Palo Pinto County, Texas
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Palo Pinto County Compares
Detailed Income Statistics
Income Advisory: Palo Pinto County
Income Verdict
Palo Pinto County has a median household income of $64,972 and per capita income of $32,196 — a gap of $32,776, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,024/month and a median household income of $64,972, rent consumes approximately 18.9% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $64,972, residents of Palo Pinto County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $32,196 is in line with national norms for individual earners.
Neighbor Context
Palo Pinto County earns approximately 0.4% above the Texas state median household income of $64,737, positioning it favorably within the state.
Data Story
About Household Income in Palo Pinto County, Texas
Palo Pinto County trails U.S. median income
Palo Pinto County's median household income of $64,972 falls 13% short of the U.S. median of $74,755, reflecting a smaller regional economy. The county's energy and ranching sectors provide solid middle-class jobs despite limited population scale.
Matches Texas state average
Palo Pinto County's $64,972 income effectively ties the Texas state median of $64,737, placing it squarely in the middle tier of state counties. This alignment reflects the county's representative economic structure within the larger state context.
Peer earnings with nearby counties
Palo Pinto County's $64,972 mirrors Ochiltree County ($64,988) closely and outearns Panola County ($62,593), but trails Orange County ($73,372). These patterns reflect shared rural and small-regional economic characteristics.
Housing costs are reasonable
Palo Pinto County's rent-to-income ratio of 18.9% keeps housing costs well below the 30% sustainability threshold, freeing up income for other priorities. The median home value of $167,300 remains accessible for households earning the county median.
Start with employer retirement plans
Palo Pinto County residents should enroll in workplace 401(k) or 403(b) plans early to build long-term retirement security. The county's stable energy sector employment supports consistent contributions over decades.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $64,972 per year
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Income Adequacy
Your monthly income ($5,414) vs. median rent ($1,024/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.