Panola County, Texas
Income Data
At a Glance
How Panola County Compares
Detailed Income Statistics
Data Story
About Household Income in Panola County, Texas
Panola County significantly below national income
Panola County's median household income of $62,593 falls 16% below the U.S. median of $74,755, reflecting a smaller, rural economy. The county's agriculture and timber sectors provide employment but limit earning potential compared to larger metros.
Below Texas state median income
Panola County trails the Texas state median of $64,737 by $2,144, placing it in the lower-middle tier of state counties. The gap suggests economic challenges that more diversified Texas regions have managed to overcome.
Lower earner in the region
Panola County's $62,593 median ranks below Ochiltree ($64,988), Palo Pinto ($64,972), and Nueces ($66,021). The lower income reflects the county's rural character and reliance on agriculture relative to more industrialized neighbors.
Housing costs are lowest statewide
Panola County boasts the lowest rent-to-income ratio at 15.5%, meaning housing consumes just over 15% of household earnings—the best affordability in this county group. This advantage significantly enhances financial flexibility despite lower overall income.
Leverage housing cost advantage
Panola County's exceptional housing affordability creates opportunity—direct savings from low housing costs into retirement accounts and emergency funds to build resilience. Consider exploring local economic development programs or small business opportunities to supplement household income.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Panola County
Your income is above the Panola County median
County median: $62,593 per year
vs. County Median
+0%
vs. State Average
-3%
vs. National Median
-16%
Income Adequacy
Your monthly income ($5,216) vs. median rent ($810/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.