Total Population
122,004
Population
Growth Rate
0.58%
Median Age
34
Diversity Index
83.400
Odessa is a vibrant, growing community. Life in Odessa is not just about business. It is a community that welcomes its citizens with open arms in the business community and daily life.
Odessa has long been known for its rich resources due to its location in the Permian Basin, the largest single source of oil and gas deposits in the United States. The abundant energy combined with world-class infrastructure, a skilled workforce and a pro-business climate has proven Odessa ideal for business.
The local economy has rapidly diversified recently, with new businesses coming to the community. Today, Odessa is a focal point for product distribution for national and international companies outside the oil and gas industry.
As a result, Odessa continues to grow, with the population forecasted to exceed 215,000 by 2040. Employment forecasts 1.70% growth annually in that timeframe, creating over 37,400 net new jobs. Real personal income and retail sales are projected to increase by 3.81% and 4.13% per year, respectively. For comparison, the rate of growth for output 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.
The outstanding cultural and recreational opportunities, healthcare facilities and ease of access to the surrounding region make Odessa the ideal place for business expansion and relocation.
Households
44,047
Total Housing Units
51,068
Owner Occupied
27,180
Renter Occupied
16,867
Vacant
7,021
Median Home Value
$203,709
Average Home Value
$271,459
Income
Growth Rate
Median
Household Income
0.00%
Per Capita Income
2.47%
Median Household
$59,954 $65,880
Average Household
$84,115 $94,421
Per Capita
$30,514 $34,473
Total Businesses
4,274
Total Employed
59,358
2023 Retail Trade Businesses
Businesses
664
Employed
8,914
2023 Educational Services - Businesses
Businesses
76
Employed
8,430
2023 Accommodation/Food Service
Businesses
399
Employed
6,771
2023 HealthCare/Social Assist
Businesses
440
Employed
6,184
2023 Food Service/Drinking Estab
Businesses
333
Employed
5,685
2023 Public Administration
Businesses
87
Employed
5,235
Some
High School
7,224
Graduated
High School
19,013
Associates
Degree
7,593
Bachelor's
Degree
12,485
Graduate
Degree
4,954