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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 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 ...
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.
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.)
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 ...
Minimum wage employees in 22 states received a raise to start 2024 — the Lone Star State was not one of them. Here's how we compare Some states are raising minimum wage in 2024.
The 1938 minimum wage law only applied to "employees engaged in interstate commerce or in the production of goods for interstate commerce," but in amendments in 1961 and 1966, the federal minimum wage was extended (with slightly different rates) to employees in large retail and service enterprises, local transportation and construction, state ...
To find cities with high salaries and low costs of living, GOBankingRates analyzed and ranked cities in the U.S. that had a population of at least 20,000 residents, a median household income above ...