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

January 2019

Base Year

1996

Last Year

2018

This Year

2019

% Change

2018-2019

Taxable Spending - January (Per Sales Tax Rebates) $216,999,667 $750,223,292 $939,365,497 25.2%
Taxable Spending - YTD $216,999,667 $750,223,292 $939,365,497 25.2%
Dollars Spent on Auto Purchases - January $31,226,279 $133,616,593 $141,729,615 6.1%
Dollars Spent on Auto Purchases - YTD $31,226,279 $133,616,593 $141,729,615 6.1%
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 - January 38,809 40,433 43,436 7.4%
Airline Passenger Enplanements - YTD 38,809 40,433 43,436 7.4%
Value All Building Permits - January $9,097,078 $85,407,506 $134,036,045 56.9%
Value All Building Permits - YTD $9,097,078 $85,407,506 $134,036,045 56.9%
Permits for New Homes - January 23 150 85 -43.3%
Permits for New Homes - YTD 23 150 85 -43.3%
Sales of Existing Homes - January 107 251 259 3.2%
Sales of Existing Homes - YTD 107 251 259 3.2%
Average Home Sale Price - January $76,600 $260,748 $274,536 5.3%
Average Home Sale Price - YTD $76,600 $260,748 $274,536 5.3%
Dollar Volume of Residential Real Estate Sales - January $13,917,514 $67,093,786 $71,104,750 6.0%
Dollar Volume of Residential Real Estate Sales - YTD $13,917,514 $67,093,786 $71,104,750 6.0%
Employment
Wage and Salary Employment - January 98,800 178,600 193,700 8.5%
Wage and Salary Employment - YTD Average 98,800 178,600 193,700 8.5%
Unemployment Rate - January 6.4 2.8 2.5 -8.7%
Unemployment Rate - YTD Average 6.4 2.8 2.5 -8.7%
TEXAS PBPI - January 100.0 296.8 347.9 17.2%
INDEX - January (Base = 100 January 1996) 100.0 228.1 270.2 18.5%