Midland Economic Indicators
| Midland MSA Economic Index September 2022 | |||
|---|---|---|---|
| Industry | August 2022 | September 2022 |
% Change |
| Energy |
98.9 |
96.8 | -2.2 |
| Construction | 186.0 | 177.2 | -8.7 |
| Manufacturing | 120.9 | 117.3 | -3.6 |
| Retail | 127.7 | 128.2 | +0.5 |
| Financial Services | 204.1 | 204.5 | +0.4 |
| Real Estate | 136.5 | 140.4 | +3.9 |
| Professional & Business Services | 108.6 | 109.1 | +0.4 |
| Health Care | 98.1 | 99.2 | +1.0 |
| Hospitality & Tourism | 155.0 | 156.1 | +1.1 |
| Other Activity | 121.5 | 121.8 | +0.3 |
| Midland Composite | 108.5 | 106.9 | -1.6 |
Note: Industries are not weighted equally in calculating the Industry Composite; see the Appendix for further explanation. The Midland Metropolitan Statistical Area (MSA) includes Midland and Martin counties. Source: The Perryman Group
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| Selected Midland Economic Indicators | ||||
|---|---|---|---|---|
| Indicator (September 2022) | 2020 | 2021 | 2022 | 2021-22 % Change |
| Permian Basin Rig Count | 124 | 256 | 343 | +33.93% |
| WTI Oil Price | $39.63 | $71.65 | $84.26 | +17.60% |
| Henry Hub Natural Gas | $1.92 | $5.16 | $7.88 | +52.71% |
| Housing Permits | 68 | 67 | 34 | N/A |
| Average Housing Permit Value | $199,200 | $206,100 | $344,900 | +67.35% |
| Housing Listings | 840 | 745 | 723 | N/A |
| Median Housing Listing Price | $300,000 | $315,000 | $310,000 | -1.59% |
| Airline Boardings | 223,521 | 41,135 | 54,318 | +32.05% |
| Hotel Receipts | $4,910,706 | $8,358,222 | N/A | N/A |
| Employment (Seasonally Adjusted) | 92,600 | 103,400 | 107,900 | +4.35% |
| Unemployment Rate | 9.29% | 4.88% | 3.0% | N/A |
| Midland Index (2021=100) | 79.66 | 98.78 | 106.88 | N/A |