Saturday, January 28, 2017

Austin continues squandering cost-of-living advantage....


"in that I command you today to love the Lord your God, to walk in His ways, and to keep His commandments, His statutes, and His judgments, that you may live and multiply; and the Lord your God will bless you in the land which you go to possess."
Deuteronomy 30:16

This isn't anything we didn't already know:
You want to move to Austin? It'll cost you. In fact, a study from online moving platform Movinga says Austin is one of most expensive cities to move to in the world.

The 2017 Relocation Price Index details the costs associated with relocating to 75 of the world’s most in-demand cities. Austin ranks No. 25, based on first month living cost.

Austin has a basic first month living cost of $1,533.39, says the report. That includes average rent for a one-bedroom apartment, plus cellphone setup, food and drink for 30 days, and a monthly public transportation pass. It makes us the fifth most expensive U.S. city studied....
One of the advantages Austin has always enjoyed is that it was significantly less expensive than comparable large, creative, cities.  It's not a secret that this cost advantage has been eroding over time and that that erosion has increased it's pace in recent years.  Nevertheless, it's eye opening to see just how far that erosion has gone.

Read the whole thing here.

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