Although you can still get a Lone Star and a shot of whiskey for $5 at most dive bars, the cost of living is inching ever higher in Austin. USA Today recently published the top 10 richest cities in the United States, and our Capital City is sitting pretty at No. 10.
For its list, researchers examined cities with populations greater than 500,000 and with the highest percentage of households earning at least $150,000 per year. Based on the cost of living — which includes everything from housing prices to food costs — they also calculated the salary needed in order to live comfortably in each locale.
Although housing prices are climbing and more million-dollar homes were sold in 2014 than ever before, there is some hope. Austin has a high percentage of six-figure earners, thanks in part to our booming tech scene, but locals don't actually need that much money to live comfortably. The "magic salary" in Austin is $72,912, below the national median of $75,000 and well below any of the other top 10 cities.
Austin was the only city in Texas — and the southern U.S. in general — to make the list. Not surprisingly, San Francisco came in at No. 1, followed by San Jose (No. 2) and Washington, D.C. (No. 3).