State: Texas
| Households by Income | State: Texas | State: Texas |
| Households | % of Households | |
| Under $15,000 | 930,215 | 8.78% |
| $15,000 - $24,999 | 796,930 | 7.52% |
| $25,000 - $34,999 | 843,722 | 7.97% |
What is considered low income in Houston Texas?
What is considered low income in Texas? Currently, a single person living on a yearly salary of $10,830 or less is considered to be in poverty. For each additional member of the household, add $3,740. For example, if you have five people in your house, you would be considered extremely low income if your combined salaries equaled $25,790 or less.
What is the median income in Houston Texas?
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What is the average cost of living in Houston Texas?
Summary of cost of living in Houston, Texas. Family of four estimated monthly costs: $4,059; Single person estimated monthly costs: $2,189; Cost of living in Houston, Texas is cheaper than in 78% of cities in USA (25 out of 32) Cost of living in Houston, Texas is cheaper than in 77% of cities in N. America (30 out of 39)
How do you calculate median household income?
- The unit’s tax credit set aside
- The unit’s number of bedrooms
- The correct Area Median Income (AMI) schedule
What is the average individual income in Houston?
TablePopulationMean travel time to work (minutes), workers age 16 years+, 2016-202027.6Income & PovertyMedian household income (in 2020 dollars), 2016-2020$53,600Per capita income in past 12 months (in 2020 dollars), 2016-2020$33,62654 more rows
What is considered high income in Houston Texas?
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.
How much money do you need to live comfortably in 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.
What is the median income in Houston Texas 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.
Is Houston or Dallas richer?
According to the 2018 Knight Frank City Wealth Index, Dallas ranks seventh globally for the most households (297,970) earning at least $250,000 in 2017, just behind Houston at No. 6 (298,868 households).
What salary is considered upper class in Texas?
To be considered in the top 1% of Texas residents, you need to make at least $8,751,910. To crack the top 5%, you need to rake in at least $216,799. The average adjusted gross income of the top 1% is $1,681,737 while the top 5% makes about $585,405 on average.
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.
Does it cost more to live in Dallas or Houston?
Dallas is 5.3% more expensive than Houston. Dallas housing costs are 15.8% more expensive than Houston housing costs.
Is rent expensive in Houston?
The average rent in Houston is just $1,264 (up 16 percent from the local average last year) for a one-bedroom. Rent prices for studio apartments are around $1,375 and two-bedroom apartments average $1,649.
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 main industry in Houston Texas?
energy industryThe economy of Houston is based primarily on the energy industry, particularly oil.
Is Houston poor?
City-wide, the poverty rate rose from 13 percent in 1980 to 20 percent in 2018. The city now has nearly half a million people living below the poverty line.
What is the population of Houston?
There are 2,313,238 residents in Houston, with a median age of 33.3. Of this, 49.8% are males and 50.2% are females. US-born citizens make up 69.66...
What is the level of education in Houston?
Approximately 32.17% of the population in Houston holds a high school degree (that's 560,119 residents), while 19.64% have attained a college certi...
What are the employment statistics in Houston?
White-collar workers make up 75.35% of the working population in Houston, while blue-collar employees account for 24.65%. There are also 113,500 en...
What are the median and average incomes in Houston?
The average annual household income in Houston is $86,249, while the median household income sits at $53,600 per year. Residents aged 25 to 44 earn...
What are the most common means of transportation in Houston?
The top three means of transportation people in Houston use to get to work are: car, bus or trolley bus and walking. A total of 947,696 residents c...
What is the marital status of Houston residents?
A total of 746,473 people in Houston have never been married (which represents 40.81% of the total population), while 813,429 of them are wedded (4...
How many homeowners and renters are there in Houston?
There are 982,694 housing units in Houston, and the median year in which these properties were built is 1979. Of the 874,827 occupied housing units...
How many households are there in Houston?
There are a total of 874,827 households in Houston, each made up of around 3 members. Family establishments represent 60.23% of these Houston house...
What is the population of Houston?
There are 2,310,432 residents in Houston, with a median age of 33. Of this, 49.92% are males and 50.08% are females. US-born citizens make up 69.33% of the resident pool in Houston, while non-US-born citizens account for 10.43%.
What are the employment statistics in Houston?
White-collar workers make up 74.56% of the working population in Houston, while blue-collar employees account for 25.44%. There are also 107,024 entrepreneurs in Houston (9.45% of the workforce); 850,336 workers employed in private companies (75.1%); and 107,181 people working in governmental institutions (9.47%).
How many households are there in Houston?
There are a total of 858,374 households in Houston, each made up of around 3 members. Family establishments represent 60.83% of these Houston households, while non-family units account for the remaining 39.17%. Additionally, 32.96% of households have children and 67.04% of households are without children.
What are the median and average incomes in Houston?
The average annual household income in Houston is $84,180, while the median household income sits at $52,338 per year. Residents aged 25 to 44 earn $54,218, while those between 45 and 64 years old have a median wage of $58,972. In contrast, people younger than 25 and those older than 65 earn less, at $30,893 and $42,328, respectively.
How many homeowners and renters are there in Houston?
There are 968,704 housing units in Houston, and the median year in which these properties were built is 1978.
What are the most common means of transportation in Houston?
The top three means of transportation people in Houston use to get to work are: car, bus or trolley bus and walking. A total of 979,768 residents commute by car, 38,863 prefer going to work by bus or trolley bus and 21,811 by walking.
What is the median and average Household income in Houston by Zipcode?
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2019 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
Household Income Key
The median household income in Houston is $79,693. This means Houston income is much higher than the median income in the United States, with city household incomes in the 85th percentile. Education is usually most correlated with income, and in the Houston metro area 31% of adults have bachelor’s degrees or higher versus 31% nationwide.
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