Salary Needed to Live in Midland as a Family
A family of four (2 adults, 2 children) needs approximately $54,500/year to live comfortably in Midland, TX — including 15% savings.
Comfortable Salary
$54,500
with 15% savings
Bare Minimum
$43,600
no savings buffer
Monthly Expenses
$2,725
7% below national avg
Detailed Monthly Budget for a Family in Midland
| Expense | Midland | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $224 | $209 | +7% |
| 🛒 Groceries | $58 | $44 | +32% |
| ⚡ Utilities | $20 | $28 | -29% |
| 🚗 Transportation | $34 | $44 | -23% |
| 🛡️ Car Insurance | $140 | $223 | -37% |
| 🏥 Health Insurance | $59 | $56 | +5% |
| Childcare/After-school | $1,128 | $1,200 | -6% |
| Internet + Phones | $169 | $180 | -6% |
| Children Activities | $235 | $250 | -6% |
| Dining Out | $329 | $350 | -6% |
| School Supplies & Clothing | $188 | $200 | -6% |
| Healthcare Co-pays | $141 | $150 | -6% |
| Total Monthly | $2,725 | $2,934 | -7% |
How We Calculated the Salary
Monthly expenses:$2,725
Target savings (15%):$601/mo
Monthly after-tax needed:$3,326
Effective tax rate:25%
Gross annual salary needed:$54,500
Other Household Types in Midland
Related Pages
FAQ
What salary does a family with kids need in Midland?
A family with kids needs approximately $54,500/year ($4,542/month gross) to live comfortably in Midland with a 15% savings rate.
How much is rent for a family with kids in Midland?
A 3br apartment/house in Midland costs approximately $224/month, which is the largest single expense at 8% of the total budget.
Is Midland affordable for a family with kids?
Yes, Midland is 7% more affordable than the national average for a family with kids.