Economy in Texas

Texas has an unemployment rate of 4.8%. The US average is 5.2%.

Texas has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is lower than the US average of 38.0%.

Tax Rates for Texas
- The Sales Tax Rate for Texas is 8.3%. The US average is 6.0%.
- The Income Tax Rate for Texas is 0.0%. The US average is 4.6%.

Income and Salaries for Texas
- The average income of a Texas resident is $26,513 a year. The US average is $28,555 a year.
- The Median household income of a Texas resident is $52,576 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYTexas, TexasUnited States
  Unemployment Rate4.8%5.2%
  Recent Job Growth1.1%1.6%
  Future Job Growth37.4%38.0%
  Sales Taxes8.3%6.0%
  Income Taxes0.0%4.6%
  Income per Cap.$26,513$28,555
  Household Income$52,576$53,482
  Family Median Income$61,958$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.9%1.3%
  Mining, quarrying, oil and gas extraction2.4%0.6%
  Construction7.8%6.2%
  Manufacturing9.1%10.4%
  Wholesale trade3.0%2.7%
  Retail trade11.6%11.6%
  Transportation and warehousing4.5%4.1%
  Utilities00
  Information1.8%2.1%
  Finance and insurance4.6%4.7%
  Real estate, rental, leasing1.9%1.9%
  Professional, scientific, technical services6.4%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.6%4.3%
  Educational services9.7%9.3%
  Health care and social assistance12.0%13.8%
  Arts, entertainment, recreation1.5%2.2%
  Accommodation, food services7.4%7.4%
  Other services5.3%4.9%
  Public administration4.3%4.8%
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    Reviews for Texas    135 Reviews
    Texas is rapidly changing - 3/28/2017
    There are numerous positives about TX. They include a strong work effort, basic honesty of its citizens, & no state income tax. Unfortunately major metro areas of DFW,... Read More

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    Texas is not a great place to live. - 8/17/2016
    You are sad, young girl from Austin, Texas. I was born, and raised, in New Jersey, and I wouldn't trade my youth spent growing up in the Garden State for anything. I... Read More

    Texas - 3/6/2016
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