Midland Economic Indicators

Midland MSA Economic Index September 2025
IndustryAugust 2025September 2025% Change
Energy110.9110.2-0.7
Construction182.0174.9-7.1
Manufacturing136.8136.7-0.1
Retail129.5129.6+0.1
Financial Services225.7226.7+1.0
Real Estate154.3153.5-0.8
Professional & Business Services129.8129.7-0.1
Health Care139.6139.9+0.3
Hospitality & Tourism156.7157.1+0.4
Other Activity143.2143.3+0.1
Midland Composite121.6120.9-0.7

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 


Selected Midland Economic Indicators 
Indicator September 20252023202420252024-2025 % Change
Permian Basin Rig Count318306254-17.14%
WTI Oil Price$89.43$70.24$63.96-8.94%
Henry Hub Natural Gas$2.64$2.28$2.97+30.26%
Housing Permits76106N/AN/A
Average Housing Permit Value$262,976$199,503N/AN/A
Airline Boardings57,35165,45264,991-0.70%
Hotel Receipts$11,151,860$11,619,740N/AN/A
Employment (Seasonally Adjusted)122,000125,400N/AN/A
Unemployment Rate2.75%3.00%N/AN/A
Midland Index (2021=100)124.8123.7120.9N/A