Is Austin, TX cheaper than Savage, MN?

Based on cost of living data, Austin, TX is 1.0% more expensive than Savage, MN. The two cities have very similar living costs.

What salary do I need in Austin, TX to live like I do in Savage, MN?

If you earn $150,000 in Savage, MN, you'd need approximately $150,900.689 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Savage, MN and Austin, TX?

Housing in Austin, TX is 20.9% more expensive than in Savage, MN. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,637/month in Savage, MN.

How much can I save per month by moving from Savage, MN to Austin, TX?

Savage, MN and Austin, TX have very similar costs of living, based on a $150,000 salary.

Savage, MN vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Savage, MN — ZIP-level rent data · COL adjusted from Minneapolis, MN area

Current salary in Savage, MN

Numbers update automatically as you type

You'd spend $75.06/month more in Austin, TX

$150.0K in your current city equals $150.9K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from Minneapolis-St. Paul-Bloomington, MN-WI area

Overall Cost

↑ 1.0%

More expensive

Monthly Impact

$75.06

Extra cost

Annual Impact

$901

Per year

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

Savage, MN

Population:33K

Cost Index:100

Median Home:$423K

Austin, TX

Population:979K

Cost Index:101

Median Home:$558K

Savage, MN

The North Star State

33K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 33K 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

Annual spending: Savage, MN vs Austin, TX

Category	Savage, MN	Austin, TX	Difference	Change
🏠Housing	$2,385/mo	$2,885/mo	↑ $499more	20.9%
🏥Healthcare	$735/mo	$589/mo	↓ $146less	19.9%
📦Other	$1,676/mo	$1,741/mo	↑ $65.44more	3.9%
⚡All Utilities	$494/mo	$541/mo	↑ $47.15more	9.5%
🛒Groceries	$1,000/mo	$959/mo	↓ $40.85less	4.1%
🚗Transportation	$1,303/mo	$1,284/mo	↓ $18.71less	1.4%

🏠Housing

↑ 20.9%

Savage, MN

$2,385

Austin, TX

$2,885

Difference

$499

🏥Healthcare

↓ 19.9%

Savage, MN

$735

Austin, TX

$589

Difference

$146

less

📦Other

↑ 3.9%

Savage, MN

$1,676

Austin, TX

$1,741

Difference

$65.44

⚡All Utilities

↑ 9.5%

Savage, MN

$494

Austin, TX

$541

Difference

$47.15

🛒Groceries

↓ 4.1%

Savage, MN

$1,000

Austin, TX

$959

Difference

$40.85

less

🚗Transportation

↓ 1.4%

Savage, MN

$1,303

Austin, TX

$1,284

Difference

$18.71

less

🏠Rent Comparison

Studio

From$1,188

To$1,585

↑ $397

1 Bed

From$1,348

To$1,685

↑ $337

2 Bed

From$1,637

To$1,995

↑ $358

3 Bed

From$2,167

To$2,525

↑ $358

Savage, MNZIP-level data

1BR range: $1,680–$1,680/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.

$7,592

Monthly in Savage, MN

$7,998

Monthly in Austin, TX

$407

Difference

Home Values

Savage

Austin

$423K

Median Value

$558K

↑ +1.5%

YoY Change

↓ -5%

↑ +21.4%

5-Year Change

↑ +12.6%

$423K

Price Range

$272K - $1.26M

Homes in Austin are 32% more expensive than Savage

Calculate payment - Savage Calculate payment - Austin

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $10.4K

Per year

Monthly Difference

$869

More take-home

Effective Rate Diff

7.0%

Rate difference

Savage, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

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

Savage, MN Tax Rates

Sales Tax:8.0%

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.