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Texas is a state of many contrasts. While many areas are low income, others are quite well off. When it comes to your finances, the ratio of income to expenses is what matters most. Even though the...
The difference in household income and the total cost of living values were scored and combined to show places in Texas that have a low cost of living as well as high salaries. All data is up-to ...
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
Here’s a look at the primary minimum wage tiers in this state. Standard Minimum Wage. Because Texas doesn’t have a state-specific minimum wage, it adopts the current federal rate of $7.25 per ...
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
The effect of adjusting the per capita personal income by the cost of living is to narrow the difference in the standard of living between most high-income cities and most low-income cities. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are ...
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El Paso County’s weekly average wage of $924 was well below the weekly wage averages for Texas ($1,336) and the nation ($1,334). As a comparison, the wage in nearby Dona Ana County, New Mexico ...