According to the Bureau of Economic Analysis, in 2001, Texas had a per capita personal income (PCPI) of $28,472 which ranked 28th in the United States (including the District of Columbia) and was 94% of the national average, $30,413. The 2001 PCPI reflected an increase of 1.7% from 2000 compared to the national change of 2.2%. In 2001, Texas had a total personal income (TPI) of $608,465,986,000 which ranked 3rd in the United States and accounted for 7% of the national total. The 2001 TPI reflected an increase of 3.7% from 2000 compared to the national change of 3.3%.
Earnings of persons employed in Texas increased from $458,488,441,000 in 2000 to $474,958,148,000 in 2001, an increase of 3.6%. The largest industries in 2001 were services, 27.3% of earnings; state and local government, 10.5%; and transportation and public utilities, 9.4%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was wholesale trade (6.8% of earnings in 2001), which decreased 2.5%; the fastest was state and local government, which increased 6.0%.
According to data released by the US Census Bureau, in 2000, the median household income was $39,842 compared to the national average of $42,148. In 2001, the median income for a family of four was $56,606 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 15.2% which placed it 45th among the 50 states and the District of Columbia ranked lowest to highest.