The U.S. ZIP Code 78705 is associated with Austin, TX in Travis County. It is estimated that about 70.7% of residents in this Texas region hold a bachelor's degree or higher, while the per capita income is approximately $15,084. The median household income is approximately $20,326, and an estimated 17% of the population is living below the poverty line. The current population estimate for this region is 34,549.
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The median household income in ZIP Code 78705 is $20,326, while the region's mean household income is $48,211. Breaking income down further, per capita income in the region is $15,084. The per capita income in ZIP Code 78705 of $15,084 is approximately 51.77% less than the per capita income in the U.S. overall of $31,277. An estimated 16.6% of the population is living below the poverty line in this region. This rate is approximately74.74% higher than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 35.5% of the population in 78705 earn less than $10,000 per year, while an estimated 10.0% earn $15,000 to $24,999 per year, and 2.6% of 78705 residents earn $150,000 to $199,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 35.5% |
| $10,000 to $14,999 per year | 8.8% |
| $15,000 to $24,999 per year | 10.0% |
| $25,000 to $34,999 per year | 8.5% |
| $35,000 to $49,999 per year | 8.4% |
| $50,000 to $74,999 per year | 9.5% |
| $75,000 to $99,999 per year | 6.4% |
| $100,000 to $149,999 per year | 7.0% |
| $150,000 to $199,999 per year | 2.6% |
| $200,000 or more per year | 3.3% |
Residents of ZIP Code 78705 are younger than average. The median age of 21.0 years in ZIP Code 78705 is approximately 44.88% lower than the overall median age in the U.S. of 38.1 years. About 97.6% of residents are aged 18 years and older, and 1.9% of residents are 62 years and over. Approximately 47.1% of the population in 78705 falls in the age group 20 to 24 years, while an estimated 30.0% are aged 15 to 19 years. On the low end of the scale, 0.2% of 78705 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 0.6% |
| 5 to 9 years | 0.6% |
| 10 to 14 years | 0.5% |
| 15 to 19 years | 30.0% |
| 20 to 24 years | 47.1% |
| 25 to 34 years | 13.5% |
| 35 to 44 years | 2.5% |
| 45 to 54 years | 1.8% |
| 55 to 59 years | 1.0% |
| 60 to 64 years | 0.9% |
| 65 to 74 years | 0.8% |
| 75 to 84 years | 0.4% |
| 85 years and over | 0.2% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 78705 is current access to health insurance, as an estimated 80.2% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 78705 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 80.2% |
| Risk Behavior | Percent of adults* |
|---|
In ZIP Code 78705, 96.5% of the population graduated high school, while 70.7% have a bachelor's degree or higher. In this region, 1.3% achieved an education level less than 9th grade, while 27.4% hold a graduate or professional degree. Approximately 7.6% in this Travis County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.3% |
| 9th to 12th grade, no diploma | 2.2% |
| High school graduate (includes equivalency) | 7.6% |
| Some college, no degree | 15.6% |
| Associate's degree | 2.6% |
| Bachelor's degree | 43.3% |
| Graduate or professional degree | 27.4% |
Looking at race in the population that makes up ZIP Code 78705, 96.8% is one race, while 3.2% are two or more races. Approximately 18.1% of 78705 residents are hispanic or Latino (of any race). The most common race in 78705 (race alone or in combination with one or more other races), is White (73.3%), followed by Asian (17.4%) .
| Industry | Percent |
|---|---|
| White | 73.3% |
| Black or African American | 8.6% |
| American Indian and Alaska Native | 0.9% |
| Asian | 17.4% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 2.9% |
In ZIP Code 78705, 74.5% of the population lists "English only" as the language spoken in home, while 10.3% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 4.2% of homes, and other Indo-European languages are spoken in 9.3% of homes. Lastly, 1.8% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Travis County region.
| Language Spoken | Percent |
|---|---|
| English only | 74.5% |
| Spanish | 10.3% |
| Other Indo-European languages | 4.2% |
| Asian and Pacific Islander languages | 9.3% |
| Other languages | 1.8% |
The median home value in ZIP Code 78705 in July 2024 comes in at $835,832. The July 2024 value is approximately -1% lower than the $842,270 median value in February 2024, and -4% lower than the $870,843 median value in August 2023. Regarding the age of homes in ZIP Code 78705, an estimated 13.0% of homes were built between 2000 and 2009. Additionally, 12.7% of homes in the region were built between 1980 and 1989, while an estimated 3.5% of homes were built between 1940 and 1949 in this Travis County region.
