Texas has a booming labor market.
April data from the Bureau of Labor Statistics shows the state has a record-high number of people in the labor force and a record-high number of jobs.
The unemployment rate in Texas had been consistently at 3.9% from June 2023 to March 2024. It had ticked up to 4.0% in April, but that's still a low rate, and the labor force participation rate also ticked up from 64.1% to 64.2% in April. The unemployment rate for Texas has been close to or at the national unemployment rate during 2024 so far. Plus, the state added 42,600 jobs in April, which is a robust gain compared to most of the monthly gains for this state in 2023.
Amid a robust job market and with over 15.2 million people in the Texas labor force, Business Insider decided to look at what pay opportunities look like in the state based on recently published data.
Around two dozen jobs in Texas pay an average of over $175,000, including architectural and engineering managers, podiatrists, ophthalmologists, and athletes, and other sports competitors.
That's based on average annual wage data from the May 2023 Occupational Employment and Wage Statistics estimates published by the Bureau of Labor Statistics. BI focused on jobs that had data available for Texas from that release. While pediatric surgeon is a high-paying job in the state, we didn't include it in our ranking below because it didn't have a specific estimate stated.
Below are the highest-paying jobs in Texas along with their average annual wages and employment estimates in the state.
26. Postsecondary health specialties teachers
Average annual wage: $176,430
Employment estimate: 25,650
25. Lawyers
Average annual wage: $177,890
Employment estimate: 45,950
24. Commercial pilots
Average annual wage: $180,660
Employment estimate: 6,360
23. Architectural and engineering managers
Average annual wage: $185,320
Employment estimate: 18,540
22. Podiatrists
Average annual wage: $201,210
Employment estimate: 260
21. Psychiatrists
Average annual wage: $205,270
Employment estimate: 1,040
20. Family medicine physicians
Average annual wage: $214,720
Employment estimate: 5,920
19. Nurse anesthetists
Average annual wage: $216,280
Employment estimate: 5,390
18. Dentists
Average annual wage: $220,000
Employment estimate: 10,910
17. General internal medicine physicians
Average annual wage: $224,640
Employment estimate: 2,690
16. Pediatricians
Average annual wage: $225,220
Employment estimate: 2,530
15. Airline pilots, copilots, and flight engineers
Average annual wage: $227,380
Employment estimate: 7,800
14. Physicians (all other)
Average annual wage: $239,840
Employment estimate: 28,660
13. Anesthesiologists
Average annual wage: $257,220
Employment estimate: 1,370
12. Emergency medicine physicians
Average annual wage: $257,890
Employment estimate: Not available
11. Neurologists
Average annual wage: $275,700
Employment estimate: 640
10. Dermatologists
Average annual wage: $276,120
Employment estimate: 730
9. Surgeons (all other)
Average annual wage: $276,680
Employment estimate: 1,680
8. Pathologists
Average annual wage: $278,140
Employment estimate: 890
7. Dentists (all other specialists)
Average annual wage: $287,240
Employment estimate: Not available
6. Obstetricians and gynecologists
Average annual wage: $287,330
Employment estimate: 910
5. Ophthalmologists (except pediatric)
Average annual wage: $291,320
Employment estimate: 1,260
4. Chief executives
Average annual wage: $298,140
Employment estimate: 6,970
3. Cardiologists
Average annual wage: $323,310
Employment estimate: 1,150
2. Radiologists
Average annual wage: $327,850
Employment estimate: 1,830
1. Athletes and sports competitors
Average annual wage: $368,110
Employment estimate: 2,760