Austin now houses more adults with roommates than ever before
As rental prices escalate, a rising number of Austinites are living together in order to cut costs. According to a report released by real estate website Zillow, Austin has more adults with roommates, whether a friend or a parent, than ever before.
At $1,690, Austin has the highest median rent in Texas, driving an increase in adults living together from 23 percent in 2000 to the current 30.4 percent.
The trend is seen elsewhere in Texas, including San Antonio, Houston, and Dallas-Fort Worth. San Antonio's median rent, which comes in at $1,335, is one of the lowest in the state. Despite this, San Antonio has the highest share of doubled-up households, which translates to 37.2 percent of adults live together, up from 23.6 percent in 2000.
Thirty percent of Dallasites have a roommate, up from 22.6 percent in 2000, and 32.8 percent of Houstonians share a home, up from 24.3 percent in 2000. In DFW, the median rent runs $1,596; Houston is slightly lower: $1,532.
Texas is in line with the national average, as Zillow says 30 percent of U.S. adults have roommates, up 8 percentage points since 2000. Nationwide, renters can expect to spend 28.8 percent of their monthly income on a rental payment, or $1,432.
"As rents have outpaced incomes, living alone is no longer an option for many working-aged adults," says Zillow's Aaron Terrazas. "By sharing a home with roommates — or in some cases, with adult parents — working adults are able to afford to live in more desirable neighborhoods without shouldering the full cost alone."
Two metros with some of the nation’s most expensive rents — Los Angeles and Miami — have the greatest share of doubled-up households. LA is at 45.5 percent, while Miami is at 41 percent.