The State of Texas Income Charts

This section shows the Texas Texas economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Texas depicts it has a Median earnings of $46,246 which is ranked #1 of all states in the greater region.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $61,874 which is the highest of all states in the greater Texas region.

The next section examines a variety of different income statistics for the Texas metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 7.3% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 7.2% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 31.6% of the total. Also, it has the largest proportion of earnings between $20,000 and $49,999 at 20.0% of the total and is ranked #1. In addition, it has the largest proportion of earnings between $50,000 and $74,999 at 7.5% of the total and is ranked #1. Furthermore, it has the largest proportion of earnings between $75,000 and $99,999 at 10.9% 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 a Avg Hours Worked of 40.0 which is the highest of all states in the area. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $22.23 which is more than all other states in the greater Texas region.

Figure 7 examines the number of self employed people in the Texas metro area based on the number of people who reported any self employment income. Texas shows it has a Self Employed of 11.8% which is is the uppermost of the states in the greater Texas region.

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $65,252 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $74,147 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $45,521 of the total and is ranked #1.

Figure 9 breaks down the source of income and Texas has the smallest proportion of self employment income at 10.8% of the total. Second, it has the smallest proportion of investment and retirement income at 5.6% of the total. Third, it has the smallest proportion of social security at 0.6% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 15.6% which is in the mid point range of other states in the metro area. The state with the highest households with retirement income in the group is Arkansas which shows a households with retirement income of 19.5% (25.4% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $76,880 of the total and is ranked #2. The only larger state being Louisiana with $76,949. Second, it has the largest proportion of white family income at $56,845 of the total and is ranked #1. Third, it has the largest proportion of black family income at $65,910 of the total and is ranked #1. Also, it has the largest proportion of american indian family income at $101,692 of the total and is ranked #1. In addition, it has one of the largest proportions of asian family income at $58,455 of the total and is ranked #2. The only larger state being Louisiana with $63,580. Furthermore, it has the largest proportion of hawaiian family income at $52,595 of the total and is ranked #1.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Texas depicts it has the hightest cost of 106.0 for the cost of utilities aggregate.

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 Coronavirus Pandemic the monthly unemployment rate went from 8.4% to 3.5% in February 2020. This represents a decrease in the monthly unemployment rate of 58.3%. Since that time, the monthly unemployment rate has gone to 6.7% This represents an increase in the monthly unemployment rate of 91.4%. 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 depicts that from February 2010 to before the Coronavirus Pandemic the monthly labor force participation went from 12,067,800 to 14,262,800 in February 2020. This represents an increase in the monthly labor force participation of 18.2%. Since that time, the monthly labor force participation has gone to 14,139,900 This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Texas depicts it has a Unemployment Rate of 3.3% which is the second most unemployment rate of all the states in the greater Texas region. The state with the highest unemployment rate in the group is Louisiana which shows a rate of 3.8% (17.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has a Labor Force Participation of 64.7% which is the highest of all states in the greater Texas region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Texas has the smallest proportion of unemployed at 35.3% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Texas indicates full time employees approximately 4.1 times bigger as the 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 in the greater Texas area. Texas shows it has a Single Earner Families of 33.3% which is the largest of all states in the greater Texas region. The percentage of families with no one working is depicted in Figure 22. Texas depicts it has a Families with No One Working of 13.4% which is in the mid range of other states in the greater region. The state with the highest families with no one working in the group is Arkansas which shows a families with no worker of 19.6% (46.3% larger).

