Is Austin, TX cheaper than Coral Gables, FL?

Based on cost of living data, Austin, TX is 12.0% cheaper than Coral Gables, FL. This translates to saving $902 per month.

What salary do I need in Austin, TX to live like I do in Coral Gables, FL?

If you earn $150,000 in Coral Gables, FL, you'd need approximately $139,170.95 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Coral Gables, FL and Austin, TX?

Housing in Austin, TX is 8.8% cheaper than in Coral Gables, FL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $2,423/month in Coral Gables, FL.

How much can I save per month by moving from Coral Gables, FL to Austin, TX?

Moving from Coral Gables, FL to Austin, TX could save you approximately $902 per month, or $10829 per year, based on a $150,000 salary.

Coral Gables, FL vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Coral Gables, FL — ZIP-level rent data · COL adjusted from Miami, FL area

Current salary in Coral Gables, FL

Numbers update automatically as you type

You'd save $902/month moving to Austin, TX

$150.0K in your current city equals $139.2K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from Miami-Fort Lauderdale-Pompano Beach, FL area

Overall Cost

↓ 12.0%

Less expensive

Monthly Impact

$902

Savings

Annual Impact

$10.8K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Coral Gables, FL

Population:48K

Cost Index:100

Median Home:$1.04M

Austin, TX

Population:979K

Cost Index:88

Median Home:$558K

Coral Gables, FL

The Sunshine State

48K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 48K residents.

💡 Advantage: Florida has no state income tax!

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: Coral Gables, FL vs Austin, TX

Category	Coral Gables, FL	Austin, TX	Difference	Change
🏠Housing	$3,162/mo	$2,885/mo	↓ $277less	8.8%
📦Other	$1,992/mo	$1,741/mo	↓ $251less	12.6%
🚗Transportation	$1,391/mo	$1,284/mo	↓ $107less	7.7%
🛒Groceries	$1,053/mo	$959/mo	↓ $93.66less	8.9%
⚡All Utilities	$506/mo	$541/mo	↑ $34.48more	6.8%
🏥Healthcare	$574/mo	$589/mo	↑ $14.32more	2.5%

🏠Housing

↓ 8.8%

Coral Gables, FL

$3,162

Austin, TX

$2,885

Difference

$277

less

📦Other

↓ 12.6%

Coral Gables, FL

$1,992

Austin, TX

$1,741

Difference

$251

less

🚗Transportation

↓ 7.7%

Coral Gables, FL

$1,391

Austin, TX

$1,284

Difference

$107

less

🛒Groceries

↓ 8.9%

Coral Gables, FL

$1,053

Austin, TX

$959

Difference

$93.66

less

⚡All Utilities

↑ 6.8%

Coral Gables, FL

$506

Austin, TX

$541

Difference

$34.48

🏥Healthcare

↑ 2.5%

Coral Gables, FL

$574

Austin, TX

$589

Difference

$14.32

🏠Rent Comparison

Studio

From$1,817

To$1,585

↓ $232

1 Bed

From$1,986

To$1,685

↓ $301

2 Bed

From$2,423

To$1,995

↓ $428

3 Bed

From$3,111

To$2,525

↓ $586

Coral Gables, FLZIP-level data

1BR range: $2,370–$2,990/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,679

Monthly in Coral Gables, FL

$7,998

Monthly in Austin, TX

$680

Difference

Home Values

Coral Gables

Austin

$1.04M

Median Value

$558K

↓ -1.9%

YoY Change

↓ -5%

↑ +65.1%

5-Year Change

↑ +12.6%

$701K - $1.79M

Price Range

$272K - $1.26M

Homes in Austin are 47% less expensive than Coral Gables

Calculate payment - Coral Gables Calculate payment - Austin

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Coral Gables, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Coral Gables, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.