Panola County, Texas

Income Data

-3% vs. Texas average
$62,593
Median Household Income
$35,020
Per Capita Income

At a Glance

Median Household Income
$62,593
-3% vs. state avg
Per Capita Income
$35,020
-11% vs. national
Income-to-Housing Ratio
42.9%
income as % of home value
Rank in Texas
#134 / 253
by median household income

How Panola County Compares

Panola County$62,593
Texas Average$64,737
National Median$74,755

Detailed Income Statistics

$62,593
Median Household Income
$35,020
Per Capita Income
$146,000
Median Home Value
42.9%
Income-to-Housing Ratio

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

What is the median household income in Panola County, Texas?
The median household income in Panola County, Texas is $62,593, 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 Panola County?
The per capita income in Panola County is $35,020, 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 $62,593.
How does Panola County compare to the Texas average?
Panola County's median household income of $62,593 is lower than the Texas state average of $64,737. The per capita income is $35,020, compared to the state average of $33,197.
What is the per capita income in Panola County, Texas?
The per capita income in Panola County, Texas is $35,020, 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 Panola County a low-income area in Texas?
Panola County's median household income of $62,593 is below the Texas average of $64,737. The per capita income of $35,020 is also comparable to 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 Panola County rank for income in Texas?
Panola County ranks #134 out of 253 counties in Texas by median household income (1 = highest). With a median household income of $62,593 and per capita income of $35,020, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Panola County

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Your income is above the Panola County median

County median: $62,593 per year

vs. County Median

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vs. State Average

-3%

vs. National Median

-16%

vs. Panola County MedianAbout equal
vs. Texas Average3% below
vs. National Median16% below

Income Adequacy

Monthly income covers median rent6.4x

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