Texas

Name: Texas Economic Profile
Creator: ExecutivePulse

FIPS 48 · Population 30,188,424

6 Sources Updated June 22, 2026

30.2M ▲

Population

334,922,499 U.S.

$78,476 ▲

Median Income

$80,734 national

$2,769.8B

GDP

4.1%

Unemployment

4% national

Community Data / United States / Texas

County Map Demographics Economy Industry Concentration Housing Workforce Counties AI Insights

County Map

Click a county to view its economic profile

Demographics & Population

Census Bureau American Community Survey 2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates

Median Household

$78,476

Per Capita

$40,752

Mean Household

$109,933

Poverty Rate ⓘ

13.8% ▼

Age & Race / Ethnicity

Source: Census Bureau ACS 2024 · Tables B01001, B02001, B03003

Cohorts

Under 18 · 25%

18-34 · 24.2%

35-54 · 26.3%

55-64 · 11.1%

65+ · 13.4%

Race & Ethnicity

White48.5%

Black or African American12.2%

Asian5.6%

Hispanic or Latino(any race)39.7%

Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2024 · Table B15003 · Population 25+

86%

High School+

National: 89.6%

▼ 3.6 pts

33.8%

Bachelor's+

National: 35.7%

▼ 1.9 pts

12.3%

Graduate+

National: 14.1%

▼ 1.8 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates

30,188,424

Population

15,354,652

Labor Force

Employed

14,431,125

Unemployment Rate BLS LAUS 2024 annual

4.1%

Mean Commute

26.7 min

Work From Home vs 15.1% national

14.4%

Texas's median household income sits 3% below the national median. At 13.8%, its poverty rate runs 1.3 pts above the ~12.5% national level, relevant for federal funding eligibility narratives. Bachelor's-or-higher attainment of 33.8% trails the national average of 35.7%.

Source: U.S. Census Bureau American Community Survey 2024 5-Year Estimates (released December 2025). Figures reflect the most recent Census release, older news reports may cite prior vintages.

Key Takeaways

Broadly in line with U.S. norms across income, poverty, education, and age.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$2,769.8B

Gross Domestic Product · 2024

Source: Bureau of Economic Analysis · SAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual

Industry	Employment	% of Top Sectors	Avg Wage
1Health Care and Social Assistance	1,716,663	16.7%	$63,521
2Retail Trade	1,403,625	13.7%	$44,180
3Accommodation and Food Services	1,356,576	13.2%	$27,760
4Professional, Scientific, and Technical Services	1,061,462	10.3%	$127,897
5Manufacturing	988,002	9.6%	$97,510
6Construction	901,391	8.8%	$86,815
7Administrative and Support and Waste Management	889,826	8.7%	$63,975
8Finance and Insurance	661,204	6.4%	$125,560
9Wholesale Trade	650,973	6.3%	$112,908
10Transportation and Warehousing	640,470	6.2%	$77,673

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Key Takeaways

Largest sector: Health Care and Social Assistance employs 1,716,663 workers (16.7% of the tracked sectors), at an average wage of $63,521.
Economic scale: State GDP of $2,769.8B (2024).

Source: BLS QCEW + BEA Regional GDP.

Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Concentrated Industries

Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces specialization the supersector view masks.

Oil and Gas Extraction

6.19x

65,522

Support Activities for Mining

5.41x

130,446

Pipeline Transportation

4.64x

23,587

Leather and Allied Product Manufacturing

2.19x

4,700

Petroleum and Coal Products Manufacturing

2.15x

21,265

Heavy and Civil Engineering Construction

1.86x

199,546

Attraction Opportunities - Below-Average Industries

LQ < 0.5, below-average employment, potential attraction targets. Source: BLS QCEW · 3-digit NAICS sub-sector

0.23x

Web Search Portals, Libraries, and Archives

3,654 employed

0.27x

Textile Mills

1,981 employed

0.28x

Scenic and Sightseeing Transportation

764 employed

0.31x

Support Activities for Agriculture and Forestry

10,497 employed

0.37x

Forestry and Logging

1,552 employed

0.37x

Transit and Ground Passenger Transportation

18,882 employed

0.39x

Crop Production

18,541 employed

0.49x

Internet Publishing and Broadcasting

15,087 employed

Key Takeaways

Top specialization: Oil and Gas Extraction concentrates at 6.19x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity.
Cluster depth: 6 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base across the state.
Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment.

