A person working in Houston typically earns around 118,000 USD per year. Salaries range from 29,800 USD (lowest average) to 526,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What is a high salary in Houston?
Jobs are ranked by average annual salary with information up to date as of May 2021. In Houston, the annual mean wage is $57,790 or 0.8% lower than national mean of $58,260, while the highest-paying occupation makes $356,480.
What is considered upper class in Houston?
Houston residents say it takes a net worth of $2.5 million to be considered wealthy and $1.5 million to feel financially comfortable, according to data released by Schwab’s Modern Wealth Index.
What is a good salary to live in Houston?
What Salary Do I Need to Live in Houston? Not sure how much you need to earn in Houston to live comfortably? The recommended household income for a one-bedroom in Houston is about $40,080 per year. To live comfortably in a two-bedroom apartment, you’ll need to earn at least $47,680 per year.
What is considered a high salary in Texas?
While ZipRecruiter is seeing salaries as high as $216,482 and as low as $21,993, the majority of salaries within the Highest jobs category currently range between $53,904 (25th percentile) to $129,371 (75th percentile) with top earners (90th percentile) making $159,126 annually in Texas.
What’s a comfortable salary Houston?
Houstonians need to take home $131,400 a year to live comfortably in the city, the study found. This salary would allow residents to spend: $65,700 on necessities a year. $39,420 on discretionary spending a year.
What is the median salary in Houston TX?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 27.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $53,600 |
Is 100k a good salary in Houston?
Houston ranks No. 9 on the list of cities with the most take-home pay on a $100,000 salary, despite a relatively high housing cost. As with most cities in the top 10, Houston benefits from the lack of state income tax.
Is 100k a good salary in Texas?
Here’s how far $100,000 can go in Texas and across the country. Dallasites with a $100,000 salary can expect about $38,307 a year after essential expenses such as housing, groceries and health care, according to an analysis from GoBankingRates.
What salary is considered wealthy?
In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab’s annual Modern Wealth Survey.
Whats the average cost of living in Houston?
Houston cost of living is 96.5
| COST OF LIVING | Houston | Texas |
|---|---|---|
| Grocery | 98.1 | 93.7 |
| Health | 92.4 | 95.4 |
| Housing | 80.2 | 84.3 |
| Median Home Cost | $220,000 | $243,600 |
Is living in Houston expensive?
The cost of living in Houston is below the U.S. average
Compared to the nation’s 20 most populous metro areas, Houston has the second lowest overall cost of living, with costs 4.2% below the average for all 277 urban areas in the survey by the Council for Community and Economic Research (C2ER).
How much do I need to make to buy a house in Houston?
Houstonians need an annual salary of at least $47,000 to buy a single-family home in greater Houston, according to data from a local Keller Williams Memorial Realtor.
What is middle class income in Texas?
A three-person household must have earned $51,962 to $155,902 to be considered middle-class while a family of four must earn about $60,000 to $180,000.
Is 170k a good salary?
With the median U.S. income being about $80,000 a year, a household of four earning between roughly $52,000 and $175,000 a year is considered middle class.
How much does it cost to live in Houston per month?
Not including housing and school tuition, monthly expenses in Houston are around $2,900 for a family of four and about $800 for an individual. The reason we’re noting costs without rent or a mortgage is that housing prices vary drastically depending on the neighborhood and home size.
What is a good salary for a single person in Texas?
In the case of Texas, the most recent estimate shows that before taxes and for a single person, the required living wage would be $29,134 which includes estimated housing costs of $9,333 and estimated food costs of $3,177.
What is poverty level in Houston?
The share of individuals living in poverty in Greater Houston rose to 14.3 percent last year from 13.9 percent in 2017. A family of four, for example, is considered to be below the poverty threshold if the household’s income was below $25,465.
What is the average income in Houston Texas in 2021?
Households in Houston, TX have a median annual income of $52,450, which is less than the median annual income of $65,712 across the entire United States.
How much do City of Houston employees make?
City of Houston, Texas pays its employees an average of $67,305 a year. Salaries at City of Houston, Texas range from an average of $45,013 to $102,326 a year.
How much is 120k after taxes in Texas?
$91,293 per year
If you make $120,000 a year living in the region of Texas, USA, you will be taxed $28,708. That means that your net pay will be $91,293 per year, or $7,608 per month. Your average tax rate is 23.9% and your marginal tax rate is 31.7%.