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% |
