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 2020 | |
| Odessa-Midland CSA | 343,055 |
| Ector County | 166,223 |
| City of Odessa | 123,334 |
| Midland County | 176,832 |
| City of Midland | 146,038 |
| Source: Chmura Economics and Analytics, Census Bureau (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 – 2019 Q3