income news

Here is how Texans' income compares to the rest of the U.S. in 2025

SimplifyYourMoney.com

Hardworking Texans are making less money per year than the national median, a new WalletHub study has revealed.

The just-released report, "States Where People Have the Highest Income," found Texas workers are making a median annual income of $73,718, compared to the national median of $81,000 per year.

The study examined the average annual income of the top five percent, the average income of the bottom 20 percent, and the median income for all residents in all 50 states and the District of Columbia. Income was adjusted for the cost of living.

Texas ranked 11th in the study's rankings of states where residents have the highest incomes, moving up one spot from its 2024 ranking. Virginia claimed the No. 1 spot, followed by New Jersey (No. 2) and New York (No. 3).

Based on WalletHub's findings, the top five percent of Texans are making more than $504,000 per year. Meanwhile, the bottom 20 percent of Texas residents are making only $17,461 annually.

In a major city like Dallas, income disparities may appear to be even wider than other Texas cities. Earning a "comfortable" wage in Dallas now costs $4,000 more than it did last year, and being a middle-class earner means making a minimum of $46,743 a year and as much as $140,242. Making a six-figure salar y doesn't even go as far as it used to.

Yet Dallas still ranks among the top 10 wealthiest cities in America with 16 billionaires and 135 multi-millionaires calling the city home. Even Dallas' suburbs are attracting more high-income households than many other U.S. cities.

"The highest-earning 10 percent of individuals in the United States earn over 12 times more than those in the lowest-earning 10 percent, based on the latest Census data," said WalletHub analyst Chip Lupo. "By measuring the income of various percentiles against a state's median income, we can better identify where income disparities are more prevalent, which could help us better understand why residents of certain states struggle more to make ends meet."

The top 10 states with residents earning the highest income are:

No. 1 – Virginia
No. 2 – New Jersey
No. 3 – New York
No. 4 – Connecticut
No. 5 – Washington
No. 6 – Utah
No. 7 – Minnesota
No. 8 – Colorado
No. 9 – Illinois
No. 10 – Massachusetts

texas wallethub reports income dallas

Traffic Advisory

I-30 ramp closure in downtown Dallas will detour drivers until 2028

Photo courtesy Google Maps

At 10 pm Sunday, November 15 the westbound I-30 on-ramp from Canton Street/Akard Street will shut down until at least spring 2028.

Traffic alert for drivers on Interstate 30: Beginning at 10 pm Sunday, November 15, the westbound I-30 on-ramp from Canton Street/Akard Street will shut down and remain closed until spring 2028, TxDOT says.

Detour signs will be in place, directing traffic to use the onramp at Harwood Street for access to westbound I-30 during this time.

The closure is part of the ongoing I-30 Canyon corridor improvement project.

As a reminder, the following closures remain in place as part of this project:

All lanes of Botham Jean/Lamar Boulevard are closed and detoured at I-30 through late 2027.
Griffin Boulevard is narrowed to one lane in each direction at I-30 through early 2028.
All lanes of Cesar Chavez Boulevard are closed and detoured at I-30 through late 2028.
All lanes of Cadiz Street are closed and detoured at I-30. It will be rebuilt on a new alignment and reopen later in the project.
All lanes of Akard Street are closed and detoured at I-30 through summer 2028.
Good Latimer Expressway is narrowed to one lane in each direction at I-30 through early 2028.

According to TxDOT, drivers should plan ahead for extra travel time. No pedestrian access is allowed inside the closed work zones.

The I-30 Canyon project, between the I-35E and I-45 interchanges, is expected to be complete in 2031, weather permitting. Future scheduled lane and ramp closures for this project will be posted in DriveTexas.org as information becomes available.

For everyone's safety, TxDOT urges drivers to use caution in work zones by setting aside distractions, following posted speed limits, and being alert to slower traffic and crews in the area.

road closures detour i-30 canyon project traffic