The State of Texas Poverty Charts

The next section details economy analysis about poverty for residents of the Texas community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Texas depicts it has a Total In Poverty of 4,072,194 which is more than all other states in the greater Texas region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Texas depicts it has a Percent of Population In Poverty of 14.7% which is in the center range of other states in the greater region. The state with the highest percent of people earning less than the poverty level in the group is Louisiana which shows a percent of people in poverty of 19.2% (30.5% 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 11% of the total and is ranked #1. Second, it has the smallest proportion of person in poverty 18 to 34 years at 19% of the total. Third, it has the smallest proportion of person in poverty 35 to 54 years at 8% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Texas has the smallest proportion of white poverty rate at 19% of the total. Second, it has the smallest proportion of black poverty rate at 17% of the total. Third, it has the smallest proportion of american indian poverty rate at 10% of the total. Also, it has the smallest proportion of asian poverty rate at 19% of the total. In addition, it has the smallest proportion of hawaiian poverty rate at 21% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Texas has the smallest proportion of married with children and in poverty at 40% of the total. Second, it has the smallest proportion of unmarried with children and in poverty at 45% of the total. Third, it has the smallest proportion of unmarried female with children and in poverty at 22% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Texas has the smallest proportion of less than highschool in poverty at 14% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 9% of the total. Third, it has the smallest proportion of has some college and in poverty at 4% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Texas has the smallest proportion of people who are in poverty and employed at 3.6% of the total. 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.) the state of depicts it has a Public Assistance Percent of 12.2% which is in the middle range of other states in the local area. The state with the highest households with public assistance in the group is Louisiana which depicts a households with public assistance of 15.8% (29.4% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of shows it has a Gini Index of 47.9% which is the second most the gini index of all the states in the greater Texas region.

The State of Texas Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Texas community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Texas has the largest proportion of people who drive a car or motorcycle to work at 1% of the total and is ranked #1. Second, it has the smallest proportion of people who take public transportation to work at 2% of the total. Third, it has the largest proportion of people who bicycle or walk to work at 5% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Texas or elsewhere.) Texas has the smallest proportion of people who drove alone at 81% of the total. Second, it has the largest proportion of people who take the bus at 1% of the total and is ranked #1. Third, it has the largest proportion of people who take a Subway or elevated rail at 0% of the total and is ranked #1. Also, it has the largest proportion of people who take the Long-distance train or commuter rail at 0% of the total and is ranked #1. In addition, it has the smallest proportion of people who walked at 2% of the total. Furthermore, it has the largest proportion of people who work from home at 5% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Texas has the smallest proportion of people who leave for work between 6am to 630am at 10% of the total. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 12% of the total. Third, it has the largest proportion of people who leave for work between 730 am to 8am at 10% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 8am to 830am at 5% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 830 am to 9am at 6% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 9am to 10am at 3% of the total and is ranked #1. Next it has the largest proportion of people who leave for work between 10am to 11am at 1% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Texas has the smallest proportion of people with commute time of less than 5 minutesutes at 9% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 13% of the total. Third, it has the smallest proportion of people with commute time between 10 to 14 minutes at 16% of the total. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 15% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 3% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 4% of the total and is ranked #1. Next it has the largest proportion of people with commute time between 40 to 44 minutes at 9% of the total and is ranked #1. Additionally, it has the largest proportion of people with commute time between 45 to 59 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has a Avg Commute Time of 27 which is is the uppermost of the states in the greater Texas region. Figure 38 shows the difference between male versus female commuting time. Texas indicates average commute time in minutes for men 42.1% larger as the 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 depicts it has a Work in city or place where live of 53% which is the second most people who both work and live in the same city of all the states in the greater Texas region. The state with the highest people who both work and live in the same city in the group is Oklahoma which shows a people who both work and live in the same city of 56% (only about 4.7% 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 the hightest median earnings of $88,477 for the earnings-computer, engineering, and science occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of depicts it has the hightest median earnings of $73,687 for the earnings-computer, engineering, and science occupations group. The table in Figure 48, shows Texas employment data in terms of job categories and salary data.

The State of Texas Self Employment Charts

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

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. the state of depicts it has the hightest entrepreneurs of 23% for the self employed in professional, scientific, management, administrative services classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of depicts it has a Self Employment Income of $40,875 which is the largest of all states in the greater Texas region.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Texas depicts total number of self-employed men 77.3% larger as the total number of self-employed women.