Floyd County, Texas
Income Data
At a Glance
How Floyd County Compares
Detailed Income Statistics
Data Story
About Household Income in Floyd County, Texas
Floyd County earns below national average
Floyd County's median household income of $55,461 falls 26% short of the national median of $74,755, creating a significant $19,294 annual income gap. This places Floyd in the lower-income quartile nationally, reflecting limited earning power in the county.
Trails Texas average by similar margin
At $55,461, Floyd County's median household income lags the Texas state average of $64,737 by $9,276 per household. The county's per capita income of $31,438 also falls below the state average of $33,197, indicating below-average earnings capacity across the board.
Among the lower earners regionally
Floyd County ($55,461) ties nearly with Falls County ($55,372) as the lowest-income counties in the F-cluster, exceeded only by Foard ($42,212). The county significantly trails Fayette ($76,541), Fannin ($68,377), Franklin ($66,800), and Fisher ($64,700).
Low housing costs offset modest income
Floyd County's rent-to-income ratio of 12.7% is among the best in the region, with a median home value of $101,000 representing just 1.8 years of median income. Affordable housing provides crucial financial relief for families earning below regional averages.
Build stability through careful planning
With modest income and affordable housing, Floyd County residents should prioritize debt elimination and emergency fund building before investing. Consider employer 401(k) matches as the first wealth-building step, then gradually add to savings as income grows or expenses decrease.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Floyd County
Your income is above the Floyd County median
County median: $55,461 per year
vs. County Median
+0%
vs. State Average
-14%
vs. National Median
-26%
Income Adequacy
Your monthly income ($4,622) vs. median rent ($587/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.