Households in the Lone Star State earn an income that’s just below the U.S. median. The U.S. Census Bureau reports that the median household income in Texas is $73,035. In comparison, the median annual income in the U.S. is $75,149.
Diving deeper into Texas’ income data can offer more clarity about how your income compares to peers in your city and county. We’ve gathered data from the Census Bureau’s American Community Survey, Bureau of Labor Statistics (BLS), Massachusetts Institute of Technology (MIT), and others to help uncover the average salary in Texas across these categories so you know where your income stands.
Here’s a closer look into what the average salary in Texas is.
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Average Salary in Texas by Age in 2023
Generally, your income grows as you gain experience and seniority in the job market. Your peak income years are between ages 35 and 54, according to the BLS. The average salary in Texas typically decreases as workers transition into retirement, around the age of 65.
Below is the average income by age, according to a Scholaroo analysis of publicly gathered data.
| Age | Average Salary |
|---|---|
| 15 to 24 years | $38,563 |
| 25 to 44 years | $77,881 |
| 45 to 64 years | $88,321 |
| 65 years and older | $52,331 |
Whether you have a good salary for your age as a Texas resident depends on your assets versus financial obligations. You can use a net worth calculator by age to determine where your finances are today so you can make moves to reach your financial goals.
Then, with this information in mind, consider using a budget planner app to set budgeting and savings goals.
Median Salary in Texas by City in 2023
While the average salary in the U.S. is higher than a typical Texan’s annual income, salary data varies greatly based on the city where you live. Below is a list of the most-populated cities in the state and the median salary of their residents.
| City | Median Salary |
|---|---|
| Houston | $60,440 |
| San Antonio | $59,593 |
| Dallas | $63,985 |
| Austin | $86,556 |
| Fort Worth | $72,726 |
| El Paso | $55,710 |
| Arlington | $71,736 |
| Corpus Christi | $64,449 |
| Plano | $105,679 | Lubbock | $58,734 |
Source: Census Bureau
Median Salary in Texas by County in 2022
The Census Bureau offers the median household income across various Texas counties. Below are the median salaries, in order of lowest to highest.
| County | Median Salary |
|---|---|
| Houston | $51,043 |
| El Paso | $55,417 |
| Wichita | $58,862 |
| Lubbock | $61,911 |
| Bexar | $67,275 |
| Kent | $68,553 |
| Harris | $70,789 |
| Austin | $73,556 |
| Tarrant | $78,872 | Travis | $92,731 |
Depending on which Texas county you live in, median salaries vary widely. Although some of the more popular counties can offer higher incomes, if they also come with a higher cost of living, you may find it harder to maximize your income. Add other financial obligations, like loan and credit card debt, and saving toward your future goals, and your income might start looking lean.
Using a money tracker tool can help you stay on top of your necessary and discretionary spending. You can create specific budgets so you can track your progress toward a number of goals.
Recommended: What Is a Six-Figure Salary?
Examples of the Highest-Paying Jobs in Texas
Finding a well-paying job in Texas can help you achieve a more comfortable lifestyle. Fortunately, Texas is home to lucrative business sectors that offer a good entry-level salary, from aerospace and defense to energy production, thanks to the state’s abundant natural resources.
Here are just a few of the highest-paying jobs and their average salary in Texas, according to BLS data:
• Radiologists: $327,850. These medical professionals use imaging tools, like x-rays, magnetic resonance imaging, ultrasound, and other techniques to view patients’ internal anatomy and provide diagnostic images.
• Petroleum engineers: $155,290. As a petroleum engineer, you’re responsible for developing a plan to extract natural resources, like oil and gas, from the earth in a safe and efficient way.
• Aerospace engineers: $132,800. In this profession, you’ll design and develop aircrafts, shuttles, satellites, and defense-use missiles and rockets. You’re also responsible for inspecting designs and testing their functionality according to project goals.
• Industrial production managers: $130,850. In the manufacturing industry, industrial production managers are responsible for ensuring smooth operations when it comes to meeting production goals, managing staff, communicating with customers and suppliers, and more.
• Information security analysts: $119,480. These individuals design, implement, and monitor computer networks and systems, like firewalls, intranet, and more for an organization or company. They also test for vulnerabilities, make enhancements, and stay ahead of any new technologies that impact security within an organization.
There are many career opportunities to explore, whether you enjoy engaging with teammates and clients or are interested in jobs for introverts that don’t require a lot of person-to-person interaction.
Recommended: 25 Highest Paying Jobs in the US
The Takeaway
The average salary in Texas by age ranges from $38,563 to $52,331, which falls short of the average pay in the United States. Incomes greatly depend on where you are in your career — whether you’re just starting out, in your peak-earning years, or preparing for retirement.
How far your salary goes is also dependent on your existing assets, debt, and where you live. Learning how to calculate your net worth can help you determine where you are financially.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
FAQ
What is a good average salary in Texas?
The median household income in Texas is $73,035, according to the Census Bureau. Depending on where you live, your expenses, how many people are in your household, and other factors, that salary could provide you with enough money for a comfortable lifestyle.
What is the average gross salary in Texas?
According to BLS data, the average salary in Texas, across all occupations and industries, is $61,240. The average hourly wage in the state is $29.44. This is as of May 2023, the most current data available from the BLS.
What is the average income per person in Texas?
In 2023, the average salary in Texas is $65,422 per capita, meaning per person, according to the Federal Reserve Bank of St. Louis.
What is a livable wage in Texas?
In terms of a living wage, a good average monthly salary in Texas is $3,626 for an adult with no children., For a family of four with two working adults, a living wage is about $4,195 per earner, assuming both adults earn the same income.
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