I live just west of Austin, and I love it here. (Of course, I lived in the People's Republic of Minnesota for far too many years . . .) The only thing I miss is a basement; dig down a few inches to a few feet and you hit limestone, so few homes have basements.
The city of Austin is run by ultraleftist "green" idiots, who's solution to explosive growth is to obstruct traffic flow. (I see another poster refers to it as "Moscow on the Colorado"
)And more people run red lights here than any other place I've seen. I'd advise not living within the city limits. (Beware unincorporated areas nearby - Austin is noted for annexing parcels of land, raising taxes, and reducing services.)
Housing costs are rising quickly. Annual property taxes typically run from 2.5% to 3.5% of the market value of your home, which varies from place to place. Shop wisely. (Actually, with recent layoffs at places like Dell Computer, there may be some relative "bargains" on the market.) On the plus side, there's NO state income tax. Sales tax generally runs about 8%, but isn't collected on food and some medicine.
Gas is almost reasonable - I actually filled my tank for $1.19 a gallon this past weekend.
Lake Travis is nearby for water sports.
There's a monthly gun show on the east side, and a number of gun shops with good selections around. McBride's has a good selection, but they tend to be pricey. Heritage Firearms is more reasonably priced. Indoor ranges include Cook's and Red's; the latter sometimes has machine gun shoots, the former bowling pin shoots. Both offer classes for TX CHL. Hill Country Rifle Range to the west hosts both IDPA and IPSC shoots at least once a month, and other IDPA clubs are within driving distance.
Oh yeah - almost forgot. Even though Austin politicians are generally P's of S, I have the good fortune, living just west of Austin, to have Ron Paul as my congressman. He's the only person I've been able to vote FOR in an election for quite some time. (Usually I'm voting AGAINST the worst of two bad candidates.)