Audio processing with audio transparency can include receiving a user content audio signal and receiving a microphone signal. The microphone signal can contain sensed sound of a user environment. Strength of the sensed sound can be increased based on strength of the user content audio signal, to reduce a masking of the sensed sound during playback. The sensed sound and the user content audio signal can be combined in a composite output audio signal used to drive a speaker. Other aspects are also described and claimed.