Financial Profile: Texas
Financial landscape, tax rates, cost of living, and median income scoring for Texas residents.
Texas at a Glance
Avg Salary
$60,000
Cost of Living
93
Top Tax Rate
None
Adjusted Income
$64,516
Monthly Take-Home
$4,183
Max Rent (30%)
$1,500
Financial Genome at Median Income
Scores calculated for someone earning $60,000/yr in Texas with typical expenses.
PPI
53
C+
FPI
25
F
LRS
56
C+
REW
30
D
Living in Texas: Financial Overview
Texas has no state income tax, funded instead by property and sales taxes.
- No state income tax
- Major job growth
- High property taxes
Major Cities
Houston, Dallas, Austin, San Antonio
With a cost of living index of 93 (below the national average of 100), your dollar goes further in Texas. A $60,000 salary here has the purchasing power equivalent of $64,516 in an average-cost area.
Get Your Texas Score
See your personalized Financial Genome scores based on your actual income and expenses in Texas.
Calculate My Score