Salary Overview for Texas
The median individual income in Texas is $35,890 per year, while the mean (average) individual income is $48,710. The median household income is $73,035.
Cost of Living Adjusted Salary
Texas's cost of living index is 93 (national average = 100). This means the median salary of $35,890 in Texas has the purchasing power of approximately $38,591 at the national average cost of living. Your dollar goes further in Texas than in most states.
Minimum Wage in Texas
The current minimum wage in Texas is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Texas minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Texas
- H-E-B
- Texas Health Resources
- AT&T
Major Industries in Texas
- Energy
- Technology
- Healthcare
Tax Rates in Texas
See the full tax breakdown including income tax, sales tax, property tax, and more on our Texas tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Texas after federal and state taxes.