Paycheck Atlas

Is $40k a good salary in Midland, TX?

tight A $40k salary is 57% below the median household income here ($92,952). After tax you take home about $2,860 a month, and median rent ($1,400) takes 49% of that.

$34,320 take-home a year
Gross pay$40,000
Federal income tax−$2,620
Social Security + Medicare−$3,060
Texas income tax (approx.)−$0
Monthly take-home$2,860
Every two weeks$1,320
$41,761What $40k buys in Midland, TX, expressed in average-US prices (price level 95.8).
49%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.

Jobs that pay about $40k in Midland, TX

Other salaries in Midland, TX

Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.