Home buyers face a steeper market in Austin: the median home is $512,700 versus $298,600 in Midland — 42% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Both Texas and Texas have no state income tax — a notable advantage for workers in both cities. Sales tax is 6.25% in Texas and 6.25% in Texas; Midland has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Midland
Income tax: None
Sales tax: 6.25%
Air quality data is available for Austin (avg AQI 47.0) but not yet for Midland.
Pick Austin if you prioritize lower overall cost of living (index 98.8 vs 102.9).
Pick Midland if you prioritize cheaper rent ($1,407/mo median).
Is Austin cheaper than Midland?
Austin is cheaper overall, with a cost of living index of 98.8 versus 102.9 (US average = 100). That means prices run about 4% lower in Austin.
How much is rent in Austin vs Midland?
Median rent is $1,655/mo in Austin, TX and $1,407/mo in Midland, TX. Midland, TX has the lower rent by about 15%.
Which has higher salaries — Austin or Midland?
Median household income is $91,461 in Austin, TX and $91,169 in Midland, TX. 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 Midland?
Both Texas and Texas have no state income tax.
What salary do I need in Midland to match my Austin income?
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $104,173 in Midland, TX (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology