Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Report A Concern. Both the Midland and Odessa averages were above the Texas average of $955. Nearly twice the national average for engineers in the workforce. Your family can thrive here! The average in Odessa rose 8.6 percent from the prior year to $1,257. Current Resident: Midland TX is growing very fast! Midland, Texas, September 10, 2020—Today, the Permian Strategic Partnership released a new report, The Permian Basin: Unlocking the Full Potential, which quantifies the generational economic opportunities of the Permian Basin, as well as the significance of its energy resources to the United States and indeed the entire world. 2020 Compare Cities Economy: Midland, TX vs Fredericksburg, TX Change Cities. Houston, Austin, and Midland Core Viewing Now Open December 17, 2020 The Bureau of Economic Geology, under the guidance of The University of Texas at Austin, has gone to great lengths to ensure the safety of its researchers, staff, and students during the COVID-19 pandemic. August 2020 Midland & Permian Basin Economic Indices - The Perryman Group. Above, an oil drill is viewed near a construction site for homes and office buildings in 2015 in Midland, Texas. Midland is a cultural hub with galleries and museums. On an annual basis, the BEDC facilitates the interview of a local entrepreneur. Before sharing sensitive information, make sure you're on a federal government site. Our talented workforce can help your company to grow. - Fredericksburg unemployment rate is 2.60%. Source: U.S. Bureau of Labor Statistics Andy Uhler Apr 23, 2020. Geographically based survey data available from BLS: Employment & Unemployment. Both Midland and Odessa posted record-high weekly wages in January. That is a nearly 13 percent increase over the median price for properties in the Midland TX housing market in 2018. ... Come discover the softer side of Midland, Texas. FILE - In this Nov. 25, 2020, file photo provided by the New Mexico Office of the Governor, Gov. The .gov means it's official. 2 of 3 President Donald Trump arrives to deliver remarks about American energy production during a visit to the Double Eagle Energy Oil Rig, Wednesday, July 29, 2020, in Midland, Texas. Economy in Midland, Texas. ... Good and Bad - 9/23/2020 I lived in Midland for 10 years (about 20 years ago) and have returned for family reasons. Employment, Hours, and Earnings from the CES survey (State and Area), Create Customized Maps -- Unemployment Rates. Data extracted on: January 15, 2021 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Here is how you know. Permian Basin is the center of American oil and gas production. Midland, Texas Economic Indicators 2018 2019 % Change 2018-2019; City of Midland Sales Tax Rebate (not adjusted for inflation) January: $4,605,591: $5,718,746 Published May 1, 2020 In Kermit, 50 miles west of Odessa and just south of New Mexico, life often feels like one big weekend in a casino, explains Rodney Hayes, an owner of a flower shop. The Perryman Group reports on the current status of the local and regional economy, how it is changing, and what is driving the change. Disclaimers Saved 0. Midland has seen the job market increase by 8.7% over the last year. The Twitter. (3) Number of jobs, in thousands, not seasonally adjusted. The Midland TX real estate market had a median home price of 262,000 dollars in July, 2019. Forms & Documents . make sure you're on a federal government site. Come discover the softer side of Midland, Texas. There’s always things to do in Midland Texas! Annual Events in Midland TX (2020). 5th Fastest Growing City. ... Oil from the Permian supports 10 percent of the Texas economy… Developers are welcome in Midland. ... March 28, 2020 at 10:00 a.m. UTC. Instagram. American oil and gas is driving our economy forward. information you provide is encrypted and transmitted securely. View Sky Mazda Odessa's 2020 Mazda Mazda3 Hatchback Premium Package Auto Awds for sale in Odessa TX. The near shutdown of the economy in response to COVID-19 … Federal government websites often end in .gov or .mil. Highlights - Household income in Fredericksburg, is 35% less than it is in Midland and is 18% below the National Average. Oil price war and coronavirus "a double whammy" for Texas city's economy. Here are a few of our top stats from 2020. Galleries and Museums. ... 2020. Before sharing sensitive information, Economy Pioneer Natural Resources to lay off 100 Midland workers ... 2020 MIDLAND, Texas — Pioneer Natural Resources is set to acquire Parsley … MIDLAND, TEX. Thomas J. Stinson, 81, of Conroe, Texas, passed away on December 8, 2020 in his home in Conroe. The .gov means it's official. It is located in West Texas, super hot, and in the heart of the oilfield. The average home is expected to increase by 5.3 percent in 2020. It is located in West Texas, super hot, and in the heart of the oilfield. Then it was on to lunch in conservative Midland, a boom town in West Texas, where oil and natural gas production runs around the clock. Funeral Services will be held at 3:00 p.m. on Thursday December 17, 2020 … August 2020 Midland & Permian Basin Economic Indices - The Perryman Group, July 2020 Midland & Permian Basin Economic Indices - The Perryman Group, June 2020 Midland & Permian Basin Economic Indices - The Perryman Group, May 2020 Midland & Permian Basin Economic Indices - The Perryman Group, October 2020 Midland & Permian Basin Economic Indices - The Perryman Group, September 2020 Midland & Permian Basin Economic Indices - The Perryman Group, The Perryman Midland and Permian Basin Index: Methodological Explanation. Midland is a city in and the county seat of Midland County, Texas, United States, on the Southern Plains of the state's western area. Looking to the future - we are investing in housing development and invite developers to participate in our community’s growth. - Midland unemployment rate is 2.20%. An oil boom in the Permian Basin has attracted a lot of workers. In 2020, the economy seesawed between lockdowns and a robust upswing that still left growth below the previous year. By Midland Reporter-Telegram Saturday, December 12, 2020 The Permian Basin counties dominated Texas like few times in recent memory, according to the Railroad Commission’s preliminary oil production report from September. ... November 17, 2020 << < > >> Pay My Bill. The average weekly wage in Midland was $1,296—15.8 percent above year-ago levels. https:// ensures that you are connecting to the official website and that any Footnotes These economic indicators are based on complex economic modeling processes, but it provides a simple measure of the health of the local and regional economy and how and why it is changing. A small portion of the city extends into Martin County. (p) Preliminary, Data extracted on: ... State of the Economy (October or November) The Midland Chamber of Commerce hosts this annual luncheon to engage and inform the public about its current economic status, plus challenges, opportunities and projections for the future of our economy. Facebook. From Midland, you can easily reach your destination. About 9% of the $1.8 trillion Texas economy in 2018 was directly attributable to oil and gas extraction, according to the most recent figures from the U.S. Bureau of Economic Analysis. This is an excellent place to start or grow a business. Employment Opportunities. The Midland College Business & Economic Development Center (BEDC) provides FREE business, credit, and housing counseling, and related classes and workshops. A Diamondback Energy Inc. oil rig in Midland, Texas, on April 17, 2019. Midland, Tex., was already reeling from a collapsing oil market. Contact Us. Interstate 20 runs through Midland, making it easy to transport goods and raw materials throughout the country. (2) In percent, not seasonally adjusted. December 21, 2020 at 8:00 AM In 2020, Texas continued to outpace the nation in economic growth, as demonstrated by indicators from employment to exports. Midland posts some of the largest job gains in the U.S.. Come work in Midland. Used Chevrolet Equinox FOR SALE AT All American Chevrolet of Midland, TX This used Nightfall Gray Metallic 2020 Chevrolet Equinox FWD 4dr LT w/2LT with a 2.0L 4 Cylinder Engine engine and AUTOMATIC transmission is for sale at All American Chevrolet of Midland… Agendas & Minutes. MONDAY, May 18, 2020-- Texas Has Entered Phase 2 Expansion for Reopening Businesses, Governor Abbott Announces (via Big 2/Fox 24)-- 05/18/2020: Midland Health Updates on COVID-19 Response (via Midland Health)-- State of Texas: Divisions over the Next Phase of … © 2021 Midland Development Corporation. Updated 10:48 am CST, Monday, January 18, 2021 Midland, TX 79701 Phone: 432-685-7100; Connect With Us. An official website of the United States government MIDLAND, Texas — In just over a month, scores of drilling rigs have been dismantled and tucked away in storage yards. ... Midland, Texas, is ground zero for oil and gas production in the U.S., and much of the local economy, in some way or another, is tied to the industry. Housing Housing Inventories on the Rise Employment, Hours, and Earnings from the CES survey (State and Area) Joe Mcdonald, Ap Business Writer. ... Midland, Texas 79701 MAP Get Involved. — Mayor Patrick Payton struggles … The US average is 3.7%. CBS News April 21, 2020, 9:09 AM. January 15, 2021. Midland is #3 for fastest growing metros. Midland real estate appreciated 74.69% over the last ten years, which is an average annual home appreciation rate of 5.74%, putting Midland in the top 10% nationally for real estate appreciation. The site is secure. Midland is a great place for young people looking to find high paying jobs that have opportunities to promote quickly. July 2020 Midland & Permian Basin Economic Indices - The Perryman Group. China economy grows in 2020 as rebound from virus gains. Rated #1 state for business by U.S. corporate executives. The worst quarter, the second, saw a … All rights reserved. See About the data. The RRC showed Permian Basin counties made up the top five counties and nine of the top 10 in terms of oil production. Federal government websites often end in .gov or .mil. Our community is attracting people from all over the country. Midland residents have the 2nd highest personal income in the U.S.. Our residents have a high amount of disposable income to spend on housing, dining, and entertainment. FILE - In this April 17, 2020 file photo, the sun sets behind an array of pump jacks outside Midland, Texas. (1) Number of persons, in thousands, not seasonally adjusted. Midland is the 5th fastest growing city in the U.S. We invite you to become part of our exponential growth. Midland has an unemployment rate of 2.2%. 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