Dallas, TX vs Austin-Round Rock-San Marcos, TX
A 2-bedroom in Austin-Round Rock-San Marcos costs $79 less per month than Dallas ($1,852 vs $1,931). Median income is $87,155 in Dallas and $97,638 in Austin-Round Rock-San Marcos. That's a difference of $948 per year in housing costs.
Side-by-Side Comparison
| Metric | Dallas | Austin-Round Rock-San Marcos |
|---|---|---|
| Studio FMR | $1,582 | $1,474 |
| 1BR FMR | $1,648 | $1,562 |
| 2BR FMR | $1,931 | $1,852 |
| 3BR FMR | $2,431 | $2,347 |
| 4BR FMR | $3,091 | $2,760 |
| Median Income | $87,155 | $97,638 |
| Rent Burden | 26.6% | 22.8% |
| Actual Median Rent | $1,509 | $1,646 |
| Median Home Value | $330,300 | $434,800 |
| Population | 7.8M | 2.4M |
| Renter % | 40% | 41.1% |
| Vacancy Rate | 6.8% | 5.3% |
| Poverty Rate | 10.5% | 9.9% |
| YoY Change | +9.8% | - |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Austin-Round Rock-San Marcos, TX is more affordable with a 2BR FMR of $1,852/mo, which is $79 less than Dallas at $1,931/mo. However, when considering local incomes, Dallas has a rent burden of 26.6% vs 22.8% in Austin-Round Rock-San Marcos.
A 2-bedroom in Dallas, TX costs $1,931/mo at Fair Market Rent, while in Austin-Round Rock-San Marcos, TX it's $1,852/mo, a difference of $79/mo or $948/year.
To afford a 2BR without spending more than 30% of income on rent: Dallas requires $77,240/year ($37/hr). Austin-Round Rock-San Marcos requires $74,080/year ($36/hr).