New median family income numbers are here
Wednesday, June 5, 2024 by Elizabeth Pagano
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.
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