Salary & Cost of Living in Fort Worth, TX
Fort Worth, TX: $60,000 median salary, cost of living index 92, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
92
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.2%
rate
Fort Worth, TX Overview
Population
918,915
Median Salary
$60,000
Average Salary
$67,000
Avg Commute
27 min
Median Home Price
$280,000
Median Rent
$1,300/mo
Job Growth
+2.5%
Sales Tax
8.25%
Fort Worth is located in Texas with a population of 918,915. 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 27 minutes, and the city has a job growth rate of +2.5%.
Fort Worth Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fort Worth, 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: Fort Worth vs Other Cities
See how Fort Worth's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fort Worth, TX | $60,000 | 92 | $65,217 |
| 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 Fort Worth
Fort Worth's cost of living index is 92 (national average = 100). Living in Fort Worth is 8% less expensive than the national average.
Median Home Price
$280,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $50,249 annual take-home pay in Fort Worth has the purchasing power of approximately $54,618 in an average-cost US area. Your $60,000 salary stretches further here than in most US cities.
Top Industries in Fort Worth
Fort Worth'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 Fort Worth 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. Fort Worth's top industries include Aerospace, Healthcare, Logistics. 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.
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Frequently Asked Questions
What is the median salary in Fort Worth, TX?
The median salary in Fort Worth, TX is $60,000 per year, or $29 per hour. The average salary is $67,000. This is $616 above the national median of $59,384.
What is the cost of living in Fort Worth, TX?
Fort Worth's cost of living index is 92 (national average = 100), meaning it is 8% less expensive compared to the national average. The median home price is $280,000 and the median monthly rent is $1,300.
What are the best industries in Fort Worth?
The top industries in Fort Worth, TX include Aerospace, Healthcare, Logistics. The city has a job growth rate of 2.5% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $60,000.
How does Fort Worth's salary compare to other cities?
Fort Worth's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 92), the real purchasing power is approximately $65,217.
What is the minimum wage in Fort Worth, TX?
The minimum wage in Fort Worth, 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.