Living Costs on the Rise

The cost of living in Austin has spiked 34% over the last year according to Austin Culture Map. Clearly this increase in living costs is also spreading to Georgetown.

The cost of living in Austin has gotten, shall we say, costlier than nearly any other major U.S. city, according to a new study from personal finance website GOBankingRates. 

GOBankingRates ranks Austin second for the biggest percentage increase on the “live comfortably” index. The study finds that the cost to live “comfortably” in Austin skyrocketed 33.92 percent from 2017 to 2018. 

In terms of costs, that amounts to a year-over-year increase of $18,532 in Austin, the biggest leap among the 50 cities studied.