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%