Houston is 34% cheaper than Austin.
When comparing Houston, TX and Austin, TX, the overall cost of living indices are 88 and 134 respectively (national median = 100). Rent is $342/month cheaper in Houston, saving renters about $4,104/year.
Median household income is $28,567/year higher in Austin. Home values also differ significantly — the median in Houston is $253,400 compared to $512,700 in Austin.
Both cities share the same state tax structure since they are in Texas.
Houston vs Austin — common questions
Other cost of living comparisons for Houston and Austin