Source: BLS QCEW sub-sector Location Quotients.

Industry Employment Composition

Texas's Top Sectors by Workforce Share

Each rectangle's area is proportional to that sector's share of the top private supersectors. Hover for exact employment.

Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2024 5-Year Estimates · Tables B25001, B25077, B25064

$283,800 ▲

Median Home Value vs 2019

$1,403 ▲

Rent/Mo

62.6% ▲

Owner-Occ

9.4% ▼

Vacancy

3.6x

Home Value to Income Ratio

vs. ~4.1x national average

HUD Fair Market Rents (Statewide)

Renter-household-weighted average across 254 Fair Market Rent areas · Source: HUD · Fair Market Rents FY2026

Studio

$1,243/mo$671 to $1,582

1 Bedroom

$1,308/mo$742 to $1,648

2 Bedroom

$1,557/mo$973 to $1,931

3 Bedroom

$2,029/mo$1,167 to $2,431

4 Bedroom

$2,466/mo$1,288 to $3,091

30% of monthly median household income (~$1,962/mo) · rents above this line are typically considered cost-burdened.

Key Takeaways

In line with national: Home value to income ratio of 3.6x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.

Source: Census ACS housing tables.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2024 · Tables B01001, B23025, B08303, B08301

18,587,524 ▲

Working Age (18-64) vs 2019

▲ vs 2019

Mean Commute

26.7 min

Work From Home

14.4%

Education & Talent Pipeline

Source: Census ACS 2024 · Table B15003 · College Scorecard

Bachelor's+

33.8%

HS Diploma+

86%

Top Institutions

Degrees, certificates, and other credentials awarded last academic year (College Scorecard).

Texas A&M University-College Station 20,117/yr

The University of Texas at Austin 17,432/yr

The University of Texas at Arlington 13,900/yr

Lone Star College System 11,449/yr

University of North Texas 11,197/yr

Dallas College 10,913/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables

18%

55-64 of working-age population (18-64)

Workforce by Occupation

Source: Census ACS 2024 · Table C24010 · Civilian employed population 16+

Management / Professional

40.8%

Service

16%

Sales & Office

20.5%

Construction / Maint.

9.9%

Production / Transport

12.8%

Bars scaled 2× for visual differentiation; percentage labels show actual share of 14,431,125 employed workers.

Key Takeaways

Source: ACS workforce data.

County Profiles

254 counties in Texas

AI Insights

AI-assisted analysis, drawn from 6 federal data sources

Sample AI Insight

Texas shows strong potential for oil and gas extraction attraction, with a 6.19x concentration and 65,522 jobs in this sub-sector.

Cluster depth across oil and gas extraction, support activities for mining, and pipeline transportation creates supply-chain attraction leverage, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk

High

Healthcare Growth Forecast

+4.2% CAGR

Remote Work Migration

67/100

Prospect Match Scores

Advanced Manufacturing

92/100

Life Sciences

84/100

Data Centers

71/100

Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024

BLS QCEW2025

BEA Regional GDP2024

Census CBP2024

HUD Fair Market RentsFY2026

USAspending.govFY2026

Frequently Asked Questions

Key economic and demographic figures for Texas, from federal data sources.

What is the population of Texas?

30,188,424 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Texas?

$78,476 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Texas?

4.1% (2024 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Texas?

$2,769.8B (BEA SAGDP (state GDP)).

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