Wallet Wellness

Austin ranks among 10 best cities for your wallet, says new study

Austin ranks among 10 best cities for your wallet, says new study

Doc's Motorworks
Austin's the 10th best city for wallet wellness. Photo courtesy of Doc's Motorworks

Ahead of the year's biggest shopping season, WalletHub analyzed the 150 largest U.S. cities to see which ones are good for your wallet — and which ones aren't so hot. Based on the study, Austin is the 10th best city for wallet wellness.

Twelve factors were used to determine each city's score in two main categories: "Affordability/Budget" and "Livability/Local Environment." 

The Capital City ranks No. 11 for "Affordability/Budget." Austin's low foreclosure rate (the third lowest among the cities studied) and high median household income (No. 11) contribute to our ranking. Even more impressive is Austin's No. 7 ranking for "Livability/Local Environment." Our Gallup-Healthways Well-Being Index score, the fifth best among the cities, was a top contributor in this category. 

Only one other Lone Star city joins Austin in the top 10: Plano, which ranks No. 3. Fort Worth ranks No. 42, followed by Dallas (No. 61), San Antonio (No. 63), and Houston (No. 65). Brownsville is the third worst city for wallet wellness (No. 148).

To see the full list, head over to WalletHub.