Is Austin, TX cheaper than Key West, FL?

Based on cost of living data, Austin, TX is 8.0% more expensive than Key West, FL. This translates to spending an extra $600 per month.

What salary do I need in Austin, TX to live like I do in Key West, FL?

If you earn $150,000 in Key West, FL, you'd need approximately $157,195.758 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Key West, FL and Austin, TX?

Housing in Austin, TX is 12.0% more expensive than in Key West, FL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,714/month in Key West, FL.

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

Living in Austin, TX costs approximately $600 more per month than Key West, FL, or $7196 more per year, based on a $150,000 salary.

Key West, FL vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Key West, FL — COL adjusted from Miami, FL area + state data

Current salary in Key West, FL

Numbers update automatically as you type

You'd spend $600/month more in Austin, TX

$150.0K in your current city equals $157.2K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↑ 8.0%

More expensive

Monthly Impact

$600

Extra cost

Annual Impact

$7.2K

Per year

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

Key West, FL

Population:25K

Cost Index:100

Median Home:$510K

Austin, TX

Population:979K

Cost Index:108

Median Home:$558K

Key West, FL

The Sunshine State

25K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 25K 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: Key West, FL vs Austin, TX

Category	Key West, FL	Austin, TX	Difference	Change
🏠Housing	$2,575/mo	$2,885/mo	↑ $309more	12.0%
🚗Transportation	$1,133/mo	$1,284/mo	↑ $151more	13.3%
📦Other	$1,623/mo	$1,741/mo	↑ $118more	7.3%
⚡All Utilities	$457/mo	$541/mo	↑ $83.85more	18.3%
🏥Healthcare	$518/mo	$589/mo	↑ $70.30more	13.6%
🛒Groceries	$950/mo	$959/mo	↑ $8.98more	0.9%

🏠Housing

↑ 12.0%

Key West, FL

$2,575

Austin, TX

$2,885

Difference

$309

🚗Transportation

↑ 13.3%

Key West, FL

$1,133

Austin, TX

$1,284

Difference

$151

📦Other

↑ 7.3%

Key West, FL

$1,623

Austin, TX

$1,741

Difference

$118

⚡All Utilities

↑ 18.3%

Key West, FL

$457

Austin, TX

$541

Difference

$83.85

🏥Healthcare

↑ 13.6%

Key West, FL

$518

Austin, TX

$589

Difference

$70.30

🛒Groceries

↑ 0.9%

Key West, FL

$950

Austin, TX

$959

Difference

$8.98

🏠Rent Comparison

Studio

From$1,219

To$1,585

↑ $366

1 Bed

From$1,384

To$1,685

↑ $301

2 Bed

From$1,714

To$1,995

↑ $281

3 Bed

From$2,307

To$2,525

↑ $218

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.

$7,257

Monthly in Key West, FL

$7,998

Monthly in Austin, TX

$742

Difference

Home Values

Key West

Austin

Median Value

$558K

YoY Change

↓ -5%

5-Year Change

↑ +12.6%

Price Range

$272K - $1.26M

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

Key West, 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

Key West, 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.