Discretionary Income in Midland, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Midland, TX is ranked 65th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Midland, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,681
Discretionary Income
$3,464
With a gross annual salary of $100,000 in Midland, TX, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Midland is $3,681, you would have around $3,464 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Midland, TX, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Midland, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Midland, TX |
|---|---|
| $30,000 | -$1,325 |
| $40,000 | -$591 |
| $50,000 | $142 |
| $60,000 | $864 |
| $70,000 | $1,514 |
| $80,000 | $2,164 |
| $90,000 | $2,814 |
| $100,000 | $3,464 |
| $110,000 | $4,112 |
| $120,000 | $4,746 |
| $130,000 | $5,379 |
| $140,000 | $6,012 |
| $150,000 | $6,646 |
| $175,000 | $8,229 |
| $200,000 | $9,785 |
| $250,000 | $12,606 |
| $300,000 | $15,315 |
| $350,000 | $18,023 |
| $400,000 | $20,731 |
| $450,000 | $23,440 |
| $500,000 | $26,148 |
Discretionary Income in Midland, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Midland, TX is ranked 44th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Midland, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,452
Discretionary Income
$4,693
With a gross annual salary of $100,000 in Midland, TX, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Midland is $2,452, singles would have around $4,693 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Midland, TX, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Midland, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Midland, TX |
|---|---|
| $30,000 | -$95 |
| $40,000 | $638 |
| $50,000 | $1,371 |
| $60,000 | $2,093 |
| $70,000 | $2,743 |
| $80,000 | $3,393 |
| $90,000 | $4,043 |
| $100,000 | $4,693 |
| $110,000 | $5,342 |
| $120,000 | $5,975 |
| $130,000 | $6,608 |
| $140,000 | $7,242 |
| $150,000 | $7,875 |
| $175,000 | $9,458 |
| $200,000 | $11,015 |
| $250,000 | $13,836 |
| $300,000 | $16,544 |
| $350,000 | $19,252 |
| $400,000 | $21,961 |
| $450,000 | $24,669 |
| $500,000 | $27,377 |
Discretionary Income in Midland, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Midland, TX is ranked 67th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Midland, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,657
Discretionary Income
$3,488
With a gross annual salary of $100,000 in Midland, TX, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Midland is $3,657, couples would have around $3,488 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Midland, TX, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Midland, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Midland, TX |
|---|---|
| $30,000 | -$1,300 |
| $40,000 | -$567 |
| $50,000 | $166 |
| $60,000 | $888 |
| $70,000 | $1,538 |
| $80,000 | $2,188 |
| $90,000 | $2,838 |
| $100,000 | $3,488 |
| $110,000 | $4,137 |
| $120,000 | $4,770 |
| $130,000 | $5,403 |
| $140,000 | $6,037 |
| $150,000 | $6,670 |
| $175,000 | $8,253 |
| $200,000 | $9,810 |
| $250,000 | $12,631 |
| $300,000 | $15,339 |
| $350,000 | $18,047 |
| $400,000 | $20,690 |
| $450,000 | $23,315 |
| $500,000 | $25,940 |
Discretionary Income in Midland, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Midland, TX is ranked 69th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Midland, TX
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,596
Discretionary Income
$3,810
With a gross annual salary of $100,000 in Midland, TX, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Midland is $3,596, single parents would have around $3,810 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Midland, TX, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Midland, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Midland, TX |
|---|---|
| $30,000 | -$1,173 |
| $40,000 | -$429 |
| $50,000 | $304 |
| $60,000 | $1,038 |
| $70,000 | $1,771 |
| $80,000 | $2,504 |
| $90,000 | $3,160 |
| $100,000 | $3,810 |
| $110,000 | $4,460 |
| $120,000 | $5,103 |
| $130,000 | $5,737 |
| $140,000 | $6,370 |
| $150,000 | $7,003 |
| $175,000 | $8,587 |
| $200,000 | $10,170 |
| $250,000 | $13,023 |
| $300,000 | $15,736 |
| $350,000 | $18,445 |
| $400,000 | $21,153 |
| $450,000 | $23,861 |
| $500,000 | $26,570 |
Discretionary Income in Midland, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Midland, TX is ranked 79th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Midland, TX
Gross Salary
$8,333
Taxes
$686
Cost of Living
$5,020
Discretionary Income
$2,627
With a gross annual salary of $100,000 in Midland, TX, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Midland is $5,020, families would have around $2,627 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Midland, TX, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Midland, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Midland, TX |
|---|---|
| $30,000 | -$2,539 |
| $40,000 | -$1,789 |
| $50,000 | -$1,040 |
| $60,000 | -$307 |
| $70,000 | $427 |
| $80,000 | $1,160 |
| $90,000 | $1,893 |
| $100,000 | $2,627 |
| $110,000 | $3,360 |
| $120,000 | $4,070 |
| $130,000 | $4,720 |
| $140,000 | $5,370 |
| $150,000 | $6,020 |
| $175,000 | $7,645 |
| $200,000 | $9,270 |
| $250,000 | $12,467 |
| $300,000 | $15,634 |
| $350,000 | $18,800 |
| $400,000 | $21,913 |
| $450,000 | $24,746 |
| $500,000 | $27,555 |