Is Austin, TX cheaper than Lake Magdalene, FL?

Based on cost of living data, Austin, TX is 5.8% more expensive than Lake Magdalene, FL. This translates to spending an extra $436 per month.

What salary do I need in Austin, TX to live like I do in Lake Magdalene, FL?

If you earn $150,000 in Lake Magdalene, FL, you'd need approximately $155,226.418 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Lake Magdalene, FL and Austin, TX?

Housing in Austin, TX is 25.5% more expensive than in Lake Magdalene, FL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,285/month in Lake Magdalene, FL.

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

Living in Austin, TX costs approximately $436 more per month than Lake Magdalene, FL, or $5226 more per year, based on a $150,000 salary.

Lake Magdalene, FL vs Austin, TX: Cost of Living Comparison 2026

MoveNumbers

Tap to swap

Cost of Living Comparison 2026

📍 Lake Magdalene, FL — COL adjusted from Tampa, FL area + state data

Current salary in Lake Magdalene, FL

Numbers update automatically as you type

You'd spend $436/month more in Austin, TX

$150.0K in your current city equals $155.2K in Austin, TX

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

Overall Cost

↑ 5.8%

More expensive

Monthly Impact

$436

Extra cost

Annual Impact

$5.2K

Per year

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

Lake Magdalene, FL

Population:31K

Cost Index:100

Median Home:$367K

Austin, TX

Population:979K

Cost Index:106

Median Home:$558K

Lake Magdalene, FL

The Sunshine State

31K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 31K 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: Lake Magdalene, FL vs Austin, TX

Category	Lake Magdalene, FL	Austin, TX	Difference	Change
🏠Housing	$2,299/mo	$2,885/mo	↑ $586more	25.5%
🚗Transportation	$1,214/mo	$1,284/mo	↑ $70.47more	5.8%
🏥Healthcare	$554/mo	$589/mo	↑ $34.45more	6.2%
📦Other	$1,709/mo	$1,741/mo	↑ $32.27more	1.9%
🛒Groceries	$991/mo	$959/mo	↓ $31.59less	3.2%
⚡All Utilities	$558/mo	$541/mo	↓ $16.82less	3.0%

🏠Housing

↑ 25.5%

Lake Magdalene, FL

$2,299

Austin, TX

$2,885

Difference

$586

🚗Transportation

↑ 5.8%

Lake Magdalene, FL

$1,214

Austin, TX

$1,284

Difference

$70.47

🏥Healthcare

↑ 6.2%

Lake Magdalene, FL

$554

Austin, TX

$589

Difference

$34.45

📦Other

↑ 1.9%

Lake Magdalene, FL

$1,709

Austin, TX

$1,741

Difference

$32.27

🛒Groceries

↓ 3.2%

Lake Magdalene, FL

$991

Austin, TX

$959

Difference

$31.59

less

⚡All Utilities

↓ 3.0%

Lake Magdalene, FL

$558

Austin, TX

$541

Difference

$16.82

less

🏠Rent Comparison

Studio

From$884

To$1,585

↑ $701

1 Bed

From$1,044

To$1,685

↑ $641

2 Bed

From$1,285

To$1,995

↑ $710

3 Bed

From$1,767

To$2,525

↑ $758

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.

$7,324

Monthly in Lake Magdalene, FL

$7,998

Monthly in Austin, TX

$674

Difference

Home Values

Lake Magdalene

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

Lake Magdalene, 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

Lake Magdalene, 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.