Budgeting news

Houstonians need $12k more to live comfortably than they did last year

Houstonians have plenty of money left over for fun.

Photo by Igal Ness on Unsplash

As inflation and the cost of living rise in most places around the United States, so does the amount of money a resident needs to live comfortably. But Houstonians are faring far better than residents of some of the biggest cities in America.

Houston requires the lowest salary needed to live comfortably in 2024, according to a new SmartAsset report. Specifically, they say, Houston ranks No. 1 for "the lowest annual salary needed for a single adult to live in sustainable comfort using the 50/30/20 budgeting rule" - that is, 50 percent of a salary allocated toward needs (housing, groceries, transportation); 30 percent toward wants (entertainment and hobbies); and 20 percent toward paying off debt, saving, or investing.

Houstonians need to make $75,088 individually to lead a comfortable lifestyle and avoid living paycheck to paycheck, or a $36.10 hourly wage, says the report, which analyzed 99 major U.S. cities.

The necessary salary to live a financially stable life in Houston is nearly $12,000 more than in SmartAsset's 2023 report, which said Houston residents needed to make $62,260 a year to live comfortably in 2023.

New in the 2024 report, SmartAsset also found that for a Houston-based family of four (two adults with two children), the total combined income needed to live a secure lifestyle is currently $175,219.

Breaking down the cost of living in Houston
SmartAsset gathered data from MIT’s Living Wage Calculator to determine the cost of living for a childless adult and for a family of four (two working adults and two children) in the 99 largest American cities.

To live a financially stable life in Houston based on the 50/30/20 strategy and using SmartAsset's salary requirement, a childless Houstonian would need to spend $37,544 of their salary on living expenses, about $22,526 for discretionary expenses, and put about $15,017 toward their savings or debt payments.

Meanwhile, families of four would have to spend about $87,610 on living expenses, $52,566 on entertainment or hobbies, and put away $35,044 into savings or paying down debt in order to live comfortably in Houston, based on the study's findings.

Despite residents' growing financial constraints, the income necessary to live in Houston is much better than the national average of $96,500 a year for singles and $235,000 per year for a family of four, SmartAsset says.

Elsewhere in Texas
Among Texas cities, Austin has the highest necessary income required to live a financially stable life, but the capital city ranked No. 65 out of all 99 cities in the report. A single adult living in Austin would need to make $47.96 an hour, or $99,757 a year, to live comfortably. The combined income needed for two adults with two children is $223,891.

Here's how other Texas cities stack up, from lowest salary to highest:

No. 2 – El Paso ($75,254 for single adults, $175,219 for families)
No. 3 – Lubbock ($75,379 for single adults, $181,043 for families)
No. 5 – Laredo ($78,458 for single adults, 179,046 for families)
No. 16 – Corpus Christi ($82,493 for single adults, $192,275 for families)
No. 25 – San Antonio ($85,072 for single adults, $200,762 for families)
No. 42 – [Tied] Dallas, Plano, Irving, Garland ($91,770 for single adults, $208,000 for families)
No. 57 – [Tied] Fort Worth, Arlington ($94,765 for single adults, $214,490 for families)

Not surprisingly, the U.S. city that requires the highest salary to live comfortably is New York City. Single adults would need to make an hourly wage of $66.62, or an annual salary of $138,570, to prevent living paycheck to paycheck. And for a family of four, the combined salary needed is $318,406 a year, SmartAsset says.

The full report and its methodology can be found on smartasset.com.

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pet protection

What Texas pet owners need to know about the dangerous New World screwworm

Photo by Helena Jankovičová Kováčová/Pexels

Make sure these guys are up on their flea and tick meds.

Two New World screwworm cases in dogs are among more than 30 confirmed instances in Texas and New Mexico, prompting warnings Wednesday, July 8 from veterinarians and humane societies that pet owners need to remain vigilant to protect their animals.

The parasite reappeared in cattle in the U.S. in June, more than 50 years after it had been largely eradicated from the country. The pest is actually the larvae of the New World screwworm fly. It eats live flesh and fluids rather than dead material, as the larvae of most fly species do.

Here is what to know about the parasite, the threat it poses to pets and how to protect them:

Screwworm fly larvae can infest any mammal
The fly's migration north from Panama starting in 2024, and through Mexico in 2025, has agriculture officials warning that it poses a threat to the $113 billion U.S. cattle industry, but the larvae can hatch and breed in any mammal, including wildlife, dogs, cats and occasionally humans.

The problem develops when a female fly lays its eggs in open wounds and mucus. After the eggs hatch, the larvae feed for about a week before maturing, dropping to the ground and continuing to develop into an adult fly.

The American Veterinary Medical Association says newborn animals and animals with open wounds or who have undergone surgery or other medical procedures recently are especially vulnerable. Even a tick bite can host an infestation, Aaron Grady, executive director of the Houston Humane Society shelter, said during a webinar on the screwworm.

Screwworm fly The goal is to stop these flies from successfully breeding.Photo by U.S. Department of Agriculture

Infestation signs include restlessness and bad smell
Animal health experts say pet owners in areas where the screwworm is present — southern and southwestern Texas and southeastern New Mexico so far — should watch their animals closely and examine them for wounds, cuts and bites regularly.

Pet owners should look for any maggots or movement in a wound. Other signs include a foul smell and restlessness or anxiety in an animal, or an animal “hyper-fixating on looking or chewing in a certain area of the body," said Melissa Stansell, a veterinarian at the shelter Austin Pets Alive!

Any one of those is reason enough to go to a veterinarian. The affected animal is likely in a great deal of pain, and that can cause death from shock. The larvae also can cause death if they move into vital organs or by causing infections that turn deadly.

Flea, tick medications can stop an infestation
Humane society officials and veterinarians said shelters across Texas are trying to prevent infestations in animals by giving them prescription flea and tick medications. They recommend that pet owners do the same.

“It will kill the larvae as they ingest the blood and tissue,” Stansell said. “The chemical compositions of those products are what kill the actual larval stages of these flies.”

Veterinarians also can treat infestations and animals can recover if pet owners contact them quickly. Stansell said the treatment could include antibiotics.

“It is only fatal if left untreated,” she said.

An effort to eradicate the fly again is underway
The New World screwworm fly is a tropical species and decades ago would disappear each year when colder weather arrived with the fall or winter.

But state and U.S. Department of Agriculture officials aren't waiting for the weather to turn. They've returned to an eradication method that worked decades ago, breeding sterile male flies and releasing them into the wild. The female New World screwworm fly mates once in her monthslong life, and if her partner is sterile, her eggs won't hatch — causing the population in an area to drop and then disappear.

For years, the only factory breeding sterile flies in the Western Hemisphere was in Panama, but the USDA invested $21 million to convert a site in southern Mexico from breeding fruit flies to recently start breeding screwworm flies. The agency also plans to spend $750 million on a new fly factory in Texas, set to open next year.

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