Austin Chamber of Commerce Metro Comparisons: Austin & Los Angeles
Individual Income Tax
Maximum rate, tax year 2011 California Texas 9.30%1 None
Source: Federation of Tax Administrators, http://www.taxadmin.org/fta/rate/tax_stru.html.
U.S.=100, Year Ending 2011 Q2 Grocery TransporHousing Utilities tation items
[13.31%] [29.27%] [10.22%] [9.86%]
Cost of Living Index
Composite
Health care
[4.23%]
Misc.
[33.11%]
Austin MSA Los Angeles MDiv
94.1 135.7
86.1 107.2
83.2 203.6
105.5 106.6
100.6 111.4
100.5 109.7
100.8 106.7
Source: The Council for Community & Economic Research, ACCRA Cost of Living Index, http://www.c2er.org.
Median Home Price
Existing Single-Family Homes
2008 Austin MSA Los Angeles MSA United States $188,600 402,100 196,600
2009 $187,400 333,920 172,100
2010 $193,600 316,700 173,100
Percent change 2008-2009 -0.6% -17.0 -12.5 2009-2010 3.3% -5.2 0.6
Source: National Association of Realtors, http://www.realtor.org/Research.nsf/Pages/MetroPrice.
Housing Opportunity Index
2nd Quarter 2011
1
An additional 1% tax is imposed on taxable income over $1 million.
HOI: Share of homes affordable for median income Austin MSA Los Angeles MDiv United States 71.5% 41.6 72.6
Median family income $74,900 64,000 64,200
Median sales price $191,000 310,000 172,000
Source: National Association of Home Builders, http://www.nahb.org/page.aspx/category/sectionID=135.
Median Apartment Rents
2012 1 bedroom Austin MSA Los Angeles MDiv U.S. Metros2 United States3 $812 1,245 867 812 2 bedrooms $989 1,554 1,034 970 3 bedrooms $1,331 2,087 1,355 1,270
Source: U.S. Department of Housing & Urban Development, http://www.huduser.org/datasets/50per.html.
Average Home Price
4-bedroom, 2-full bath homes, 2011
Submarket4 AUSTIN CEDAR PARK Austin MSA GEORGETOWN PFLUGERVILLE ROUND ROCK SAN MARCOS Los Angeles MDiv LANCASTER
Average Price $283,243 230,528 252,422 180,459 201,150 207,552 $150,970
2 3 4
Weighted average of medians for all U.S. metros. Weighted average of medians for all U.S. counties.
Many submarkets are reported for some metros. This table represents prices in the 6 largest reported submarkets based on 2010 population.
Submarket LONG BEACH LOS ANGELES PALMDALE PASADENA POMONA United States
Source: Coldwell Banker, http://hpci.coldwellbanker.com/.
Average Price 485,399 795,632 168,920 844,037 269,585 $293,000
Metropolitan Area Definitions5
Austin-Round Rock, TX MSA Bastrop County, TX Caldwell County, TX Hays County, TX Travis County, TX Williamson County, TX Los Angeles-Long Beach-Santa Ana, CA MSA Los Angeles-Long Beach-Glendale, CA Metropolitan Division (MDiv) Los Angeles County, CA Santa Ana-Anaheim-Irvine, CA MDiv Orange County, CA
There are alternative definitions of New England metropolitan areas. While metropolitan areas are combinations of one or more counties in the rest of the nation, New England metros were originally defined as combinations of cities and towns. However, county equivalent definitions have been adopted by a number of data sources. Most of the data sources in this comparison employ county equivalent, with the U.S. Bureau of Labor Statistics being the primary exception.
