Denton County, TX

Economy Overview

Denton County, TX

600 Six Flags Drive, Suite 300 Arlington, Texas 76005

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Economy Overview

Contents

.R.e.p.o.r.t.P. a. r.a.m. .e.t.e.rs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. . . . . . . .E.c.o.n.o.m. .y.O. .v.e.r.v.ie. w. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . .U.n.e. m. .p.l.o.y.m. e. n. .t.b.y. D. .e.m. .o.g.r.a.p.h.ic. s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . .H.i.st.o. r.i.c.&. .P. r.o.j.e.c.te. d. .T.r.e.n.d.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . .P.o.p.u.l.a. .o.n. .C.h.a.r.a.c.t.e.ri.s. .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.2. . . . . . . .In. b. o. u. .n.d. a. n. .d. O. .u.t.b.o.u.n. d. .M. .ig. r.a. . o. .n. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.4. . . . . . . .In. d. u. s. t.r.y. C. .h.a.r.a.c.te. r.i.s. .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.6. . . . . . . .B.u.s.in. e. .ss. .C.h. a. r.a.c.t.e.r.is. . c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.1. . . . . . . .W. .o.rk. f.o. r.c.e. .C.h.a.r.a.c.t.e.ri.s. .c.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.3. . . . . . . .E.d.u.c.a. . o. n. a. l. P. .ip. e. l.in. .e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.9. . . . . . . .In. -.D. .e.m. a. n. d. .S.k. i.ll.s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.0. . . . . . .

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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.

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Economy Overview

Economy Overview

952,499

Popula on (2021)

Popula on grew by 144,933 over the last 5 years and is projected to grow by 155,685 over the next 5

years.

324,676

Total Regional Employment

Jobs grew by 56,473 over the last 5 years and are projected to grow by 50,387 over the next 5 years.

$90.4K

Median Household Income (2020)

Median household income is $25.4K above the na onal median

household income of $65.0K.

Takeaways

As of 2021 the region's popula on increased by 17.9% since 2016, growing by 144,933. Popula on is expected to increase by 16.3% between 2021 and 2026, adding 155,685. From 2016 to 2021, jobs increased by 21.1% in Denton County, TX from 268,203 to 324,676. This change outpaced the na onal growth rate of 1.8% by 19.3%. As the number of jobs increased, the labor force par cipa on rate increased from 71.3% to 72.7% between 2016 and 2021. Concerning educa onal a ainment, 30.9% of Denton County, TX residents possess a Bachelor's Degree (10.6% above the na onal average), and 7.6% hold an Associate's Degree (1.1% below the na onal average). The top three industries in 2021 are Restaurants and Other Ea ng Places, Educa on and Hospitals (Local Government), and Educa on and Hospitals (State Government).

Region WSNCT

Popula on (2022)

Labor Force

(Jun 2022)

Jobs (2021)

983,495

555,325

324,676

3,330,274 1,758,468 1,237,518

Cost of

Living 101.5

96.7

GRP $41.59B $176.13B

Imports $60.48B $194.34B

Exports $27.82B $130.14B

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Economy Overview

Jun 2022 Labor Force Breakdown

983,495

Popula on (2022)

A 16+ Civilian Non-Ins tu onalized Popula on

A

Not in Labor Force (16+)

A

Labor Force

A

Employed

A

Unemployed

A

Under 16, Military, and ins tu onalized Popula on

Popula on 771,840 216,515 555,325 536,444 18,881 211,655

Educa onal A ainment

Concerning educa onal a ainment, 30.9% of Denton County, TX residents possess a Bachelor's Degree (10.6% above the na onal average), and 7.6% hold an Associate's Degree (1.1% 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 3.3% 4.2%

17.4% 21.2%

7.6% 30.9% 15.4%

Popula on 20,817 26,753

111,651 135,814

48,487 197,893

98,767

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