Texas (TX) · No state income tax · Property tax: 1.80% · Median home (ZHVI): $295,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
Your savings rate — the percentage of gross income you save — is the most important factor in building wealth. In Texas, with no state income tax, more of your gross income reaches your bank account, making it easier to hit a 20%+ savings rate target. The cost of living index of 97.1 determines your expense floor — moderate living costs give you more room to save aggressively. Target at least 20% for financial independence, adjusting for Texas's specific cost profile.
Median income + cost-of-living scale the savings rate for the savings rate calculator in Texas. Every row cites a primary public dataset. Numbers reflect the most recent vintage available; refresh cadence is documented in the methodology.
The Savings Rate Calculator runs a well-known formula (principal × rate, discounted cash flow, amortization, or equivalent) client-side and layers on Texas's tax and cost-of-living inputs. State-specific numbers — brackets, exemptions, and averages — come from public federal / state datasets cited in the sources section.
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | HUD FMR 2BR | Median income |
|---|---|---|---|---|
| Houston, TX | $307,493 | $1,610/mo | $1,475/mo | $80,458 |
| Dallas, TX | $364,734 | $1,645/mo | $1,525/mo | $87,155 |
| San Antonio, TX | $279,026 | $1,391/mo | $1,275/mo | $74,297 |
| Austin, TX | $427,045 | $1,579/mo | $1,450/mo | $97,638 |
| Fort Worth, TX | $330,000 | $1,354/mo | $1,250/mo | $66,200 |
Sources: Zillow ZHVI + ZORI[1], HUD FMR[2], Census ACS[3], Freddie Mac PMMS[4].
Moving one state over changes the savings rate numbers. Compare median home value (Zillow ZHVI), top marginal income tax rate, effective property tax rate, and the BEA all-items Regional Price Parity across Texas and its border states.
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Texas (this page) | $295,000 | None | 1.80% | 97.1 |
| Arkansas side-by-side | $198,000 | 3.90% | 0.64% | 86.8 |
| check Louisiana | $215,000 | 3.00% | 0.55% | 88.7 |
| New Mexico equivalent | $305,000 | 5.90% | 0.80% | 91.0 |
| Oklahoma equivalent | $205,000 | 4.75% | 0.90% | 88.7 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
These calculators share inputs with the savings rate formula, so pair them to pressure-test your answer from multiple angles.
| Metric | Texas | National Avg | AR | LA | NM |
|---|---|---|---|---|---|
| Median Home Price | $295,000 | $420,000 | $275,000 | $285,000 | $345,000 |
| Property Tax Rate | 1.8% | 1.07% | 0.62% | 0.55% | 0.8% |
| State Income Tax | None | 4.6%* | 4.9% | 4.25% | 4.9% |
| Avg Insurance Cost | $4,240/yr | $1,544/yr | $1,440/yr | $1,920/yr | $1,440/yr |
| Cost of Living Index | 97.1 | 100 | 84 | 91 | 93 |
| Household Income — p25 | $42,656 | $41,401 | $32,400 | $27,664 | $30,792 |
| Household Income — p50 (median) | $80,800 | $83,592 | $64,553 | $60,000 | $64,000 |
| Household Income — p75 | $152,118 | $153,000 | $115,675 | $113,423 | $122,600 |
*Average of states that levy an income tax. 2026 estimates. Texas has no income tax but the 6th-highest property tax rate in the nation.[3] Income percentiles from DQYDJ/Census CPS 2024[4].
Track take-home pay: no state income tax means only federal + FICA apply — one of the simpler payroll pictures in the U.S. in Texas.
Anchor savings goals to the Texas cost of living index (97.1). A national 20% savings rate needs adjustment up or down depending on local expense floors.
Use tax-advantaged accounts first: 401(k), HSA, IRA. Since Texas has no income tax, Roth accounts may be especially attractive — you lock in today's zero-state-tax cost forever.
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The Texas page uses the property tax rate (1.8%), median home price ($295,000), and no state income tax from the sources listed below.
Refresh cadence:state tax brackets and minimum wage rates are reviewed annually after each state's legislative session. Property tax, median home price, insurance, and cost-of-living figures are reviewed annually against the primary sources. Income percentiles are refreshed when the Census CPS/IPUMS releases update (typically September). Page-level dateModified matches the last editorial review date, shown above.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
Use Savings Rate Calculator for any city in Texas.
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
CalcFi does not sell data. If you spot an error, email hello@calcfi.app with the URL and the correct figure.