Salary & Cost of Living in Haltom City, TX
Haltom City, TX: $51,761 median salary, cost of living index 94.9, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,761
$25/hr
Cost of Living
94.9
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.6%
rate
Haltom City, TX Overview
Population
44,384
Median Salary
$51,761
Average Salary
$57,972
Avg Commute
20 min
Median Home Price
$251,000
Median Rent
$1,026/mo
Job Growth
+2.2%
Sales Tax
6.25%
Haltom City is located in Texas with a population of 44,384. The median household salary is $51,761 per year ($25/hour), which is $7,623 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.2%.
Haltom City Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Haltom City, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$43,628
$3,635.71/month · $1,678.02/biweekly · Effective Rate: 15.7%
Gross Pay
$51,761
Federal Tax
-$4,173
State Tax
$0
Local Tax
$0
FICA
-$3,960
Net Pay
$43,628
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,313.42 | $51,761.00 |
| Federal Income Tax | -$347.73 | -$4,172.82 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$267.43 | -$3,209.18 |
| Medicare (1.45%) | -$62.54 | -$750.53 |
| Net Take-Home Pay | $3,635.71 | $43,628.46 |
Salary Comparison: Haltom City vs Other Cities
See how Haltom City's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Haltom City, TX | $51,761 | 94.9 | $54,543 |
| National Average | $59,384 | 100 | $59,384 |
| Rochester Hills, MI | $51,820 | 94.4 | $54,894 |
| Beaverton, OR | $51,690 | 105.9 | $48,810 |
| Rockwall, TX | $51,851 | 87.9 | $58,989 |
| Troy, MI | $51,669 | 87.2 | $59,253 |
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 Haltom City
Haltom City's cost of living index is 94.9 (national average = 100). Living in Haltom City is 5.099999999999994% less expensive than the national average.
Median Home Price
$251,000
Median Monthly Rent
$1,026
Annual Rent Cost
$12,312
Your Salary's Purchasing Power
Your $43,628 annual take-home pay in Haltom City has the purchasing power of approximately $45,973 in an average-cost US area. Your $51,761 salary stretches further here than in most US cities.
Top Industries in Haltom City
Haltom City's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,761.
Salary Tips for Haltom City 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. Haltom City's top industries include Energy, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $51,761 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
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Frequently Asked Questions
What is the median salary in Haltom City, TX?
The median salary in Haltom City, TX is $51,761 per year, or $25 per hour. The average salary is $57,972. This is $7,623 below the national median of $59,384.
What is the cost of living in Haltom City, TX?
Haltom City's cost of living index is 94.9 (national average = 100), meaning it is 5.099999999999994% less expensive compared to the national average. The median home price is $251,000 and the median monthly rent is $1,026.
What are the best industries in Haltom City?
The top industries in Haltom City, TX include Energy, Technology, Healthcare. The city has a job growth rate of 2.2% and an unemployment rate of 3.6%. Workers in these industries often earn above the city's median salary of $51,761.
How does Haltom City's salary compare to other cities?
Haltom City's median salary of $51,761 is 12.8% below the national median of $59,384. However, when adjusted for cost of living (index: 94.9), the real purchasing power is approximately $54,543.
What is the minimum wage in Haltom City, TX?
The minimum wage in Haltom City, 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.