The median age of Permian Basin Region residents is 34.
The diversity index of Permian Basin Region is 81.5, meaning that there is a 82% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Permian Basin Region is $106,357 and projected to be $121,689 in 2029. Per capita income is $37,267, projected to be $43,035 in 2029. 3.67% of households – 18,330 – have an income of $200,000 or higher. Average net worth is $974,452 and the average disposable income is $82,318.
There are 205,759 housing units in Permian Basin Region; 121,196 are owner-occupied, 53,131 are rented, and 31,432 are vacant. The average home value is $279,251, with 33,451 homes built in 2010 or later, and 3,769 built in 1939 or earlier.
There are 18,749 businesses in Permian Basin Region, employing 217,208 workers and pulling from a labor force of 221,673 age 16 and above. 43,970 workers commute into Permian Basin Region from outside the county or state. Key industries for the area include:
175,882 residents both live and work in/around Permian Basin Region. The average travel time is 0.0 minutes. 6.81% people have a commute of less than 5 minutes while 4.81% commute 90 minutes or more each way. Of commuters, 180,112 drive alone, 26,712 carpool, and 294 take public transportation. 5,645 use other modes of transport such as motorcycle, bicycle, walking, etc. 8,852 residents work from home.
96,160 members of the workforce hold a high school diploma or GED. 27,069 have associates degrees, 51,005 have bachelor’s degrees, and 21,638 hold a graduate or professional degree.
