Milam County, Texas
Income Data
At a Glance
How Milam County Compares
Detailed Income Statistics
Data Story
About Household Income in Milam County, Texas
Milam Below National Income Mark
Milam County's median household income of $59,076 is 21.0% below the U.S. median of $74,755, reflecting economic patterns typical of rural Central Texas. The county's income level suggests moderate earning potential but below-average national prosperity.
Trails Texas State Average
Milam's median household income of $59,076 falls 8.8% below Texas's state average of $64,737, placing it in the lower-middle tier statewide. Per capita income of $33,760 slightly exceeds state average at $33,197, suggesting more balanced individual earning power.
Middle Income Among Peer Counties
Milam's $59,076 income exceeds McMullen County ($45,833) and Menard County ($48,191) but falls short of McLennan County ($63,888) and Mills County ($64,494). The county's income positioning reflects its place as a small, agricultural-industrial community in Central Texas.
Rent Affordable, Homeownership Possible
Milam's rent-to-income ratio of 19.3% indicates renters spend roughly one-fifth of earnings on housing, well within affordability guidelines. Median home values of $168,900 are moderately priced, making homeownership achievable for households at or above the county median.
Build Savings with Consistent Effort
Milam households earning the county median of $59,076 can establish meaningful savings by automating transfers to emergency funds and retirement accounts. Even modest monthly investments compound significantly over time, offering pathways to homeownership and financial independence.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Milam County median
County median: $59,076 per year
vs. County Median
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vs. State Average
-9%
vs. National Median
-21%
Income Adequacy
Your monthly income ($4,923) vs. median rent ($948/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.