What is the top 1 income in Texas?

To be in the top 1% of earners in Texas, a household needed an annual income of approximately $743,955, based on a SmartAsset analysis of 2022 IRS data adjusted to May 2025 dollars, though this figure can fluctuate slightly year to year. This places Texas among states with higher income thresholds for the top percentile, requiring significant earnings compared to the national average.

What is top 1 income in Texas?

To be one of the highest earners in Texas has become a little easier in 2025: According to a new financial analysis from SmartAsset, Texans have to make $743,955 to qualify as a top 1 percent earner in the state. If that sounds like a lot, it's still $18,000 less than 2024, when you had to pull in $762,090 a year.

What is considered 1% in Texas?

To be one of the highest earners in Texas, residents have to make about $18,000 less than they did last year, a new financial analysis from SmartAsset has found. Despite that amount being lower, it still means Texans have to make $743,955 to qualify as a top one-percent earner in the state in 2025.

How many people in the US make $500,000 a year?

Over a million Americans earn $500,000 or more annually, with estimates from late 2024/early 2025 suggesting around 1.5 million people fall into this high-income bracket, representing roughly 0.9% of workers, though this varies by location, with high concentrations in tech hubs like the San Francisco Bay Area. This is a much smaller percentage than many people perceive, with studies showing a common overestimation of how many people earn such high incomes. 

What is an upper class income in Texas?

Upper-class income in Texas varies, but generally starts around $150,000 to over $200,000+ annually, depending on family size and location, with definitions ranging from exceeding the middle-class threshold (around $152k for a family of four) to earning significantly more for the top 1%. For instance, some data suggests families need over $216k for the upper class, while top earners might make over $130k more than the 2024 state average for the top 1%. 

What Is Considered a “Good Income”?

What is considered a high salary in Texas?

While ZipRecruiter is seeing salaries as high as $139,748 and as low as $50,775, the majority of Highest salaries currently range between $69,400 (25th percentile) to $92,700 (75th percentile) with top earners (90th percentile) making $116,456 annually in Texas.

Is a 300k salary considered rich?

Is $300,000 a Year Considered Rich? Given that the average salary in the U.S. is about 21% of $300,000, yes, many would consider someone earning $300,000 per year by themselves to be rich. However, in most states, you'd need to make substantially more than $300,000 per year to be in the top 1% of earners.

What is a top 2% salary in the US?

To be in the top 2% of income earners in the U.S., you generally need an income well into the high six figures, with thresholds around $400,000 to over $438,000 depending on the year and data source, often placing you in the top 1-2%, while household income thresholds can be similar or higher, with some sources pointing towards $400k+ to enter the top tiers. 

How many Americans make $1,000,000 a year?

Roughly 800,000 U.S. taxpayers reported earning $1 million or more in annual income around 2022, representing about 0.5% of all tax returns, though some estimates suggest slightly higher or lower numbers depending on the year and data source, with numbers growing due to economic factors. This is a small fraction of the total population, though the perception of millionaires is often higher than reality. 

Is $20 an hour good in Texas?

$20 an hour in Texas is a decent wage, often above minimum wage and average unskilled pay, but whether it's "good" depends heavily on your location (big city vs. rural), lifestyle, and family size, as it can be tight in expensive areas like Austin/DFW for a single person and is significantly below the living wage for families. For a single adult, it's near or slightly below the calculated living wage in some areas but provides modest income, while for a family, it's generally not enough to cover basic needs without significant financial strain. 

Is $5 m net worth rich?

Generally, a liquid net worth of at least $1 million would make you a high net worth (HNW) individual. To reach a very high net worth status, you'd need a net worth of $5 million to $10 million. Individuals with a net worth of $30 million or more might qualify as ultra-high net worth.

What is the main income of Texas?

Texas' main income sources for the state government are Federal Funding (for programs like healthcare) and Sales Taxes, while the overall state economy thrives on diverse sectors like Energy (Oil, Gas, Renewables), Technology, Agriculture, and massive exports, driven by its lack of state income tax. 

How many people in Texas make over 200k?

