Thanks to no state income tax and the low cost of living, seven out of the 10 cities in the top 10 are located in Texas. After deducting taxes and adjusting for the cost of living, a $100,000 salary on average is worth $77,885 across the 10 Texas cities.
But the rising cost of living certainly throws a wrench in the works. Luckily for Texans, a six-figure salary still goes pretty far in the state. In a new report from SmartAsset, a $100,000 salary in Texas is worth an average of $77,885 after taxes and adjusted for the cost of living.
As of Jan 29, 2024, the average annual pay for a Livable in Texas is $54,717 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.31 an hour. This is the equivalent of $1,052/week or $4,559/month.
A $100,000 salary is considered good in most parts of the country, and can cover typical expenses, pay down debt, build savings, and allow for entertainment and hobbies. According to the U.S. Census, only 15.3% of American households make more than $100,000 annually.
As of Jan 28, 2024, the average hourly pay for a 150K in Texas is $13.66 an hour. While ZipRecruiter is seeing salaries as high as $20.38 and as low as $10.30, the majority of 150K salaries currently range between $12.12 (25th percentile) to $16.78 (75th percentile) in Texas.
This will depend on the city where you live. In general, you'll need to earn between $110,000 and $125,000 annually to be in the top 20% in Texas' big cities, such as San Antonio, Houston, and Dallas.
It's a good salary for a city like Houston. Cost-of-living is not as high as cities in California but still a lot depends on your own standard of living. You can live comfortably off your salary in any of the suburbs of Houston.
As of Jan 29, 2024, the average hourly pay for a Mcdonalds Crew in Texas is $11.42 an hour. While ZipRecruiter is seeing salaries as high as $16.35 and as low as $7.61, the majority of Mcdonalds Crew salaries currently range between $10.77 (25th percentile) to $14.09 (75th percentile) in Texas.
A new study by personal finance website GOBankingRates.com has revealed a six-figure salary goes much farther in Dallas than any other city in North Texas - but not as far as you might think. The annual net pay after taxes for a Dallas-based six-figure earner comes out to $78,089, according to the study.
3, 2022 in Houston. According to SmartAsset, Houston ranks sixth among cities where a $100,000 salary goes the furthest. If you live in Houston and earn a $100,000 salary, you're doing pretty well, financially speaking.
This is the equivalent of $1,420/week or $6,153/month. While ZipRecruiter is seeing salaries as high as $102,947 and as low as $34,471, the majority of 90K salaries currently range between $55,400 (25th percentile) to $80,100 (75th percentile) with top earners (90th percentile) making $93,631 annually in Texas.
In January 2023, the HHS took the 2021 Census Bureau's poverty thresholds and adjusted them for price changes between 2021 and 2022, using the consumer price index. For individuals, the income threshold increased from $13,590 in 2022 to the current $14,580 and $27,750 to $30,000 for a family of four.
Success is relative, but a $200k annual salary can buy you quite a lot in Houston. At the same time, that salary can let you live comfortably in most other cities.
Business Insider looked at jobs with pay data available for Texas. Cardiologist was the highest-paying occupation in Texas, with an average annual wage of $413,510 in the state, based on 2022 data from the Bureau of Labor Statistics. That's higher than the occupation's average for New York, which was $348,860.
In the end, Texas is a great state to work and live in. The economy is booming, with job opportunities in every sector from technology to finance. It's also home to some of the most progressive cities in the country, including Austin, Dallas, and Houston.
If you want to live in Texas but you make 80K, you may be wondering if this is a good salary for Texas. The reality is that 80K in Texas is considered to be a very good salary for any kind of Texas resident.
Luckily for Texans, a six-figure salary still goes pretty far in the state. In a new report from SmartAsset, a $100,000 salary in Austin is worth an average of $73,777 after taxes and adjusted for the cost of living.
To be part of Texas' top 1 percent of earners, you need to have a household income of at least $631,849, according to a recent study. The Smart Asset study used IRS and Bureau of Labor Statistics data to determine the income needed to be in the 1 percent in each state.
$125k is a pretty good salary in the Austin market, especially if your expenses are moderate. It's definitely well above the median household income of $53k.
