Last Thursday, Kristina and I headed down to the great state of Texas to visit the city of Austin.
I really like Austin. A lot.
So, without anything further, I present Austin vs. Boston:
So, Austin is a bigger city, and it is growing, whereas Boston is shrinking. While we were in Austin, it actually felt smaller than Boston in a way. I can now see why: Boston fits it’s 500,00 + people in about 50 square miles, compared to Austin’s 250 square miles. So Austin fits about the same amount of people into five times as much land.
Austin is growing, and you can tell. New housing is popping up everywhere, and it seems like real estate agents are begging people to move in. Some places offer free wireless internet. Others have free cable. I even saw an apartment complex that gave away free DVD players to new residents.
Income and Housing:
Every time I talk about Austin to a Bostonite, they’ll say: “Sure, it’s cheap to live down there, but that means jobs pay less.” I thought that would be true. It isn’t.
The median income in Austin is over $3,000 per year more than in Boston. I thought it would be just the opposite.
With that said, if you use economic logic, you’d think that housing would be more expensive in Austin, right? Nope. A house in Boston, on average, costs about $66,000 more than one in Austin. Amazing.
The unemployment rate in Boston is about 39% higher than it is in Austin.
So, in short, if you live in Boston, you make less money, pay more for housing, and have a much higher chance of not finding a job.