Not only has Austin earned the reputation of the Live Capital of the World, but also several other designations. Those designations include one of the best places to find a job this year, one of Forbes’ best buy cities for 2016 and one of JLL’s emerging “New World Cities.”
Now, a recent analysis of the Nation’s 75 major cities shows that living in Austin will help your paycheck go the furthest. The assessment considered finances after budgeting for necessities, savings and discretionary spending.
GoBankingRates.com compared the cost of living to the median family income in each city. It was able to determine the actual income needed to live comfortably in each city.
Cities with the greatest disparity between the actual income needed to live comfortably and the median household income were designated as those providing the most bang for the buck. Top among the 75 cities was Austin, with a cost to income difference that puts an additional $2,000 – on average – into residents’ hands every year. And if you’re living in Austin, there’s plenty that you can do with that money aside from enjoying some of the best breakfast tacos in the world.
How to Spend Your Extra Income
For starters, there’s the abundance of music to be enjoyed at one of the numerous music venues in the city. If larger crowds and lineups are your thing, you can attend one of many music festivals that occur every year. Austin is also the home of the Alamo Drafthouse, which offers feature films and food service to your seat. Speaking of food, Austin hosts a variety of renowned food trucks in addition to high-profile restaurants such as Uchi and The Carillon.
Not a foodie? You can always discover rising stars in baseball at a Round Rock Express game in Round Rock for a low ticket price. Try out the fan frenzy of a Longhorns football game at the University of Texas stadium. Take a short trip to San Antonio for professional basketball with serial championship winners, the San Antonio Spurs. And the entertainment options don’t stop there.
Move to Austin
Yes, in Austin you’ll have more money and more options than you would in almost any other city in the U.S. Getting more from your hard-earned paychecks is always an appealing reason for living in a city. But if that doesn’t convince you, then you can always move here for the breakfast tacos.
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