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Demographics

Below you will find information on the demographics in Odessa including population, median household 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 128,988 persons in 2009 to over 153,000 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.

Population 2016
Odessa-Midland CSA 308,994
Ector County 153,177
City of Odessa 114,258
Midland County 155,817
City of Midland 128,051
Source: Chmura Economics and Analytics  (Estimated and Adjusted Annually)

Odessa Demographics

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
Under 24 62,631 59,043
25-44 43,406 45,100
45-64 32,287 35,915
65 & Older 14,853 15,759
Source: Chmura Economics and Analytics 

 

Population Percentage by Race
White 83.20%
Black or African American 5.10%
American Indian and Alaska Native 0.50%
Asian 1.40%
Native Hawaiian and Other Pacific Islander 0.00%
Some Other Race 6.20%
Two or More Races 3.50%
Hispanic or Latino (of any race) 54.80%
Source: Chmura Economics and Analytics

 

Effective Buying Income

Income
 2016 Ector County Midland County
Number of Households 56,167 57,878
Median Household Income  58,335  71,424
Per Capita Income 27,295 36,869
 Median Age  30.4  31.9
Sources: Chmura Economics and Analytics

Odessa Cost of Living

COST OF LIVING INDEX – Provided by The Council for Community and Economic Research

Odessa Cost of Living Report – 2018 Q1

Cost of Living Calculator