Total Population
120,403
Population
Growth Rate
0.61%
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.
Total Population
120,403
Population
Growth Rate
0.61%
Median Age
34
Diversity Index
83.400
Households
43,220
Total Housing Units
50,706
Owner Occupied
28,282
Renter Occupied
14,938
Vacant
7,486
Median Home Value
$214,864
Average Home Value
$268,130
Income
Growth Rate
Median
Household Income
0.00%
Per Capita Income
2.70%
Median Household
$74,880 $81,546
Average Household
$95,320 $109,209
Per Capita
$34,375 $39,277
Total Businesses
4,348
Total Employed
60,042
2024 Retail Trade Businesses
Businesses
652
Employed
8,792
2024 Educational Services - Businesses
Businesses
78
Employed
8,636
2024 Accommodation / Food Service
Businesses
424
Employed
7,218
2024 HealthCare / Social Assistance
Businesses
464
Employed
6,302
2024 Food Service / Drinking Est.
Businesses
359
Employed
6,050
2024 Public Administration
Businesses
97
Employed
5,668
Some
High School
6,849
Graduated
High School
18,615
Associates
Degree
8,299
Bachelor's
Degree
11,457
Graduate
Degree
5,205