Salary & Cost of Living in Southlake, TX
Southlake, TX: $49,697 median salary, cost of living index 93.6, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$49,697
$24/hr
Cost of Living
93.6
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.4%
rate
Southlake, TX Overview
Population
32,322
Median Salary
$49,697
Average Salary
$55,661
Avg Commute
17 min
Median Home Price
$258,000
Median Rent
$1,048/mo
Job Growth
+0.9%
Sales Tax
6.25%
Southlake is located in Texas with a population of 32,322. The median household salary is $49,697 per year ($24/hour), which is $9,687 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +0.9%.
Southlake Salary by Experience Level (2026)
Wage distribution in Southlake, TX based on BLS percentile breakdown of the $49,697 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $30,812 | $14.81/hr | 0–2 years |
| Mid-Level (Median) | $49,697 | $23.89/hr | 3–7 years |
| Senior-Level | $70,570 | $33.92/hr | 8–15 years |
| Top 10% (90th Percentile) | $88,461 | $42.52/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Southlake Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Southlake, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$41,970
$3,497.50/month · $1,614.23/biweekly · Effective Rate: 15.5%
Gross Pay
$49,697
Federal Tax
-$3,925
State Tax
$0
Local Tax
$0
FICA
-$3,802
Net Pay
$41,970
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,141.42 | $49,697.00 |
| Federal Income Tax | -$327.09 | -$3,925.14 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$256.77 | -$3,081.21 |
| Medicare (1.45%) | -$60.05 | -$720.61 |
| Net Take-Home Pay | $3,497.50 | $41,970.04 |
Salary Comparison: Southlake vs Other Cities
See how Southlake's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Southlake, TX | $49,697 | 93.6 | $53,095 |
| National Average | $59,384 | 100 | $59,384 |
| Lawrenceville, GA | $49,694 | 85.6 | $58,054 |
| Marana, AZ | $49,646 | 98.4 | $50,453 |
| Battle Creek, MI | $49,644 | 94.5 | $52,533 |
| Miami Beach, FL | $49,615 | 104.1 | $47,661 |
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 Southlake
Southlake's cost of living index is 93.6 (national average = 100). Living in Southlake is 6.400000000000006% less expensive than the national average.
Median Home Price
$258,000
Median Monthly Rent
$1,048
Annual Rent Cost
$12,576
Your Salary's Purchasing Power
Your $41,970 annual take-home pay in Southlake has the purchasing power of approximately $44,840 in an average-cost US area. Your $49,697 salary stretches further here than in most US cities.
Top Industries in Southlake
Southlake's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $49,697.
Salary Tips for Southlake 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. Southlake's top industries include Energy, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $49,697 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.
Methodology & Local Economy Data Sources
How we calculate Southlake salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Southlake-TX metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Southlake indexed at 93.6.
- Median salary calculation: weighted average of Southlake's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $49,697 annual median.
- Tax burden reflects Texas state income tax (0%) (no local income tax), sales tax (6.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Southlake: 3.4%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Energy, Technology, Healthcare — based on QCEW employment concentration data.
- Job growth: 0.9% projected through 2034, derived from BLS Employment Projections program for Texas.
- Housing context: median home price $258,000, median rent $1,048/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Southlake, TX:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Southlake unemployment rate
- U.S. Census Bureau — Southlake QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Texas — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Southlake's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Texas labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Southlake, TX?
The median salary in Southlake, TX is $49,697 per year, or $24 per hour. The average salary is $55,661. This is $9,687 below the national median of $59,384.
What is the cost of living in Southlake, TX?
Southlake's cost of living index is 93.6 (national average = 100), meaning it is 6.400000000000006% less expensive compared to the national average. The median home price is $258,000 and the median monthly rent is $1,048.
What are the best industries in Southlake?
The top industries in Southlake, TX include Energy, Technology, Healthcare. The city has a job growth rate of 0.9% and an unemployment rate of 3.4%. Workers in these industries often earn above the city's median salary of $49,697.
How does Southlake's salary compare to other cities?
Southlake's median salary of $49,697 is 16.3% below the national median of $59,384. However, when adjusted for cost of living (index: 93.6), the real purchasing power is approximately $53,095.
What is the minimum wage in Southlake, TX?
The minimum wage in Southlake, 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.