Phoenix vs Austin: Cost of Living & Housing Comparison
Phoenix's median home value is $340,200 — 26% lower than Austin's $461,500.
Median household income is $72,092 in Phoenix versus $86,556 in Austin.
Typical rent runs $1,322 in Phoenix and $1,549 in Austin.
| Metric | Phoenix, AZ | Austin, TX |
|---|---|---|
| Population | 1,609,456 | 958,202 |
| Median home value | $340,200 | $461,500 |
| Median household income | $72,092 | $86,556 |
| Median gross rent | $1,322 | $1,549 |
| Climate risk (FEMA) | Very High | Relatively High |
On housing costs, Phoenix, AZ looks more affordable than Austin, TX — lower median home value and rent. This reflects housing only, not total cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.