Fulshear-Katy Community Guide 2024-25

DEMOGRAPHICS

Graphic 1 – Median Household Income U.S. Census Bureau, 2018-2022 American Community Survey 5-Year Estimates, Table ID: S2503 Financial Characteristics

Standards for October 2023 show Houston maintaining growth in all areas except construction. The Greater Houston Partnership, in its “Economy at a Glance — January 2024,” forecasts Houston’s economic growth for 2024 to be slower than in 2023. Indicators for this include higher interest rates with tighter lending standards, a slow commercial real estate market, and labor shortages, among other issues. While growth is slowing, the local economy currently is not in recession. The Houston area has the second highest population growth in Texas and continues to rank No. 1 in Texas and No. 5 nationwide in tech job growth. Graphic 2 shows the top 10 employers in the Katy area that range in size from 2,000 employees to 11,547, according to data from the Katy Economic Development Council. Categories used are Education/Public Schools, various Headquarters (including Engineering, Oil and Gas) Fulfillment Services, Retail (including Stores and Offices, Grocery Stores), and Hospital.

over the age of 18 has attained a graduate or professional degree. Neighborhoods located south of I-10 show the highest percentage of both college and advanced degrees. Median household income (taken from owner-occupied housing only) from the 2022 ACS is shown in Graphic 1. Despite significant geographic variation in income, these data compare very well with the ACS 2021 U.S. Census median household income of $86,298 (owner occupied housing only). EMPLOYMENT AND OCCUPATION Houston has been a world center for energy exploration, production, and technology — employing approximately 30% of oil and gas extraction jobs in the U.S., as well as a center for chemical process technology, space exploration, and associated development. These industries remain the core economic drivers for the area. Data from the U.S. Bureau of Labor

$147,552

$171,692

$123,553 $93,850 $127,758

$169,435

SHELL EXPLORATION AND PRODUCTION 2,000 Employees HQ, Oil and Gas

KATY ISD 11,547 Employees Education / Public Schools

HOUSTON METHODIST WEST 2,300 Employees Hospital

WOOD PLC. & SUBSIDIARIES 8,015 Employees HQ, Engineering, Oil and Gas

HEB 2,500 Employees Retail, Grocery Stores

AMAZON 4,000 Employees Fulfillment Services

IGLOO 2,600 Employees HQ, Distribution and Manufacturing

BP NORTH AMERICA 3,750 Employees HQ, Oil and Gas

KATY MILLS ƒ SIMON GROUP 3,200 Employees Retail, Stores and Oices

ACADEMY SPORTS + OUTDOOR 3,500 Employees HQ. Distribution Center

Graphic 2 – Top Ten Employers in the Katy Area

24 FULSHEAR-KATY COMMUNITY GUIDE & DIRECTORY 2024-25 ISSUE