Latest Median Net Worth of Texas Households
The Federal Reserve's Survey of Consumer Finances reports the median net worth of household Texas residents at roughly $110,000 to $125,000 in the most recent dataset, placing the state near the national median but below high-wealth coastal states. This figure reflects a sharp rebound after pandemic-era volatility, supported by strong job growth in energy, technology, healthcare, and logistics across Texas metro areas. For context, the mean net worth is much higher because of a small share of ultra-wealthy households, so the median better represents typical families. The data is drawn from the Federal Reserve's triennial Survey of Consumer Finances, which provides detailed balance-sheet snapshots of American households Survey of Consumer Finances.
Texas households benefit from a large share of homeownership, modest property tax burdens relative to some states, and a diversified economy anchored by energy, manufacturing, and tech. However, the state also has a high cost of living in metros such as Austin, Dallas, and Houston, and many residents carry significant mortgage and auto debt. The latest figures show that home equity remains the largest asset category for the median Texas household, while retirement accounts and business equity contribute meaningful but smaller shares. These patterns mirror national trends but are amplified in Texas by rapid in-migration and construction activity Texas Migration and Housing Demand.
How Texas Compares Nationally and Across Metros
In national rankings, the median net worth of household Texas residents typically falls in the middle tier, trailing states like Maryland, New Jersey, and Connecticut but ahead of many Southern and Midwestern states. Within Texas, metro-level data from the Federal Reserve and Bureau of Economic Analysis show that the Austin-Round Rock and Dallas-Fort Worth areas have higher median net worth than the state average, driven by tech-sector wages and rapid equity appreciation. Houston and San Antonio remain closer to or slightly below the statewide median, reflecting more mixed income distributions and higher exposure to energy-sector cycles. The variation across metros highlights how local industry mix and housing market dynamics shape household balance sheets Bureau of Economic Analysis Regional Data.
Rural and small-town Texas households often report lower median net worth than urban centers, with home equity and farm or ranch assets playing a larger role and fewer retirement or investment accounts. Income inequality remains elevated, and the gap between the median and mean net worth is wider in Texas than in many states, signaling a long tail of high-net-worth households that pulls the average upward. The Federal Reserve's regional economic data and the U.S. Census Bureau's household wealth tables provide the most consistent benchmarks for comparing Texas to peer states and national figures U.S. Census Bureau Wealth Statistics.
Key Drivers and Policy Context for Texas Household Wealth
Major drivers of the median net worth of household Texas residents include home price appreciation, job growth in energy and technology, and low state income tax rates that boost after-tax disposable income. However, rising property values also increase mortgage debt for new buyers, and high insurance premiums in parts of the state can erode net worth after major weather events. The Texas Workforce Commission and the Federal Reserve Bank of Dallas publish regular updates on employment, wages, and household balance-sheet trends that help explain short-term shifts in median wealth Texas Workforce Commission.
Policy factors such as property tax rates, homestead exemptions, and access to affordable