The city has updated the numbers it uses to determine affordability in Austin. The median family income (MFI) for a family of four in the Austin-Round Rock area has increased about 3 percent over last year, from $122,300 to $126,000. That means that affordable rent for a three-bedroom apartment at 60 percent MFI would be $1,890. At 30 percent MFI, which is considered “deeply affordable” by the city, a three-bedroom apartment would be $945. The full chart and numbers are available online here.
Elizabeth Pagano is the editor of the Austin Monitor. More by Elizabeth Pagano