Texas by the numbers
A decision-oriented profile: what it costs to live here, what the job market looks like, and how it stacks up against where you are now. Every figure links to its official source.
The bottom line on Texas
The cost-of-living picture
Overall prices in Texas run at 97.1 on the BEA index, where 100 is the US average — close to the national average. That puts it 3% below the national level, the 26th-cheapest state of 51. The single biggest factor is utilities, which sits at 87.5 — 12% below the national norm.
Housing
The typical renter pays $1,403 a month — about level with the national median of $1,413, the 19th-highest rent in the country. Buying is a bigger gap: the median home is worth $283,800, 15% below the national median. 62.6% of homes are owner-occupied, making it roughly typical in its owner/renter split. Renters here spend a median 30.9% of their income on rent, within the range usually considered affordable.
Do paychecks keep up with prices?
Median household income is $78,476, the 22nd-highest of 51 states. But income only matters relative to prices: adjusted for local costs, that is worth $80,820 in national-average terms. Once you account for how expensive Texas is, its paychecks slip from 22nd to 27th in real purchasing power — high pay that prices quietly erode.
The tax trade-off
Texas levies no tax on wage income. States without an income tax often lean on sales tax instead, and that holds here: the combined state-and-local sales tax averages 8.20%. (Tax figures are hand-verified from the Tax Foundation and dated on the page below.)
The job market
Unemployment stands at 4.3% (May 2026), about level with the national 4.2%. That tracks the national labor market closely. It is also the one figure here that refreshes monthly, rather than annually.
Every figure above is drawn from the sourced data on this page — no estimates, no filler.
What it costs to live here
Price level by component, 100 = US average. Higher means more expensive than the national average.
| Component | Texas | vs US avg |
|---|---|---|
| All items | 97.1 | −2.9% |
| Housing rents | 96.5 | −3.5% |
| Goods | 98.1 | −1.9% |
| Utilities | 87.5 | −12.5% |
| Other services | 97.1 | −2.9% |
BEA Regional Price Parities · SARPP · 2024 · rel. February 2026 · Official API
Housing & income (ACS)
| Median gross rent | $1,403/mo |
|---|---|
| Median home value | $283,800 |
| Median household income | $78,476/yr |
| Homeownership rate | 62.6% |
| Median rent as % of income | 30.9% |
| Median owner costs as % of income | 17.6% |
US Census ACS 5-Year Estimates · ACS5 · 2024 · rel. December 2025 · Official API
The job market
The seasonally-adjusted unemployment rate in Texas is 4.3% as of May 2026 (preliminary). This is the one figure here that updates monthly.
BLS Local Area Unemployment Statistics · LAUS · May 2026 · rel. May 2026 · Official API
How Texas has changed since 2005
Home prices (FHFA index)
Home prices in Texas are up 161% since 2005 (FHFA index). That outpaces the national 97% — home values here have grown faster than the country as a whole.
Data table
| Year | Texas | US |
|---|---|---|
| 2005 | 203 | 363 |
| 2006 | 214 | 379 |
| 2007 | 223 | 375 |
| 2008 | 225 | 348 |
| 2009 | 223 | 330 |
| 2010 | 222 | 324 |
| 2011 | 220 | 313 |
| 2012 | 225 | 315 |
| 2013 | 237 | 328 |
| 2014 | 255 | 345 |
| 2015 | 273 | 362 |
| 2016 | 293 | 382 |
| 2017 | 312 | 403 |
| 2018 | 329 | 422 |
| 2019 | 345 | 444 |
| 2020 | 365 | 471 |
| 2021 | 438 | 556 |
| 2022 | 494 | 617 |
| 2023 | 503 | 649 |
| 2024 | 521 | 685 |
| 2025 | 527 | 708 |
| 2026 | 529 | 713 |
Unemployment rate
State unemployment peaked at 8.3% in 2010 and stands at 4.3% today — a long recovery from that high.
Data table
| Year | Texas | US |
|---|---|---|
| 2005 | 5.5% | 5.1% |
| 2006 | 5% | 4.6% |
| 2007 | 4.3% | 4.6% |
| 2008 | 4.9% | 5.8% |
| 2009 | 7.6% | 9.3% |
| 2010 | 8.3% | 9.6% |
| 2011 | 8% | 8.9% |
| 2012 | 6.7% | 8.1% |
| 2013 | 6.3% | 7.4% |
| 2014 | 5.2% | 6.2% |
| 2015 | 4.5% | 5.3% |
| 2016 | 4.7% | 4.9% |
| 2017 | 4.4% | 4.4% |
| 2018 | 3.9% | 3.9% |
| 2019 | 3.5% | 3.7% |
| 2020 | 7.7% | 8.1% |
| 2021 | 5.6% | 5.4% |
| 2022 | 3.9% | 3.7% |
| 2023 | 4% | 3.6% |
| 2024 | 4.1% | 4% |
| 2025 | 4.2% | 4.3% |
| 2026 | 4.3% | 4.3% |
FRED (FHFA House Price Index & state unemployment) · FRED · through 2026 · rel. continuously updated · Official API
What you'd pay in tax
| Individual income tax | No wage income tax |
|---|---|
| Sales tax (state) | 6.25% |
| Sales tax (combined avg) | 8.20% |
Tax Foundation — 2026 State Individual Income Tax Rates and Brackets · Income · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20
Tax Foundation — State and Local Sales Tax Rates, 2026 · Sales · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20
How it compares to where you are now
See how far your income would go here versus your current state — adjusted for what things actually cost.
Compare your income in Texas →Where Texas ranks
Sources for every figure on this page
BEA Regional Price Parities ·
SARPP· 2024 · rel. February 2026 · Official APIBLS Local Area Unemployment Statistics ·
LAUS· May 2026 · rel. May 2026 · Official APIUS Census ACS 5-Year Estimates ·
ACS5· 2024 · rel. December 2025 · Official APITax Foundation — 2026 State Individual Income Tax Rates and Brackets ·
Income· 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20Tax Foundation — State and Local Sales Tax Rates, 2026 ·
Sales· 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20
Occupation wages and a full tax profile for Texas are being added. See the methodology →