Midland Economic Indicators
| Midland MSA Economic Index July 2022 | |||
|---|---|---|---|
| Industry | June 2022 | July 2022 |
% Change |
| Energy |
104.5 |
100.6 | -3.9 |
| Construction | 202.2 | 170.8 | -31.4 |
| Manufacturing | 118.0 | 119.8 | +1.9 |
| Retail | 127.7 | 127.8 | +0.2 |
| Financial Services | 206.8 | 209.8 | +3.0 |
| Real Estate | 131.9 | 137.3 | +5.4 |
| Professional & Business Services | 109.0 | 110.0 | +1.0 |
| Health Care | 97.2 | 97.8 | +0.5 |
| Hospitality & Tourism | 154.3 | 156.1 | +1.8 |
| Other Activity | 122.3 | 120.4 | -1.9 |
| Midland Composite | 112.6 | 109.5 | -3.1 |
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
Read the full report here.
| Selected Midland Economic Indicators | ||||
|---|---|---|---|---|
| Indicator (July 2022) | 2020 | 2021 | 2022 | 2021-22 % Change |
| Permian Basin Rig Count | 125 | 239 | 350 | +46.12% |
| WTI Oil Price | $40.71 | $72.49 | $101.62 | +40.18% |
| Henry Hub Natural Gas | $1.77 | $3.84 | $7.28 | +89.58% |
| Housing Permits | 42 | 60 | 49 | N/A |
| Average Housing Permit Value | $191,000 | $215,300 | $203,900 | -5.29% |
| Housing Listings | 878 | 745 | 679 | N/A |
| Median Housing Listing Price | $300,000 | $315,000 | $327,000 | +3.81% |
| Airline Boardings | 17,693 | 47,673 | 58,713 | +23.16% |
| Hotel Receipts | $4,880,800 | $7,939,068 | $11,666,210 | +46.95% |
| Employment (Seasonally Adjusted) | 90,700 | 101,900 | 106,900 | +4.91% |
| Unemployment Rate | 11.73% | 5.60% | 3.52% | N/A |
| Midland Index (2021=100) | 79.6 | 97.5 | 109.5 | N/A |