Just how much money does it take to live comfortably in Austin?

The complaints about Austin’s cost of living are well-known, but according to a new list released by gobankingrates.com, it could be a lot worse.

The money management site compiled a list measuring the 50 most populous cities in America, and then checked to see how much money it would take to live comfortably in each of them.

A shot of downtown. Photo via iMaerial

A shot of downtown. Photo via iMaerial

The list cross-checks the population with the average median household income, and then uses the 50-30-20 budget rule (50 percent for essentials, 30 percent for discretionary spending and 20 percent for savings) to see if the average median income can sustain that city’s cost of living.

According to this method, Austin has a median household income of $55,216 but only $53,225 is required to live comfortably, according to the 50-30-20 rule. By that formula, if you’re an Austin resident making more than $55,000, you’ll have a little over $1,000 left to spend at the end of every year.

Other Texas cities didn’t fare so well. Houstonians, with a population of 2,239,558 and an average median household income of $45,728, actually need to make $60,795 a year to live comfortably in the Space City. Dallas residents need a yearly income of $55,651 to live comfortably in a city of 1,281,047, but the average resident only makes $43,359.

Check out the full list here.

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