Denton County, TX
[Pages:36]Economy Overview
Denton County, TX
600 Six Flags Drive, Suite 300 Arlington, Texas 76005
Emsi Q1 2020 Data Set |
Economy Overview
Contents
.R.e.p.o.r.t.P. a. r.a.m. .e.t.e.r.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. . . . . . . .E.c.o.n.o.m. .y. O. .v.e. r.v.i.e.w. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . .H.i.s.to. r. i.c. &. . P. .ro. .je.c.t.e.d. .T.re. n. .d.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . .P.o.p.u. l.a. .o.n. .C. h. a. r.a.c.t.e.r.is. . c. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . .In. d. u. .st. r.y. .C.h.a.r.a.c.t.e.ri.s. .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.0. . . . . . . .B.u.s.in. .e.s.s.C. h. .a.ra. c. t.e. r.is. . .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.6. . . . . . . .W. .o.rk. .fo. .rc. e. .C. h. a. r.a.c.t.e.r.is. . c. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.8. . . . . . . .E.d.u.c.a. . o. .n.a.l .P.i.p.e.li.n.e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.6. . . . . . . .In. -.D. .e.m. a. n. .d. S. k. .ill.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.7. . . . . . .
Emsi Q1 2020 Data Set |
Economy Overview
Report Parameters
1 County
48121 Denton County, TX
Class of Worker
QCEW Employees, Non-QCEW Employees, and Self-Employed
The informa on in this report pertains to the chosen geographical area.
Emsi Q1 2020 Data Set |
1
Economy Overview
Economy Overview
883,705
Popula on (2019)
Popula on grew by 130,271 over the last 5 years and is projected to
grow by 94,248 over the next 5 years.
291,812
Total Regional Employment
Jobs grew by 52,213 over the last 5 years and are projected to grow by 42,271 over the next 5 years.
$80.3K
Median Household Income (2017)
Median household income is $22.6K above the na onal median
household income of $57.7K.
Takeaways
As of 2019 the region's popula on increased by 17.3% since 2014, growing by 130,271. Popula on is expected to increase by 10.7% between 2019 and 2024, adding 94,248. From 2014 to 2019, jobs increased by 21.8% in Denton County, TX from 239,599 to 291,812. This change outpaced the na onal growth rate of 7.3% by 14.5%. As the number of jobs increased, the labor force par cipa on rate decreased from 71.0% to 70.9% between 2014 and 2019. Concerning educa onal a ainment, 28.9% of Denton County, TX residents possess a Bachelor's Degree (10.1% above the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average). The top three industries in 2019 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and Educa on and Hospitals (State Government).
Region WSNCT Service Area 16-County Region City of McKinney Zip Codes Na on
Popula on (2019)
883,705 3,008,708 7,797,634
Labor Force (2019) 501,218 1,590,685 4,084,633
Jobs (2019) 291,812
1,135,142 4,030,271
Cost of
Living
GRP
Imports
Exports
100.5 $34.03B $50.30B $24.21B
96.9 $144.34B $164.56B $112.04B
98.0 $544.73B $327.32B $395.49B
224,683
N/A
83,218 105.2 $10.63B $15.78B $11.22B
329,399,330 164,576,320 164,699,638 100.0 $20.78T
$0
$8.91T
Emsi Q1 2020 Data Set |
2
Economy Overview
2019 Labor Force Breakdown
883,705
Popula on
A Total Working Age Popula on
A
Not in Labor Force (15+)
A
Labor Force
A
Employed
A
Unemployed
A Under 15
Popula on 706,727 205,509 501,218 487,481 13,737 176,978
Educa onal A ainment
Concerning educa onal a ainment, 28.9% of Denton County, TX residents possess a Bachelor's Degree (10.1% above the na onal average), and 7.6% hold an Associate's Degree (0.5% below the na onal average).
A Less Than 9th Grade A 9th Grade to 12th Grade A High School Diploma A Some College A Associate's Degree A Bachelor's Degree A Graduate Degree and Higher
% of Popula on 5.3% 3.5%
18.2% 22.2%
7.6% 28.9% 14.3%
Popula on 31,086 20,569
106,257 129,758
44,422 169,329
83,591
Emsi Q1 2020 Data Set |
3
Economy Overview
Historic & Projected Trends
Popula on Trends
As of 2019 the region's popula on increased by 17.3% since 2014, growing by 130,271. Popula on is expected to increase by 10.7% between 2019 and 2024, adding 94,248.
Timeframe 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Emsi Q1 2020 Data Set |
Popula on 753,434 779,536 807,890 835,336 859,064 883,705 905,947 926,383 945,127 962,285 977,953
4
Economy Overview
Job Trends
From 2014 to 2019, jobs increased by 21.8% in Denton County, TX from 239,599 to 291,812. This change outpaced the na onal growth rate of 7.3% by 14.5%.
Timeframe 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Emsi Q1 2020 Data Set |
Jobs 239,599 254,671 265,528 277,543 285,579 291,812 303,691 313,574 322,011 329,310 334,083
5
Economy Overview
Labor Force Par cipa on Rate Trends
Timeframe 2014 2015 2016 2017 2018 January - July 2019 August 2019 September 2019 October 2019
Emsi Q1 2020 Data Set |
Labor Force Par cipa on Rate 70.36% 70.03% 70.91% 71.23% 70.49% 69.83% 70.24% 70.66% 70.92%
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