Floyd County, Texas

Income Data

-14% vs. Texas average
$55,461
Median Household Income
$31,438
Per Capita Income

At a Glance

Median Household Income
$55,461
-14% vs. state avg
Per Capita Income
$31,438
-20% vs. national
Income-to-Housing Ratio
54.9%
income as % of home value
Rank in Texas
#187 / 253
by median household income

How Floyd County Compares

Floyd County$55,461
Texas Average$64,737
National Median$74,755

Detailed Income Statistics

$55,461
Median Household Income
$31,438
Per Capita Income
$101,000
Median Home Value
54.9%
Income-to-Housing Ratio

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

What is the median household income in Floyd County, Texas?
The median household income in Floyd County, Texas is $55,461, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Floyd County?
The per capita income in Floyd County is $31,438, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $55,461.
How does Floyd County compare to the Texas average?
Floyd County's median household income of $55,461 is lower than the Texas state average of $64,737. The per capita income is $31,438, compared to the state average of $33,197.
What is the per capita income in Floyd County, Texas?
The per capita income in Floyd County, Texas is $31,438, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Floyd County a low-income area in Texas?
Floyd County's median household income of $55,461 is below the Texas average of $64,737. The per capita income of $31,438 is also lower than the state average of $33,197. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Floyd County rank for income in Texas?
Floyd County ranks #187 out of 253 counties in Texas by median household income (1 = highest). With a median household income of $55,461 and per capita income of $31,438, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Floyd County

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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%

vs. Floyd County MedianAbout equal
vs. Texas Average14% below
vs. National Median26% below

Income Adequacy

Monthly income covers median rent7.9x

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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.