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Discover News By District
Here’s what Austinites spend per year on essentials
Thursday, December 15, 2016 by Jack Craver
Housing is the biggest expense for just about everybody in Austin, according to a presentation by Assistant City Auditor Niki Raggi during a City Council work session Tuesday, as part of an ongoing review by the Office of the City Auditor on affordability in the city. Renters spent an average of $12,430 in 2015 on housing, while homeowners spent an average of $23,690. In addition, the average Austinite spent just under $4,930 on utilities, $9,020 on food, $10,850 on transportation, $4,370 on health care and $8,980 on education and retirement. That means that the average homeowner spent an average of $61,840 on what staff called “affordability cost-drivers,” while renters spent $50,580.
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