Economic Report - December 2014
Economic Statistics

Unemployment Rate (Hays County)
October 2014 - 3.9%
October 2013 - 5.2% 
 
Labor Force (Hays County)
October 2014 - 93,073
October 2013 - 91,294
 
Sales Tax Deposit (City of Buda)
November 2014- $477,245.52
November 2013 - $368,061.27
29.6% INCREASE
 
Sales Tax Deposit (Hays County)
November 2014 - $1,301,081.25
November 2013 - $1,156,448.93
 
 

Data Sources:
Texas LMCI Tracer Data
Texas Comptroller of Public Accounts
 
 
 

 
   
  
 
New Demographic Data Highlights Buda's Ongoing Transformation
 

    

New demographic data from The Retail Coach is indicative of a continuing transformation of  Buda, Texas from year to year.

 

Numbers indicate Buda's population has grown by 4.37% from last year. Buda's population remains fairly young, but the median age increased slightly to 33.8 from 33.1 years. Education level are continuing to rise in the city, with an 28.7% increase in the number of residents with a Bachelor's Degree.

 

 

Buda's number of household increased by 6% which indicates the number of households are growing at a faster rate than the population, which is why the average household size decreased slightly to 2.91.

 

 

Buda's average household income in 2014 was $96,464, which was relatively high for the area, increased by 5.2% over the last year to $101,509. While average household income is a good measurement, median household income can be a better benchmark. Median household income increased by 4.2% growing from $83,403 to $87,444. For comparison, the median household income listed on Kyle's economic development website is $70,226; 24.5% less than Buda's.

Other demographic statistics indicate Buda residents are transitioning from blue-collar and farm employment to primarily white-collar occupations. Both blue-collar and farm/service occupations declined significantly from 2014 to 2015 data, while white-collar occupations increased by 9.8%. The average travel time to work also decreased from 37.67 minutes to 35.41 minutes.

The number of owner-occupied housing increased slightly to 84.22%, while the average length of resident for owner-occupied decreased to 10.3 years from 11.1 years. Housing values in Buda continued to rise, increased by 14.4% to $206,473.

During the holiday season, our thoughts turn gratefully to those who have made our success possible and we reflect upon the good things we have. It is in this spirit that we say thank you and hope that the holidays and coming
year will bring you happiness and success.
 
Best wishes for the holidays and New Year.
 
- Your Friends at the Buda EDC