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Cost of Living Comparison 2026

๐Ÿ“ Homewood, AL โ€” ZIP-level rent data ยท COL adjusted from Birmingham, AL area

$

Numbers update automatically as you type

You'd spend $1.8K/month more in Austin, TX

$150.0K in your current city equals $171.3K in Austin, TX

Rent data from HUD ZIP-level estimates ยท COL index from Birmingham-Hoover, AL area
Overall Cost
โ†‘ 23.7%
More expensive
Monthly Impact
$1,778
Extra cost
Annual Impact
$21.3K
Per year

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

Homewood, AL

Population:28K
Cost Index:100
Median Home:$502K

Austin, TX

Population:979K
Cost Index:124
Median Home:$558K

Homewood, AL

The Heart of Dixie

28K
Population
State Tax
Yes

Located in Alabama, this city has a population of 28K residents.

Austin, TX

The Lone Star State

979K
Population
State Tax
No Income Tax
Climate
Humid subtropical

Notable Facts

  • โ€ขLive music capital
  • โ€ขMajor tech hub
  • โ€ขSXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: Homewood, AL vs Austin, TX

๐Ÿ Housing
โ†‘ 74.1%
Homewood, AL
$1,656
Austin, TX
$2,885
Difference
$1,228
more
๐Ÿ“ฆOther
โ†‘ 15.6%
Homewood, AL
$1,506
Austin, TX
$1,741
Difference
$235
more
๐Ÿš—Transportation
โ†‘ 11.6%
Homewood, AL
$1,150
Austin, TX
$1,284
Difference
$134
more
๐ŸฅHealthcare
โ†‘ 17.0%
Homewood, AL
$503
Austin, TX
$589
Difference
$85.52
more
๐Ÿ›’Groceries
โ†‘ 2.2%
Homewood, AL
$938
Austin, TX
$959
Difference
$20.83
more
โšกAll Utilities
โ†‘ 2.2%
Homewood, AL
$529
Austin, TX
$541
Difference
$11.75
more

๐Ÿ Rent Comparison

Studio
From$1,041
To$1,585
โ†‘ $544
1 Bed
From$1,171
To$1,685
โ†‘ $514
2 Bed
From$1,285
To$1,995
โ†‘ $710
3 Bed
From$1,611
To$2,525
โ†‘ $914
Homewood, ALZIP-level data

1BR range: $1,440โ€“$1,440/mo

Austin, TXZIP-level data

1BR range: $1,490โ€“$2,350/mo

๐Ÿ’ก 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.

$6,284
Monthly in Homewood, AL
$7,998
Monthly in Austin, TX
$1,715
Difference

Home Values

Homewood
Austin
$502K
Median Value
$558K
โ†‘ +3.6%
YoY Change
โ†“ -5%
โ†‘ +24.2%
5-Year Change
โ†‘ +12.6%
$502K
Price Range
$272K - $1.26M

Homes in Austin are 11% more expensive than Homewood

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†‘ $7.5K
Per year
Monthly Difference
$622
More take-home
Effective Rate Diff
5.0%
Rate difference

Homewood, AL

Federal Income Tax
Effective: 18.9%
$25.5K
Alabama State Tax
Effective: 5.0%
$7.5K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.5K
Take-Home Pay
$8,794/month
$105.5K

Austin, TX

Federal Income Tax
Effective: 18.9%
$25.5K
Texas State Tax
No state income tax
$0
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

Homewood, AL Tax Rates

Sales Tax:9.1%
Property Tax:0.4%

Austin, TX Tax Rates

Sales Tax:8.2%
Property Tax:1.8%

๐Ÿ’ก 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.

Environment

Homewood
Austin
57 Moderate
Air Quality
52 Moderate
26%
Good Air Days
42.6%
98 High
Climate Risk
98 High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐ŸŒŠ๐ŸŒก๐ŸŒช
โ–ฒ+2.5ยฐF
2050 Outlook
โ–ฒ+2.5ยฐF
41 days
Heat Days >95ยฐF
98 days
โ–ฒ+2.5ยฐF
2050 Outlook
โ–ฒ+2.5ยฐF
41 days
Heat Days >95ยฐF
98 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Alabama and Texas on TaxTakeHome.com

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