None of the Austin area's 10 most common jobs can buy a home in Lakeway
The typical house costs $791,015. At today's 7.32% mortgage rate, buying it takes $245,859 a year.
ESTIMATEHome price and rent for Lakeway, and jobs and tax for the Austin area. How the estimate works
THE AUSTIN AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $104K
Rent house $148K
Buy $246K
You
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Software developers
$134,120Rent an apt
General and operations managers
$117,850Rent an apt
Project management specialists
$102,390Rent over 30%
Registered nurses
$97,890Rent over 30%
Customer service representatives
$43,720Rent over 30%
Stockers and order fillers
$37,720Rent over 30%
Cashiers
$33,940Rent over 30%
Retail salespersons
$33,860Rent over 30%
Fast food and counter workers
$29,310Rent over 30%
Waiters and waitresses
$27,260Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.