This article is updated annually and was last updated in September 2022.

Are you considering moving your business to Texas? Or are you thinking about investing in commercial property in Texas? You may be wondering what makes Texas a better choice than other states. 

Read Next: Why Austin Is a Great Place for Your Business

In this article, we give you some of the essential facts about Texas in the following sections:

 

Texas Is Growing

Top 10 Texas Cities by Population

Rank City Population
1 Houston 2,345,606
2 San Antonio 1,456,069
3 Dallas 1,325,691
4 Austin 996,147
5 Fort Worth 954,457
6 El Paso 684,753
7 Arlington 400,032
8 Corpus Christi 320,393
9 Plano 290,624
10 Irving 264,762

Source: World Population Review

 

Texas Has Work

Job Market Growth by City

Rank City Growth
1 DFW 6.9%
2 Houston 6.3%
3 Austin 5.5%
4 Odessa 5.5%
5 San Antonio 4.6%
6 Midland 4.5%

Source: Texas Labor Market Review, 2022

 

Texans Work Hard

  • Texas has a population of 30.2 million and has the second-largest workforce in the U.S. (Esri, 2022)
  • Austin, Texas was named the Hottest Big City Labor Market
  • The median age in Texas is 35 years (Esri, 2022)
Texas Austin-Round Rock-Georgetown MSA Dallas-Fort Worth-Arlington MSA Houston-The Woodlands-Sugar Land MSA San Antonio-New Braunfels MSA
2021 Total Population 30,157,100 2,446,554 2,446,554 7,421,501 2,661,164
2021 Median 

Household Income

$70,834 $89,278 $79,627 $77,032 $67,803
2021 Median Age 35.4 34.9 35.3 35.0 36.2
2021 Working-Age 

Population (Age 18-64) %

61.28% 64.10% 62.29% 61.88% 61.02%

Source: Esri

 

Texans are Diverse

 

Texans Are Educated

 

Texas Has a Booming Housing Market

Median Home Prices in Top Texas Cities

Rank City Median Price
1 San Antonio $319,900
2 Houston $349,900
3 Fort Worth $374,900
4 Dallas $467,000
5 Austin $649,900

Source: Realtor.com, 2022

 

Texas Is Affordable

 

Texas Means Business

  • Texas is the Best State for Business
  • Texas is the Best State to Start a Business
  • Texas is home to 53 Fortune 500 companies including Exxon Mobil, AT&T, Valero, Dell, Sysco, American Airlines, USAA, Southwest Airlines, Halliburton, Waste Management, Texas Instruments, and more
  • Other major employers in Texas include Google, Facebook, Amazon, Boeing, Charles Schwab, Toyota, and many more

 

Texas Is a Global Economic Force

 

Texas Is Connected

 

Texas Entertains

Read Next: Austin, Texas Events Calendar: Your Guide to the City’s Annual Festivals, Events, and More

 

Still have questions about Texas? Reach out to our tenant representation team to learn more.

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Kirk Silas | AQUILA Commercial

Kirk Silas

Kirk manages AQUILA's research department and oversees research initiatives and data collection

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