New Market, MD vs Austin, TX: Cost of Living

Which city costs less?

Austin, TX has a modeled overall cost index 19.2% lower than New Market, MD.

New Market, MD · modeled 2BR rent: $2,790 / month
Austin, TX · modeled 2BR rent: $1,995 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare New Market, MD and Austin, TX using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in New Market, MD

Numbers update automatically as you type

Estimated savings: $1,399/month in Austin, TX

$150,000 in your current city has a modeled equivalent of $133,215 in Austin, TX

Regional cost estimates: New Market, MD uses Washington, DC. Austin, TX uses Austin-Round Rock-Georgetown, TX Metropolitan Area. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 19.2%

Less expensive

Monthly Impact

$1,399

Savings

Annual Impact

$16.8K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

New Market, MD

Population:2K

Cost Index:

127.5

100 = national average

Typical Home:$591K

Austin, TX

Population:979K

Cost Index:

103.0

100 = national average

Typical Home:$558K

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New Market, MD

The Old Line State

Population

State Tax

Yes

Located in Maryland, this city has a population of 2K residents.

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

Estimated monthly spending: New Market, MD vs Austin, TX

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	New Market, MD	Austin, TX	Difference	Change
Housing	$3,576/mo	$2,200/mo	↓ $1,376less	38.5%
Transportation	$1,206/mo	$979/mo	↓ $227less	18.8%
Other	$1,167/mo	$1,328/mo	↑ $161more	13.8%
All Utilities	$355/mo	$413/mo	↑ $57.64more	16.2%
Groceries	$754/mo	$732/mo	↓ $22.16less	2.9%
Healthcare	$441/mo	$449/mo	↑ $7.50more	1.7%

Housing

↓ 38.5%

New Market, MD

$3,576

Austin, TX

$2,200

Difference

$1,376

less

Transportation

↓ 18.8%

New Market, MD

$1,206

Austin, TX

$979

Difference

$227

less

Other

↑ 13.8%

New Market, MD

$1,167

Austin, TX

$1,328

Difference

$161

All Utilities

↑ 16.2%

New Market, MD

$355

Austin, TX

$413

Difference

$57.64

Groceries

↓ 2.9%

New Market, MD

$754

Austin, TX

$732

Difference

$22.16

less

Healthcare

↑ 1.7%

New Market, MD

$441

Austin, TX

$449

Difference

$7.50

🏠Rent Comparison

Studio

From$2,430

To$1,585

↓ $845

1 Bed

From$2,500

To$1,685

↓ $815

2 Bed

From$2,790

To$1,995

↓ $795

3 Bed

From$3,520

To$2,525

↓ $995

New Market, MDZIP-level data

1BR range: $2,500–$2,500/mo

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in New Market, MD

$6,101

Monthly in Austin, TX

$1,399

Difference

Home Values

New Market

Austin

$591K

Median Value

$558K

↑ +0.4%

YoY Change

↓ -5%

↑ +32.2%

5-Year Change

↑ +12.6%

$591K

Price Range

$272K - $1.26M

Homes in Austin are 6% less expensive than New Market

Calculate payment - New Market Calculate payment - Austin

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.3K

Per year

Monthly Difference

$605

More take-home

Effective Rate Diff

4.8%

Rate difference

New Market, MD

Federal Income Tax

Effective: 18.9%

$25.5K

Maryland State Tax

Effective: 4.8%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,811/month

$105.7K

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

New Market, MD Tax Rates

Sales Tax:6.0%

Property Tax:1.1%

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.

🚶 Walkability

Modeled road attributes, not a safety assessment. Methodology and limitations

New Market, MD: No data yet

Austin, TX

35/100

2.8% sidewalk tags · 5.1% cycling tags

Environment

New Market

Austin

45 Good

Air Quality

52 Moderate

63.7%

Good Air Days

42.6%

98 High

Climate Risk

98 High

🌊🌀🌡

Top Hazards

🌊🌡🌪

▲+2.9°F

2050 Outlook

▲+2.5°F

27 days

Heat Days >95°F

98 days

▲+2.9°F

2050 Outlook

▲+2.5°F

27 days

Heat Days >95°F

98 days

Before moving from New Market, MD to Austin, TX

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Austin, TX for the same bedroom count and included utilities as your home in New Market, MD. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your New Market to Austin moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Austin, TX by cost, housing, population and region.

Frequently Asked Questions: New Market, MD vs Austin, TX

How do the cost estimates for New Market, MD and Austin, TX compare?

Austin, TX has a modeled overall cost index 19.2% lower than New Market, MD. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in New Market, MD, the model estimates $133,215 in Austin, TX. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for New Market, MD and Austin, TX?

The modeled two-bedroom rents are $2,790/month in New Market, MD and $1,995/month in Austin, TX. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Maryland and Texas on TaxTakeHome.com