Salary & Cost of Living in Waxahachie, TX
Waxahachie, TX: $47,157 median salary, cost of living index 85, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$47,157
$23/hr
Cost of Living
85
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
4.5%
rate
Waxahachie, TX Overview
Population
40,222
Median Salary
$47,157
Average Salary
$52,816
Avg Commute
21 min
Median Home Price
$275,000
Median Rent
$1,120/mo
Job Growth
+2.7%
Sales Tax
6.25%
Waxahachie is located in Texas with a population of 40,222. The median household salary is $47,157 per year ($23/hour), which is $12,227 below the national median of $59,384. The average commute time is 21 minutes, and the city has a job growth rate of +2.7%.
Waxahachie Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Waxahachie, TX, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,929
$3,327.43/month · $1,535.74/biweekly · Effective Rate: 15.3%
Gross Pay
$47,157
Federal Tax
-$3,620
State Tax
$0
Local Tax
$0
FICA
-$3,608
Net Pay
$39,929
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,929.75 | $47,157.00 |
| Federal Income Tax | -$301.70 | -$3,620.34 |
| Texas State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$243.64 | -$2,923.73 |
| Medicare (1.45%) | -$56.98 | -$683.78 |
| Net Take-Home Pay | $3,327.43 | $39,929.15 |
Salary Comparison: Waxahachie vs Other Cities
See how Waxahachie's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Waxahachie, TX | $47,157 | 85 | $55,479 |
| National Average | $59,384 | 100 | $59,384 |
| Buckeye, AZ | $47,157 | 108.3 | $43,543 |
| Quincy, IL | $47,156 | 93.9 | $50,219 |
| Lufkin, TX | $47,148 | 87.7 | $53,761 |
| Elk Grove Village, IL | $47,144 | 91.8 | $51,355 |
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 Waxahachie
Waxahachie's cost of living index is 85 (national average = 100). Living in Waxahachie is 15% less expensive than the national average.
Median Home Price
$275,000
Median Monthly Rent
$1,120
Annual Rent Cost
$13,440
Your Salary's Purchasing Power
Your $39,929 annual take-home pay in Waxahachie has the purchasing power of approximately $46,975 in an average-cost US area. Your $47,157 salary stretches further here than in most US cities.
Top Industries in Waxahachie
Waxahachie's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,157.
Salary Tips for Waxahachie Workers
- Your salary goes further here. Waxahachie has a cost of living 15% below the national average. A salary of $47,157 here has the purchasing power of about $55,479 in an average-cost area.
- 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. Waxahachie's top industries include Energy, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $47,157 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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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 Waxahachie, TX?
The median salary in Waxahachie, TX is $47,157 per year, or $23 per hour. The average salary is $52,816. This is $12,227 below the national median of $59,384.
What is the cost of living in Waxahachie, TX?
Waxahachie's cost of living index is 85 (national average = 100), meaning it is 15% less expensive compared to the national average. The median home price is $275,000 and the median monthly rent is $1,120.
What are the best industries in Waxahachie?
The top industries in Waxahachie, TX include Energy, Technology, Healthcare. The city has a job growth rate of 2.7% and an unemployment rate of 4.5%. Workers in these industries often earn above the city's median salary of $47,157.
How does Waxahachie's salary compare to other cities?
Waxahachie's median salary of $47,157 is 20.6% below the national median of $59,384. However, when adjusted for cost of living (index: 85), the real purchasing power is approximately $55,479.
What is the minimum wage in Waxahachie, TX?
The minimum wage in Waxahachie, 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.