Tag: austin census data

What Does Affordability Mean In Austin?

It isn’t news to anyone who lives here—Austin is one of the fastest growing cities in the nation. With the daily influx of new patrons to the area, housing prices continue to skyrocket while availability of affordable housing rapidly shrinks. But what does “affordable” really mean? Government standards define housing as “affordable” if a family spends less than 30% of their income on rent. Austin has the highest average rent costs in the state, at about $1,050 for a two-bedroom apartment. The average rent for a two-bedroom in cities around the rest of Texas is about $867. However, one must look at more than housing costs to determine the affordability of a city. Childcare in Austin can cost up to $16,000 a year—that’s about the same price as a year of in-state tuition at the University of Texas. Considering the median household income in Austin is less than $60,000 a year, this means more than a fourth of a family’s income is spent on the care of just one child. That leaves little left for gas, groceries, healthcare, and all of life’s other necessary expenses. For example, let’s say one Austinite is working a job where they make minimum wage at $7.25 an hour. This person would have to work 111 hours (about three full-time jobs) a week just to pay for their two-bedroom apartment. 65% of Austin residents are dissatisfied with the cost of housing.  Voters passed a $65 million bond measure last year that aimed to create affordable housing options. However, most […]

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The Other Side of Austin: Census Data Reveals Continued Poverty

Austin Residents Struggle to Make Ends Meet 300K+  individuals struggling to make ends meet   150K+ Austin residents living in poverty   16K+ local children under the age of 6 living in poverty   Austin is a city that is known for many things. We love our dogs, can’t get enough live music or Tex-Mex, and take pride in the slogan, ‘Keep Austin Weird.’ We are also the fastest-growing city in the nation – more than 100 people move to Austin every day. What many are unaware of is that more than 300K greater Austin residents are classified as low-income and face barriers to economic opportunity.  This is a serious concern for many families who struggle to make ends meet – it takes a household income of $50K annually for a family of four to break even! According to the most recent census data, 150K+ Austin residents live below the federal poverty level. Of these, more than 16K residents are children who are under the age of 6.   UWATX Helps Alleviate and Reduce Poverty    UWATX addresses community needs through our Strategic Programs including: Financial Opportunity, Target Graduation and Success By 6.  We know that preparing children for kindergarten and keeping them on the path to high school graduation is a strong indicator for their success down the road. We also provide financial literacy tools for their parents, so that both generations can thrive simultaneously. Our Navigation Center is able to connect individuals who call 2-1-1 to human services, […]

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