How Rich Are You in Texas? A Reality Check on Wealth Levels

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Planning to move to Texas? Here’s what you need to know about the money game in the Lone Star State.

Breaking Down Net Worth

Net worth = all your assets minus all your debts. Simple as that.

The Three Tiers:

Lower Income: Net worth ranges from $0-$15k. Basically little to no savings, minimal home equity, possibly some debt.

Middle Class: The sweet spot earns $48k-$145k annually. With Texas homes averaging $308k, a typical middle-class Texan sits on $50k-$450k in net worth. Factor in retirement accounts and you’re looking solid.

Upper Middle & Rich: Start around $450k for upper-middle, jump to $1M+ for “rich” territory. Dallas and Houston? They’re packed with millionaires and billionaires.

The Texas Advantage

Here’s the kicker: Texas ranks 14th lowest for cost of living in the US. Average personal spending? About $49k annually. That means your dollars stretch further than most states.

The Takeaway

Texas offers a relatively balanced financial landscape—lower living costs mean your net worth thresholds don’t need to be as aggressive as coastal states. You can build wealth here without needing Silicon Valley money.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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