Bureau of Business and Government Research

BBGR Homepage Graphic1

 

 Links to Economic Data for the Wichita Falls Area through the
Real Estate Center, Texas A & M:
http://recenter.tamu.edu/mreports/2012/WichitaFalls.pdf
http://recenter.tamu.edu/newstalk/main.asp?a=25

 

Latest Numbers% of Change
 US CPI 
 232.96 in Dec 20131.5% ⇑
 TX Population
 
 26,448,193 in 20135.2% ⇑
TX Non-Farm Jobs
 
 9,350,829 in 20124.0% ⇑
TX Unemployment Rate
 
 5.1% in Oct 2014-0.1% ⇔
 TX Retail Sales
 
 $37.6 billion in 20136.7% ⇑
TX Housing Permits 
 135,514 in 2012-4.1% ⇓
TX House Price Index 
 $255.93 in 2014, Q37.8% ⇑

 Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Economic Index

 

WF Quarterly Economic Index
Weighted Average Oil & Gas Quarterly Price Index

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Housing

 

Wichita Falls Quarterly Housing Conditions Index
Housing QuickFactsWichita FallsTX
Housing units, 201043,6329,977,436
Homeownership rate, 2008-201259.9%63.9%
Housing units in multi-unit structures, percent, 2008-201223.8%24.1%
Median value of owner-occupied housing units, 2008-2012$91,300$128,000
Households, 2008-201237,5028,782,598
Persons per household, 2008-20122.452.80

TX Housing - MonthlyMay 2014June 2014July 2014Aug 2014Sept 2014Oct 2014
Reference Federal Reserve Bank of St. Louis      
Total Units (Current)15,440
 12,94814,717
15,31613,61013,597
Total Units (Last Year) 12,725 11,31112,78010,69912,32315,256
%Chg from Year Ago 21.3% 14.5%15.2%
43.2%10.4%-10.9%
    Single Family Units7,779 8,3078,5317,8658,7418,784

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Employment

 

Wichita Falls MSA Employment by Year
Monthly Non Farm Employment

Labor Force DataApr 2014May 2014June 2014July 2014Aug 2014Sept 2014
Civilian Labor Force (1)69.970.270.971.070.070.2
Employment (1)66.866.967.167.0 66.1 66.7
Unemployment (1)3.13.33.94.0 3.83.4
Unemployment Rate4.44.75.45.65.5 4.9
Non-farm Wage & Salary Employment
Total Non-Farm (2)57.457.958.057.557.257.7
12 Month % Change-0.30.30.00.0-0.5-0.5
Mining, Logging, & Construction (2)3.73.83.93.83.93.8
12 Month % Change2.85.68.32.75.40.0
Manufacturing (2)5.05.05.05.05.05.0
12 Month % Change-5.7-5.7-5.7-5.7-5.7-7.5
Trade, Transportation, & Utilities (2)11.511.611.611.711.611.5
12 Month % Change3.63.62.72.61.80.9
Information (2)1.11.11.11.11.11.1
12 Month % Change10.00.00.00.00.00.0
Financial Activities (2)2.82.82.82.82.72.8
12 Month % Change3.70.00.00.0-3.63.7
Professional & Business Services (2)3.43.43.43.43.43.5
12 Month % Change-8.10.00.03.03.02.9
Education & Health Services (2)9.09.19.09.09.09.2
12 Month % Change-2.2-2.2-3.2-2.2-2.2-2.2
Leisure & Hospitality (2)6.16.26.26.16.16.3
12 Month % Change0.01.6-1.6-1.60.03.3
Other Services (2)2.62.62.92.82.72.7
12 Month % Change0.00.07.43.70.00.0
Government (2)12.212.312.111.911.711.8
12 Month % Change-0.80.0-0.8-1.6-1.7-1.7

(1) Number of persons, in thousands

(2) Number of jobs, in thousands

      

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Earnings & Hours

 

Annual Gros Product
Actual Potential GMP

Drivers of the Wichita Falls Economy
Industry20012010
 GDP ($mi)% of TotalGDP ($mi)% of Total
Gross Domestic Product $4,043  100.0%  $5,744  100.0%
     
