Smith County, Texas
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Smith County Compares
Detailed Income Statistics
Income Advisory: Smith County
Income Verdict
Smith County has a median household income of $71,923 and per capita income of $34,785 — a gap of $37,138, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,197/month and a median household income of $71,923, rent consumes approximately 20.0% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $71,923 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $34,785 is in line with national norms for individual earners.
Neighbor Context
Smith County earns approximately 11.1% above the Texas state median household income of $64,737, positioning it favorably within the state.
Data Story
About Household Income in Smith County, Texas
Slightly Below National Household Income
Smith County's median household income of $71,923 trails the U.S. median of $74,755 by about $2,800, or 4%. While below the national average, the gap is modest, indicating Smith households earn near-typical American levels.
Above Texas County Average
At $71,923, Smith ranks solidly above the Texas county average of $64,737, placing it in the upper-middle income tier statewide. The county's per capita income of $34,785 also exceeds Texas's $33,197 average, reflecting healthy earning across the population.
Mid-Range Performer Regionally
Smith's $71,923 income positions it above Shackelford ($64,659), Shelby ($50,436), and Stephens ($54,695), but below Somervell ($83,382) and Sterling ($78,750). The county offers competitive wages alongside proximity to larger regional employment centers.
Housing Costs Squeeze Some Households
Smith's rent-to-income ratio of 20.0% sits elevated compared to national affordability standards, indicating housing claims one-fifth of median household income. The median home value of $220,800 reflects a competitive real estate market that strains less-affluent residents.
Balance Housing with Savings Goals
While housing costs are notable, Smith households can still allocate meaningful funds toward retirement and investment vehicles. Review your mortgage terms and consider refinancing opportunities or home equity strategies to free up capital for wealth-building.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Smith County
Your income is above the Smith County median
County median: $71,923 per year
vs. County Median
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vs. State Average
+11%
vs. National Median
-4%
Income Adequacy
Your monthly income ($5,994) vs. median rent ($1,197/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.