Austin is 21% cheaper than Downey.
When comparing Austin, TX and Downey, CA, the overall cost of living indices are 134 and 169 respectively (national median = 100). Rent is $237/month cheaper in Austin, saving renters about $2,844/year.
Median household income is $4,061/year higher in Austin. Home values also differ significantly — the median in Austin is $512,700 compared to $728,500 in Downey.
Texas has no state income tax, giving Austin residents a significant tax advantage over California's 13.3% rate.
Austin vs Downey — common questions
Other cost of living comparisons for Austin and Downey