I’ve updated my salient median household income comparison of California vs. hated Texas. My last figures were from 2009. Since then it’s gotten even better — for Texas.
According to recent U.S. census figures, the 2014 median household income in California is still significantly higher than Texas.
CA — $60,487
TX — $53,875 — 10.9% less than CA (vs. 18.1% less in 2009), though slightly above the national average of $53,657
But, ADJUSTED FOR THE COST OF LIVING, the Texas median household income is significantly higher than California.
TX — $58,816
CA — $44,706
BOTTOM LINE: Texas COL-adjusted median household income is 31.6% higher than California.