Austin, TX — income, home value, property tax, and sales tax.
In Austin’s 78723, households earn a median of $100,329, with per-capita income at $55,797 — comfortably above the national middle but below the city’s wealthiest pockets. Homes carry a median value of $562,300, and the county-level property tax rate of 1.48% means owners pay a substantial annual sum on that valuation. Add an 8.25% combined sales tax on purchases, and the overall cost of living here leans toward the upper-middle tier. This ZIP sits in solidly middle-to-upper-income territory, where strong earnings are offset by meaningful property and sales tax obligations.
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