High Income Austin Renters
Austin is number 19 in the U.S. in the category of high income earners that rent in lieu of home ownership. The news comes from RentCafe and a recent article, High Income Renters Study . High income earners are defined as $150,000 + annually.
Locally the number of high income households living in rentals multiplied by 3.2 in the past decade. This segment of the renter market is now the fastest growing in the U.S. with a 175% increase in the last ten years.