Below you will find information on the demographics in Odessa including population, effective buying income, households by age, per capita income and more. If you need any more data on our community, just call or email us and we would be glad to send it your way.
Population of Odessa
The population of the area has been steadily rising for a number of years, with the Odessa MSA expanding from fewer than 121,000 persons in 2001 to over 157,000 in 2016 and the Permian Basin Region increasing from approximately 374,000 residents in 2001 to nearly 473,000 in 2016. The rate of growth was somewhat greater during the peak years of the recent oil boom, but has maintained an ongoing pattern of sustained gains.
The population of the area is projected to expand by approximately 57,700 by 2040 and bring the number of residents to over 215,000. Employment is forecast to grow 1.70% yearly through 2040, resulting in over 37,400 net new jobs. Real personal income and real retail sales are projected to increase by 3.81% and 4.13% per year, respectively, a pace that will support modest increases in overall living standards.
For the purpose of comparison, the rate of growth for output (RGP) in Texas is forecast to be 3.25% annually through 2040, with employment in the state expanding at a pace of 1.70% per year.
|City of Odessa||118,968|
|City of Midland||132,950|
|Sources: US Census Bureau (Estimated and Adjusted Annually)|
The demographic composition of the Odessa MSA has experienced some notable changes over the past five years. The percentage of total population of Anglos has fallen from 40.1% in 2011 to 36.5% in 2015. The Hispanic population as a percentage of the total has risen by 3.25 percentage points from 53.7% in 2011 to nearly 57.0% in 2015. The population in the 65 and older age group as a percentage of the total has also increased over the last few years, rising from 10.3% in 2011 to 11.1% in 2015.
|Households by Age of Householder|
|Ector County||Midland County|
|65 & Older||14,490||15,779|
|Sources: *US Dept of Commerce Bureau of Economics: www.bea.doc.gov Census Bureau|
Effective Buying Income
|Effective Buying Income|
|2012||Ector County||Midland County|
|Number of Households||49,972||52,634|
|Effective Buying Income|
|Total EBI ($000)||2,308,047||3,110,960|
|Median Household EBI||36,009||43,055|
|Average Household EBI||46,187||59,106|
|Per Capita EBI||22,434||31,056|
|Sources: Neilsen Solution Center 2012|
|Note: EBI – Effective Buying Income is defined as money income less personal tax payments or “disposable” or “after tax” income.|
Odessa Cost of Living
COST OF LIVING INDEX – Provided by The Council for Community and Economic Research
Cost of Living Calculator