17. Austin, Texas
Austin holds the title of Texas’s most expensive city, a dramatic shift from its once-affordable reputation. Today, residents face an average monthly cost of living of $2,416, placing Austin in the top 11% of the world’s priciest cities.
Housing is the primary driver of local costs. The median home price sits around $480,000, and homeowners face steep property taxes at roughly 3.13%. Typical monthly housing expenses average $1,213 for individuals and $2,225 for families, straining many budgets.
Austin’s rapid rise is fueled by its tech boom, entrepreneurial culture, and creative economy. High-earning professionals have flocked to the city, creating demand for premium neighborhoods with modern amenities and exclusive lifestyle offerings.
This ongoing influx — combined with limited housing supply — keeps prices trending upward across the metro area. Austin’s blend of innovation, music, and outdoor appeal continues to attract newcomers, but the cost of joining the community grows steeper each year.
