10 Richest Cities In America – Austin – 10/10

$150,000, you’d only need $72,912 to be comfortable in this Texas city.

Austin ( pronunciation (help·info)) (/ˈɒstɨn/, /ˈɔːstɨn/ or /ˈɑːstɨn/) is the capital of the US state of Texas and the seat ofTravis County. Located in Central Texas, Austin is the 11th-most populous city in the United States and the fourth-most populouscity in Texas and in the American South. It was the third-fastest-growing large city in the nation from 2000 to 2006.^[4] Austin is also the second largest state capital in the United States, after Phoenix, Arizona.^[5] As of July 1, 2014, Austin had a population of 912,791 (U.S. Census Bureau estimate). The city is the cultural and economic center of the Austin–Round Rock metropolitan area, which had an estimated population of 1,883,051 as of July 1, 2013.

In the 1830s, pioneers began to settle the area in central Austin along the Colorado River. After Republic of Texas Vice PresidentMirabeau B. Lamar visited the area during a buffalo-hunting expedition between 1837 and 1838, he proposed that the republic’s capital then located in Houston, be relocated to the area situated on the north bank of the Colorado River near the present-dayCongress Avenue Bridge. In 1839, the site was officially chosen as the republic’s new capital (the republic’s seventh and final location) and was incorporated under the name Waterloo. Shortly thereafter, the name was changed to Austin in honor ofStephen F. Austin, the “Father of Texas” and the republic’s first secretary of state.