The State of Texas Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. Texas shows it has $44,888 median earnings which is ranked #1 of all statesin the area.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $59,570 median income which is more than all other statesin the area.

The next section examines a variety of different income statistics. In Figure 3 we see that it has the largest proportion of median earnings of $100,000 or more at 10.4% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 40.0 average hours which is the most of all statesin the area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $21.58 average hourly earnings which is the largest of all statesin the area.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. Texas shows it has 11.7% Self Employed which is more than all other statesin the area.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of Median Income for those under 25 years of age at $31,149 of the total and is ranked #1. Second, it has the largest proportion of Median Income-25 to 44 years at $63,253 of the total and is ranked #1. Also, it has the largest proportion of Median Income-45 to 64 years at $71,455 of the total and is ranked #1. In addition, it has the largest proportion of Median Income-65 years and over at $43,411 of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 14.6% households with retirement income which is in the mid point of other states in the area. The state with the highest households with retirement income in the group is Arkansas with a households with retirement income of 18.5% is 26.4% larger.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of Overall Family Income at $70,423 of the total and is ranked #1. Second, it has White Family Income the 2nd most of all the states in the area at $73,894 of the total and is ranked 3d last in the group. Also, it has the largest proportion of Black Family Income at $54,788 of the total and is ranked #1. In addition, it has the largest proportion of American Indian Family Income at $61,664 of the total and is ranked #1. Furthermore, it has the largest proportion of Asian Family Income at $97,701 of the total and is ranked #1. Next it has Hawaiian Family Income the 2nd most of all the states in the area at $56,920 of the total and is ranked 3d last in the group. Additionally, it has the largest proportion of Hispanic Family Income at $50,113 of the total and is ranked #1.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. Texas shows it has hightest cost of 106.0 for cost of utilities.

The State of Texas Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. It depicts that from February 2010 to before the Wuhan virus Pandemic the monthly unemployment rate went from 8.4% to 3.6% in February 2020. This represents a decrease in the monthly unemployment rate of 57.1%. Since that time, the monthly unemployment rate has gone to 7.0% This represents an increase in the monthly unemployment rate of 94.4%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. It shows that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 12,067,800 to 14,283,300 in February 2020. This represents an increase in the monthly labor force participation of 18.4%. Since that time, the monthly labor force participation has gone to 14,325,500 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows Texas shows it has 3.5% unemployment rate which is the 2nd most of all the states in the area. The state with the highest unemployment rate in the group is Louisiana with a rate of 4.1% is 17.3% larger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of indicates it has 64.6% participation rate which is the largest of all statesin the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Texas indicates full time employees is approximately 4.1 times bigger than part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner. Texas shows it has 33.6% families with a single earner which is the highest of all statesin the area. The percentage of families with no one working is depicted in Figure 22. Texas shows it has 13.3% families with no one working which is in the mid range of other states in the area. The state with the highest families with no one working in the group is Arkansas with a families with no worker of 19.6% is 47.6% larger.

The State of Texas Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. Texas shows it has 4,213,940 total people earning less than the poverty level which is more than all other statesin the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Texas reveals it has 15.5% percent of people earning less than the poverty level which is in the center of other states in the area. The state with the highest percent of people earning less than the poverty level in the group is Louisiana with a percent of people in poverty of 19.4% measures 25.4% larger.

In Figure 25 people who are in poverty are broken out by age group. Texas has the largest proportion of person in poverty Under 12 Years at 26% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. We see that Texas has the largest proportion of people who are in poverty and employed at 20.0% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) We can see that the state of shows it has 12.6% households with public assistance which is in the mid range of other states in the area. The state with the highest households with public assistance in the group is Louisiana with a households with public assistance of 16.0% is 26.8% larger.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of indicates it has 48.1% the Gini Index which is the 2nd most of all the states in the area.

The State of Texas Work Commute Charts

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Texas has the largest proportion of people with commute time between 45 to 59 minutes at 9% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of indicates it has 26 average commute time which is more than all other statesin the area.

Figure 38 shows the difference between male versus female commuting time and Texas demonstrates average commute time in minutes for men is 42.3% larger than average commute time in minutes for women. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of shows it has 54% people who both work and live in the same city which is the 2nd most of all the states in the area. The state with the highest people who both work and live in the same city in the group is Oklahoma with a people who both work and live in the same city of 56% is only about 4.5% larger.

The State of Texas Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has hightest median earnings of $86,238 for Earnings-Computer, engineering, and science occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has hightest median earnings of $71,965 for Earnings-Computer, engineering, and science occupations.

The State of Texas Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. the state of indicates it has hightest entrepreneurs of 52% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. the state of shows it has hightest entrepreneurs of 23% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. the state of indicates it has $39,996 average annual self employment income which is more than all other statesin the area.

Figure 52 shows the difference between the number of self employed men and self employed women. Texas shows total number of self-employed men is 79.6% larger than total number of self-employed women.