Texans Are Getting Richer!

Cities across Texas boasted impressive personal income growth in 2011, government data shows.
Tue November 27, 2012 11:38 pm
Bureau of Economic Analysis

Somewhere in Austin, Rick Perry is smiling. New data from the Bureau of Economic Analysis shows there is even more to celebrate about the Texas economy. Personal income growth is up across the board in the state’s cities, as Slate’s Matthew Yglesias noted at Moneybox:

Personal income grew in every metropolitan statistical area in America, but Texas was a star performer. Its biggest MSA, the Dallas-Fort Worth area, was in the top quintile of all American metro areas. So was Houston. So was San Antonio. So was Austin. So was El Paso. That’s five out of the state’s top five metro areas, and you can throw in Corpus Christie [sic] and some of the small West Texas cities for good measure.

Reuters pointed out that Odessa boasted the greatest personal income growth of any city in the country in 2011, at 14.8 percent, far above the national average of 5.2 percent thanks to the drilling boom. (The growth rate when personal income is divided by population–i.e. the per capita personal income growth–was 12.4 percent.) And Midland, Odessa’s wealthier neighbor, wasn’t far behind, with personal income growth of 14.6 percent (and per capita personal income growth of 11.9 percent), Sheryl Jean wrote at the Dallas Morning News . “Odessa’s per capita personal income was $38,385, and Midland’s was $65,173,” she wrote.

But not all the news was rosy: while the average personal income for the state was $40,147, some areas came in at almost half of that: McAllen, for instance, has an average per capita personal income of  $21,620, the lowest of any city in the country.

Per Capita Personal Income by Texas Metropolitan Area & Percent Change from 2010

1. Midland, $65,173. 11.9 percent
2. Houston-Sugar Land-Baytown, $47,612, 5.9 percent
3. DFW-Arlington, $43,708, 4.2 percent
4. Austin-Round Rock-San Marcos, $40,455, 3.9 percent
5. Killeen-Temple-Fort Hood, $40,029, 6.5 percent
6. Victoria, $39,808, 6.9 percent
7. Longview, $38,756, 6.4 percent
8. Beaumont-Port Arthur, $38,620, 5.3 percent
9. Corpus Christi, $38,609, 5.3 percent
10. Tyler, $38,515, 3.8 percent
11. Odessa, $38,385, 12.4 percent
12. San Angelo, $37,532, 5.5 percent
13. Amarillo, $36,968, 4.0 percent
14. San Antonio-New Braunfels, $36,781, 4.5 percent
15. Wichita Falls, $36,671, 4.9 percent
16. Abilene, $35,571, 4.8 percent
17. Texarkana, $34,776, 4.1 percent
18. Lubbock, $34,573, 1.9 percent
19. Sherman-Denison, $33,404, 5.1 percent
20. Waco, $33,943, 2.7 percent
21. El Paso, $30,088, 5.0 percent
22. College Station-Bryan, $29,928, 3.6 percent
23. Laredo, $24,985, 5.4 percent
24. Brownsville-Harlingen, $23,236, 3.0 percent
25. McAllen-Edinburg-Mission, $21,620, 2.1 percent

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