Total Impact – Mining$57114.1%$1,46625.5%
Total Impact – MFG$97924.2% $97016.9%
Total Impact – GOV$1,64140.6%$1,99534.7%
Total Impact - SAFB$1,03525.6%$1,22721.4%
Total Impact - MSU$2776.9%$3516.1%
Total Impact - Other Export$85121.1%$1,31322.9%

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Sales

 

Wichita Falls MSA GDP
Wichita Falls MSA Average Monthly State Sales & Use Tax Collection

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

Population, Personal Income

 

Wichita Falls MSA Population by Year
Wichita Falls MSA Median Household Income
Annual Personal Income Growth Index

Demographic & Economic Facts for City of Wichita Falls & State of Texas
People QuickFactsWichita FallsTexas
Population, 2013 estimate104,89826,448,193
Population, 2012 estimate104,54626,060,796
Population, 2010 (April 1) estimates base104,55425,145,561
Population, percent change, April 1, 2010 to July 1, 20130.3%5.2%
Population, percent change, April 1, 2010 to July 1, 2012Z3.6%
Population, 2010104,55325,145,561
 Persons under 5 years, percent, 2010  7.0% 7.7% 
Persons under 18 years, percent, 201022.7%27.3%
Persons 65 years and over, percent, 201012.4%10.3%
Female persons, percent, 201048.2%50.4%
   
 White alone, percent, 2010 (a)  73.2% 70.4% 
Black or African American alone, percent, 2010 (a)12.7%11.8%
American Indian and Alaska Native alone, percent, 2010 (a)1.0%0.7%
Asian alone, percent, 2010 (a)2.4%3.8%
Native Hawaiian and Other Pacific Islander alone, percent, 2010 (a)0.1%0.1%
Two or More Races, percent, 20103.2%2.7%
Hispanic or Latino, percent, 2010 (b)18.9%37.6%
White alone, not Hispanic or Latino, percent, 201063.6%45.3%
   
Living in same house 1 year & over, percent, 2008-201277.3%82.6%
Foreign born persons, percent, 2008-20128.2%16.3%
Language other than English spoken at home, pct age 5+, 2008-201214.9%34.6%
High school graduate or higher, percent of persons age 25+, 2008-201283.9%80.8%
Bachelor's degree or higher, percent of persons age 25+, 2008-201221.4%26.3%
Veterans, 2008-20129,1861,611,660
Mean travel time to work (minutes), workers age 16+, 2008-201214.724.9
Per capita money income in past 12 months (2012 dollars), 2008-2012$22,943$25,809
Median household income, 2008-2012$44,390$51,563
Persons below poverty level, percent, 2008-201215.6%17.4%
   
Source:US Census Bureau State & Country QuickFacts  

Business QuickFactsWichita FallsTexas
 Total number of firms, 2007   8,750 2,164,852
 Black-owned firms, percent, 2007   S 7.1%
 American Indian- and Alaska Native-owned firms, percent, 2007   S 0.9%
 Asian-owned firms, percent, 2007   3.8% 5.3%
 Native Hawaiian and Other Pacific Islander-owned firms, percent, 2007   F 0.1%
 Hispanic-owned firms, percent, 2007   7.5% 20.7%
 Women-owned firms, percent, 2007   28.0% 28.2%
   
 Manufacturers shipments, 2007 ($1000)   932,119 593,541,502
Merchant wholesaler sales, 2007 ($1000)429,066424,238,194
Retail sales, 2007 ($1000)1,597,340311,334,781
Retail sales per capita, 2007$15,717$13,061
Accommodation and food services sales, 2007 ($1000)230,99942,054,592
   
Source:US Census Bureau State & Country QuickFacts  

Geography QuickFactsWichita FallsTexas
Land area in square miles, 201072.14261,231.71
Persons per square mile, 20101,449.396.3
FIPS Code7900048
   
Source:US Census Bureau State & Country QuickFacts  

WF MSA Per Capita Personal Income
WF Per Capita Personal Income Gap

 

Published by Bureau of Business & Government Research, Dillard College of Business, Midwestern State University

 


 

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