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Economy

Houston by the Numbers: The City’s Demographics and Economy

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By Douglas A. McIntyre Updated Published
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Houston by the Numbers: The City’s Demographics and Economy

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Houston, flooded by Hurricane Harvey, is the fourth largest city in the United States. The population is 2,303,482, based on data provided by the U.S. Census Bureau for 2016. It has 814,599 households and a median household income of $46,187, about $8,000 below the national average.

Like many large cities, Houston has a poverty problem. The poverty rate in the city is 22.5%, above the national rate of just over 15%. A little more than 23% of the population are black Americans, compared to 13% nationwide. Nearly 44% are Hispanic or Latino, sharply above the national average.

For a large city, Houston’s population has surged recently, up 9.7% since 2010. The total population of the city has more than doubled since 1960, when the count was 938,291.

The median value of a house is $131,700. There are 892,646 housing units in Houston. It is a huge city, geographically. It covers 599 square miles and has a population density of 3,501 per square mile.

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According to the Bureau of Labor Statistics, the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area had a 5.3% unemployment rate in June, well above the national average. The civilian labor force for the area, which is larger than Houston proper, was 3,322,070.

Houston’s economy is dominated by energy businesses. Among the largest employers are ConocoPhillips, Halliburton, Baker Hughes and Apache Corporation. Twenty Houston companies are listed in the Fortune 500, including Baker Hughes, Kinder Morgan and Phillips 66.

Finally, Houston gets just below 50 inches of rain a year. The downpours from Hurricane Harvey could match that in a few days.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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