What Is the Average Income in Steiner Ranch?
Steiner Ranch, a master-planned community in Austin, Texas, is renowned for its upscale homes, family-friendly amenities, and stunning views of the Texas Hill Country. But what about its economic profile? If you’re wondering about the average income in Steiner Ranch, here’s a detailed look at how this affluent community compares to the surrounding area—and why it’s worth considering for your next move.
Average and Median Household Income
As of recent data, Steiner Ranch boasts impressive income levels:
- Average Household Income: $220,761
- Median Household Income: $187,286
These figures are significantly higher than the Austin metro area’s median income of $92,939 and Texas’s state median of $73,035. Such income levels reflect the professional, affluent residents that Steiner Ranch attracts.
What Drives Higher Income Levels in Steiner Ranch?
1. Professional Demographics
Many Steiner Ranch residents work in high-paying sectors such as technology, healthcare, and education. The community’s proximity to Austin’s tech hub and downtown makes it a preferred choice for professionals and executives.
2. Educational Attainment
A large percentage of residents in Steiner Ranch hold bachelor’s or advanced degrees, which directly correlates with higher earning potential. This aligns with Austin’s reputation as a center for education and innovation.
3. Quality of Life
Steiner Ranch offers an unmatched combination of:
- Access to Lakes: Proximity to Lake Austin and Lake Travis for recreation.
- Top Amenities: Multiple community centers, pools, and the University of Texas Golf Club.
- Highly Rated Schools: Families are drawn to top-performing schools like River Ridge Elementary.
These features appeal to higher-income families and professionals seeking a premium lifestyle.
Income Distribution in Steiner Ranch
Household Income Breakdown
- Approximately 44% of households earn over $200,000 annually.
- About 29% of households earn between $100,000 and $200,000.
This wealth distribution underscores the community’s affluent nature and helps maintain its reputation as one of Austin’s most desirable neighborhoods.
Per Capita Income
The per capita income in Steiner Ranch is $75,859, which is considerably higher than the Austin metro average of $49,787 and the Texas average of $37,514.
What Does This Mean for Prospective Residents?
1. Housing Market
Higher income levels support a competitive housing market. The median value of owner-occupied homes in Steiner Ranch is around $955,300, reflecting its desirability.
2. Cost of Living
While Steiner Ranch offers a high standard of living, the cost of living may be higher than other areas of Austin or Texas. This includes housing, property taxes, and other associated costs.
3. Community Services
The community’s affluence contributes to well-maintained public spaces, high-quality schools, and a variety of recreational opportunities, enhancing the overall quality of life.
Is Steiner Ranch Right for You?
If you value a family-friendly, luxurious lifestyle with access to top amenities and schools, Steiner Ranch is worth considering. The higher income levels reflect the community’s premium offerings, making it a standout choice for professionals and families alike.
Thinking about moving to Steiner Ranch? Contact me today to explore available homes and learn more about this vibrant, high-income community. Let’s find the perfect property that aligns with your lifestyle and goals.