Midland-Odessa Regional Economic Index
The Midland-Odessa region has also experienced significant economic growth, growing at more than 20% overall. We invite you to view the tables below for updated economic data and to contact the MDC staff for additional information.
| Midland-Odessa Regional Economic Index | ||||
|---|---|---|---|---|
|
Economic Indicators March 2019 |
Base Year 1996 |
Last Year 2018 |
This Year 2019 |
% Change 2018-2019 |
| Taxable Spending - March (Per Sales Tax Rebates) | $224,802,897 | $884,206,559 | $956,510,068 | 8.2% |
| Taxable Spending - YTD | $845,203,007 | $2,628,566,608 | $3,000,807,058 | 14.2% |
| Dollars Spent on Auto Purchases - March | $33,298,530 | $120,985,477 | $135,076,667 | 11.6% |
| Dollars Spent on Auto Purchases - YTD | $94,143,354 | $398,367,639 | $407,227,647 | 2.2% |
| Hotel/Motel Spending - Quarter | $8,711,517 | $52,446,635 | $55,850,317 | 6.5% |
| Hotel/Motel Spending - YTD | $8,711,517 | $52,446,635 | $55,850,317 | 6.5% |
| Airline Passenger Enplanements - March | 48,155 | 50,438 | 53,544 | 6.2% |
| Airline Passenger Enplanements - YTD | 127,174 | 133,757 | 142,840 | 6.8% |
| Value All Building Permits - March | $13,599,795 | $54,466,438 | $43,872,686 | -19.5% |
| Value All Building Permits - YTD | $46,498,594 | $324,826,308 | $328,567,796 | 1.2% |
| Permits for New Homes - March | 39 | 173 | 108 | -37.6% |
| Permits for New Homes - YTD | 104 | 497 | 338 | -32.0% |
| Sales of Existing Homes - March | 231 | 382 | 388 | 1.6% |
| Sales of Existing Homes - YTD | 508 | 951 | 957 | 0.6% |
| Average Home Sale Price - March | $79,400 | $261,086 | $318,776 | 22.1% |
| Average Home Sale Price - YTD | $77,500 | $262,717 | $294,350 | 12.0% |
| Dollar Volume of Residential Real Estate Sales - March | $31,099,405 | $102,210,355 | $123,685,178 | 21.0% |
| Dollar Volume of Residential Real Estate Sales - YTD | $67,170,742 | $256,547,406 | $282,183,337 | 10.0% |
| Employment | ||||
| Wage and Salary Employment - March | 99,600 | 183,600 | 191,400 | 4.2% |
| Wage and Salary Employment - YTD Average | 99,235 | 181,200 | 192,400 | 6.2% |
| Unemployment Rate - March | 5.8 | 2.6 | 2.3 | -11.8% |
| Unemployment Rate - YTD Average | 6.1 | 2.7 | 2.4 | -9.5% |
| TEXAS PBPI - March | 100.9 | 309.4 | 345.2 | 11.6% |
| INDEX - March (Base = 100 January 1996) | 101.8 | 236.4 | 270.3 | 14.4% |
