The City of Austin has fallen to the No. 40 spot on the U.S. News & World Report’s list of Best Cities to Live in the U.S in 2023-2024. The drop in ranking follows last year’s list where Austin ranked No. 14.
PUBLISHED 3:59 PM CDT May 18, 2023has fallen to the No. 40 spot on the U.S. News & World Report’s list of Best Cities to Live in the U.S in 2023-2024Even that was a lower ranking from 2017-2019, when the Capital City continuously held the No. 1 spot.
Based on this, Austin’s drop in ranking could be due to several factors. In recent years, Austin has become a desirable place to live, and because of this it has experienced a boom in people moving there. This made the cost of living skyrocket. Though, housing costs in the area have gone down since the height of the pandemic,“Austin offers a lower value than similarly-sized metro areas when comparing housing costs with median household income,”Austin received an overall rating of 6.4.
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