Salary & Cost of Living in Denton, TX
Denton, TX: $60,000 median salary, cost of living index 95, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
95
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.5%
rate
Denton, TX Overview
Population
139,869
Median Salary
$60,000
Average Salary
$66,500
Avg Commute
28 min
Median Home Price
$310,000
Median Rent
$1,300/mo
Job Growth
+2.8%
Sales Tax
8.25%
Denton is located in Texas with a population of 139,869. The median household salary is $60,000 per year ($29/hour), which is $616 above the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +2.8%.
Denton Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Denton, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,249
$4,187.38/month · $1,932.63/biweekly · Effective Rate: 16.3%
Gross Pay
$60,000
Federal Tax
-$5,162
State Tax
$0
Local Tax
$0
FICA
-$4,590
Net Pay
$50,249
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,000.00 | $60,000.00 |
| Federal Income Tax | -$430.13 | -$5,161.50 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$310.00 | -$3,720.00 |
| Medicare (1.45%) | -$72.50 | -$870.00 |
| Net Take-Home Pay | $4,187.38 | $50,248.50 |
Salary Comparison: Denton vs Other Cities
See how Denton's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Denton, TX | $60,000 | 95 | $63,158 |
| National Average | $59,384 | 100 | $59,384 |
| Tampa, FL | $60,000 | 102 | $58,824 |
| Idaho Falls, ID | $60,000 | 93 | $64,516 |
| Joliet, IL | $60,000 | 90 | $66,667 |
| Kansas City, MO | $60,000 | 90 | $66,667 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Denton
Denton's cost of living index is 95 (national average = 100). Living in Denton is 5% less expensive than the national average.
Median Home Price
$310,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $50,249 annual take-home pay in Denton has the purchasing power of approximately $52,893 in an average-cost US area. Your $60,000 salary stretches further here than in most US cities.
Top Industries in Denton
Denton's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,000.
Salary Tips for Denton Workers
- No state income tax advantage. Texas has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Denton's top industries include Education, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $60,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Denton, TX?
The median salary in Denton, TX is $60,000 per year, or $29 per hour. The average salary is $66,500. This is $616 above the national median of $59,384.
What is the cost of living in Denton, TX?
Denton's cost of living index is 95 (national average = 100), meaning it is 5% less expensive compared to the national average. The median home price is $310,000 and the median monthly rent is $1,300.
What are the best industries in Denton?
The top industries in Denton, TX include Education, Technology, Healthcare. The city has a job growth rate of 2.8% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $60,000.
How does Denton's salary compare to other cities?
Denton's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 95), the real purchasing power is approximately $63,158.
What is the minimum wage in Denton, TX?
The minimum wage in Denton, TX is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.