When I first moved here to go to school at UT you could get a decent apartment for about $85 a month and the cost of living was nearly the lowest in the state. You could not get a freshly baked croissant but you could find decent biscuits just about anywhere. The town was small enough and compact enough that most students didn't see the need to own a car. In fact, it was so cheap in the early 1970's that my parents could afford to have three kids at the University at the same time; including graduate school. And with fifty cent Shiner Bock beer in bottles and $7 ticket prices at the Armadillo World Headquarters (famous music hall) it was very cost effective to take a date to see the Talking Heads open for the B-52's. Or was it the other way around? And yes! we generally walked there.
All that has changed. You can get croissants pretty much anywhere in Austin but sadly now McDonalds arguably has the best biscuits in town. You need a car if you live and work anywhere outside of downtown, and it better be a comfortable car because the same magazine article points to traffic and road congestion as one of the few big cons of living here. I'll list another big con: the price of housing has been sky rocketing for years.
We have the mixed benefit of living in a very nice neighborhood in the middle of the school district that just got named (again, and for decades running) as the best overall school district in Texas. Usually in the top 50 school districts in the USA. Demand to get kids into one of these top flight schools is red hot which means that we're deep into "tear down" territory (buying and tearing down an existing house to build a bigger, better one on the lot). People are moving here in droves from the west coast and they don't even blink at the thought of paying a million dollars for a basic 3 bedroom, two bathroom ranch style house just to tear it down and use the lot as the foundation for their new, multi-miillion dollar dream ranch style homes. There are currently five or six houses heading that way just on our block.
We are actually starting to think of selling our house and moving somewhere else. But we'll probably be overcome with nostalgia and laziness and just hunker down and wait until we're 65 and can lock in the homestead tax exemption....
I think the biggest attractions of Austin, beside the circus we call the State Legislature, are the beautiful blue skies, the great Tex-Mex food, and the fact that you can still paddle board right through downtown...
If you decide to move here just remember to bring a big bucket of cash. Home prices continue to rise and, sadly, so do the property taxes...
Infinite growth. Like bacteria in a Petri dish...