In the News: Best Cities To Live On $500,000
Austin Ranks #7 in Forbe’s new list!
7. Austin, Texas
Population: 715,000
Patents per 10,000: 19
Venture capital invested: $707 million
Average household expenditures: $51,877
Average commute: 21 minutes
Sources: Coldwell Banker Home Price Comparison Index; Zoom Porespector; U.S. Patent Office; U.S. Census; Growthink Venture Capital Research
While it might not be easy to save money in Manhattan or Beverly Hills, the cost of living in Austin, Texas, or Sunnyvale, Calif., is far more reasonable. With the economy in its current straits, expect to see a lot of former high-fliers looking to pinch pennies.
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