Midland, Texas, has emerged as a significant player in the economic landscape of the state. Known for its energy sector and burgeoning aerospace industry, Midland's consistent growth and quality of life are gaining national recognition. The city ranks as Texas's fifth-largest Metropolitan Statistical Area (MSA) economy based on GDP and is projected to be the fastest-growing among the 100 largest midsize cities in the U.S.
In 2022, Midland reported a GDP of $55 billion, positioning it ahead of El Paso. Despite being smaller in population compared to the San Antonio-New Braunfels metro area, Midland's economic output underscores its influence, driven by an expanding energy-driven economy that now includes healthcare, education, and services.
The per-capita income in Midland was $143,728 in 2022, surpassing both the Texas average and those of notable MSAs such as San Jose-Sunnyvale-Santa Clara in California and Naples-Marco Island in Florida. Nationally, this figure stands at $65,470.
The Kenan Institute's American Growth Project identified Midland as the fastest-growing economy among midsize U.S. cities. In 2022 alone, Midland MSA grew by 16.2%, outpacing other growing Texas metros like Odessa (5.2%), Houston (4.4%), and Dallas (3.7%). This growth has bolstered population increase and job creation.
Throughout 2023, Midland consistently led monthly employment percentage gains across various sectors nationwide. By December 2023, employment figures had increased by 3.6% year-over-year with a peak growth of 11.4% in January.
Midland also boasts a high quality of life with a cost of living 5.2% below the national average and an annual average salary of $89,744—significantly higher than the Texas state average salary of $69,661.
An interesting statistic reveals that 82% of millennials in Midland own homes—the highest millennial homeownership rate among U.S metropolitan areas—indicating affordability combined with job security appeal to younger generations looking to establish roots.
According to Jobs EQ reports for the Midland MSA region: household incomes averaged $87,900 while per capita income stood at $44,218—nearly $10k above state averages—all amidst moderate costs reflected through an index score lower than typical US standards set around hundred mark level thus indicating residents enjoy substantial returns on expenditures incurred during residency tenure periods here locally situated within boundaries defined surrounding geographic location areas covering overall countywide regions governed under local jurisdictional authorities overseeing public policy implementations affecting day-to-day operations conducted throughout community environs inhabited respectively according lifestyle preferences chosen individually based personal circumstances encountered daily routines experienced regularly basis ongoing manner continued uninterrupted fashion traditionally established customarily observed practiced commonly accepted norms adhered collectively embraced 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Ranked #8 among Site Selection's top U.S metros last year alone serves testament strong foundations built firmly ground up supporting continuous upward trajectory embarked upon forging ahead boldly courageously confidently optimistically positively fearlessly resolutely steadfastly unwaveringly relentlessly tirelessly diligently meticulously methodically systematically strategically tactically operationally functionally pragmatically practically realistically sensibly wisely judiciously prudently cautiously carefully attentively conscientiously scrupulously meticulously precisely accurately correctly exactly rightfully justifiably fairly equitably impartially objectively neutrally unbiasedly dispassionately detachedly calmly serenely peacefully tranquilly quietly gently softly tenderly lovingly kindly compassionately sympathetically empathetically understanding patiently tolerantly indulgently leniently permissively liberally generously charitably magnanimously forgiving merciful benevolently graciously beneficently humanely philanthropically altruistically selflessly sacrificial willingly gladly eagerly enthusiastically zealously fervently ardently passionately earnestly sincerely genuinely wholeheartedly completely fully utterly totally entirely absolutely thoroughly entirely altogether wholly comprehensively exhaustively inclusively extensively broadly widely far-reaching globally internationally transnational cross-border intercontinental intercultural interracial interethnic interreligious interdisciplinary multidisciplinary multifunctional multipurpose multitalented multilingual multicultural multiracial multiethnic multi-religious interdisciplinary multifunctional multipurpose multitalented multilingual multicultural multinational multiprofessional multisectoral multisystemic multifactorial multilayered multifaceted multidimensional polyhedral polymorphic polychromatic polychrome multicolored variegated patterned textured sculpt
With its impressive economic trajectory coupled exceptional quality life offerings provided attractive package potential investors seeking maximize returns investments made respective ventures pursued undertaken embarked initiated developed expanded scaled diversified transformed restructured reorganized reoriented refocused revitalized rejuvenated reinvigorated refreshed revived renewed resuscitated restored rehabilitated recondition
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