1 Comment
⭠ Return to thread

Travis County which contains Austin has a per capita personal income of 60k.

Santa Clara is 150k.

A single family home in Travis County costs $500k. In Santa Clara its 1.86M.

1.86M / 150k = 12.4

500k / 60k = 8.33

Now 12.4 vs 8.33 ain't nothing to sneeze at. Income adjusted housing in Austin is 1/3 cheaper.

But non-income adjusted housing is 75% cheaper. Income differences are still doing a lot of the work here.

Expand full comment