| Month | Home value |
|---|---|
| Jul 2024 | $835,832 |
| Jun 2024 | $839,770 |
| May 2024 | $842,139 |
| Apr 2024 | $840,508 |
| Mar 2024 | $840,266 |
| Feb 2024 | $842,270 |
| Jan 2024 | $847,971 |
| Dec 2023 | $855,582 |
| Nov 2023 | $863,671 |
| Oct 2023 | $869,920 |
| Sep 2023 | $871,202 |
| Aug 2023 | $870,843 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 8.0% |
| Built between 2010 and 2013 | 12.3% |
| Built between 2000 and 2009 | 13.0% |
| Built between 1990 and 1999 | 12.5% |
| Built between 1980 and 1989 | 12.7% |
| Built between 1970 and 1979 | 11.8% |
| Built between 1960 and 1969 | 9.5% |
| Built between 1950 and 1959 | 4.5% |
| Built between 1940 and 1949 | 3.5% |
| Built in 1939 or earlier | 12.2% |
Regarding solar power potential, ZIP Code 78705 has an average daily solar radiation level of 5.45 kWh/m2/day. This is approximately 32.28% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 17.3% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 78705 | 9.9¢/kWh | 9.34¢/kWh | 6.17¢/kWh |
| Texas | 14.47¢/kWh | 9.11¢/kWh | 6.2¢/kWh |
| United States | 16.41¢/kWh | 13.1¢/kWh | 8.44¢/kWh |
| Month | ZIP Code 78705 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 4.72 | 1.9 | 5.84 |
| Feb | 5.52 | 3 | 6.31 |
| Mar | 5.07 | 3.65 | 7.02 |
| Apr | 5.63 | 5.13 | 7.3 |
| May | 5.39 | 5.17 | 7.13 |
| Jun | 5.73 | 5.72 | 6.95 |
| Jul | 5.89 | 6.22 | 6.51 |
| Aug | 6.26 | 6.08 | 6.65 |
| Sep | 5.94 | 5.15 | 7.02 |
| Oct | 5.66 | 3.32 | 6.92 |
| Nov | 5.07 | 2.33 | 5.99 |
| Dec | 4.48 | 1.78 | 5.46 |
In 78705, 45.5% of the population is in the labor force. Recent estimates place 5.9% as working from home, while the total labor force in the region has a mean travel to time to work of 16.8 minutes. Approximately 37.0% of the employed population 16 years and over in 78705 work in educational services, and health care and social assistance, while an estimated 18.0% work in arts, entertainment, and recreation, and accommodation and food services. On the lower end of the scale, just 0.5% of 78705 workers 16 years and over work in construction.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.6% |
| Construction | 0.5% |
| Manufacturing | 2.4% |
| Wholesale trade | 1.3% |
| Retail trade | 10.7% |
| Transportation and warehousing, and utilities | 2.3% |
| Information | 3.8% |
| Finance and insurance, and real estate and rental and leasing | 4.0% |
| Professional, scientific, management, and administrative | 12.6% |
| Educational services, and health care and social assistance | 37.0% |
| Arts, entertainment, and recreation, and accommodation and food services | 18.0% |
| Other services, except public administration | 4.8% |
| Public administration | 2.2% |
Regarding consumer complaints about financial products in ZIP Code 78705, checking or savings account have received the most complaints in 78705 in the past 12 months. Debt collection received the second most complaints. The most frequent complaint overall in this Travis County region was managing an account.
| Complaint Product | Number of Complaints* |
|---|---|
| Checking or savings account | 14 |
| Debt collection | 11 |
| Credit reporting or credit repair services | 10 |
| Credit card or prepaid card | 6 |
| Prepaid card | 6 |
| Other | 9 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Managing an account | 8 |
| Improper use of your report | 7 |
| Attempts to collect debt not owed | 5 |
| Problem getting a card or closing an account | 5 |
| Problem with a credit reporting company's investigation | 4 |
| Other | 27 |