SmartAsset, a financial technology company, said IRS data from the 2021-2022 tax year showed more than 8,000 households earning $200,000 annually or more came to Texas.

What is the richest suburb in Texas?

Texas's richest suburbs, known for high incomes and home values, consistently include Highland Park & University Park (Dallas area), West University Place & Bellaire (Houston area), and Southlake & Colleyville (DFW area). These enclaves offer upscale living, top-tier amenities, and proximity to major cities, with places like West University Place often cited as having the highest average household incomes.
 

What career makes the most money in Texas?

The highest paying jobs in Texas are primarily in specialized medicine, like Cardiologists, Surgeons, and Psychiatrists, followed by senior executive roles (CEOs, VPs), top-tier IT/Tech leaders, and specialized Engineering fields (Petroleum, Chemical), with many six-figure earners in tech (Software Architects, ML Engineers) and management (Finance, IT Managers) also prevalent in the booming state.
 

How many Americans make $200,000 a year?

Around 14-16% of U.S. households earn $200,000 or more annually, which translates to roughly 15-20 million households, while for individuals, $200k puts you in the top 5% of earners, with data suggesting roughly 10-12% of households are above this mark, showing it's a significant income bracket but still well above the median household earnings. 

How many Americans make $500,000 a year?

While exact, real-time numbers vary, recent data suggests over 1 million Americans earn $500,000 or more annually, representing a small fraction (less than 1%) of the workforce, though this group is concentrated in high-cost-of-living areas like the Bay Area, NYC, and Houston, often in tech, finance, or energy.
 

Is $300,000 a good salary in the USA?

Yes, $300k is a very good salary in the U.S., placing you in a high income bracket (top 5-10%) and allowing for a comfortable lifestyle in most areas, but its sufficiency depends heavily on location (NYC vs. rural), family size, and major expenses like high-cost city living, private schooling, or significant debt. While it offers financial freedom for many, high earners in expensive areas might find it tight for affording luxury housing, elite education, and savings without careful budgeting. 

How many Americans earn $300,000?

Roughly 2% of employed individuals earn $300,000 or more, while a slightly larger portion of households, maybe around 2.5-4%, reach that income, though exact figures vary by data source and whether it's individual or household income, with some studies showing about 10% of households exceeding $250k, placing $300k well into the higher income brackets. 

Is $500,000 a good salary in the US?

Unfortunately, these sky-high salaries are not easy to come by. Only one in 127 jobs in the U.S. pays $500,000 or more, representing about 0.8% of roles, according to an analysis from ADP.

What salary is upper middle class?

An upper-middle-class salary in the U.S. generally falls between $100,000 to $250,000 annually for a household, but this varies significantly by location, with high-cost areas like California needing much more ($140k+) and lower-cost states needing less (around $85k-$110k), often defined as earning roughly 2/3 to double your state's median income. 

What city in Texas pays the most?

While major hubs like Dallas, Houston, and Austin offer high-paying jobs, the highest paying cities in Texas by income are often affluent suburbs and enclaves like West University Place, Southlake, and Highland Park, with median household incomes well over $200k, driven by professional roles, tech, and energy sectors, though overall average salaries are high in the DFW area and Austin. 

What jobs pay $100,000 a year in Texas?

salary of 100k jobs in texas

• Master Automotive Technician with 100K Plus Earning Potential. Trinity Auto Haus —Waco, TX. ...
• Assistant Public Defender. Crossroads Defenders —Victoria, TX. ...
• Primary Care Physician. Conviva Senior Primary Care —Corpus Christi, TX3.7. ...
• Chiropractor. ...
• Chiropractor. ...
• Chiropractor. ...
• Account Executive. ...
• Cleaner.

Is 200K a good salary in Texas?

Yes, $200,000 is an excellent salary in Texas, far exceeding median incomes and affording a very comfortable lifestyle, though its value depends on the specific city (like expensive Austin vs. more affordable parts of Houston) and individual spending habits. While Texas is known for lower taxes (no state income tax), the cost of living, especially housing in major hubs, varies, but a $200k income provides significant financial flexibility for most Texans, allowing for homeownership and savings.