By The Kent Redding Group
AUSTIN, TX. - There's no denying that Austin has been growing by leaps and bounds over the last two years and the city has gained recognition as one of the fastest growing cities in the United States but thanks to a recent report from gobankingrates.com we know that the city was also ranked as one of the most comfortable cities in the United States.
What Makes Austin A Comfortable City?
A thriving economy and its status as the live music capital of the world and abundant outdoor art installations makes Austin a destination city.
To determine how much people need to make for a “comfortable” living in each city, the study used the 50-30-20 budgeting rule: 50% of your income should go toward necessities, 20% toward savings, and the remaining 30% toward discretionary expenses like the movies or dinner out with friends.
From there, researchers compared the cost of living in each city (gleaned from local prices for housing, groceries, and more) with the metropolis’s median income. And it turns out that people tend to make more than they need in certain cities — like Virginia Beach, which topped this list for the second year in a row.
Planning On Buying A Home In Austin Texas?
Are you planning on buying a home in Austin Texas? There's never a better time than right now to buy a home thanks to still affordable mortgage interest rates, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online