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Economy at a Glance - October 2023

This issue of Glance examines the shifts in Houston’s demography over the past 10 years plus recent trends in the local economy.
Published on 10/2/23

A Look in the Mirror

Each fall, the U.S. Census Bureau releases the American Community Survey (ACS), its annual snapshot of the nation’s economic, demographic, housing, and social characteristics. By examining ACS data over time, one can see shifts in the population. This issue of Glance examines ACS data for ’12 and ’22 and discusses the changes in Houston over that time.

Race and Ethnicity

Houston’s Black, Asian, and Hispanic populations have grown substantially over the past 10 years, while the white population has stagnated. The region has also seen a surge in residents identifying as being of more than one race.

Hispanics now comprise the largest racial/ethnic community in the region. However, no single group constitutes a majority of Houston’s population. It’s been that way since the late ’90s.

The demographic shifts which began here 20 years ago have started to filter through to the rest of the nation. Houston today resembles what the U.S.  will look like 40 years from now.

Foreign-Born Population

Individuals born outside the U.S. represent a larger share of the region’s population than they did a decade ago—22.3 percent in ’12 versus 23.9 percent today. By comparison, the foreign-born population for the nation was 13.9 percent in ’22, up marginally from 13.0 percent in ’12.

Houston’s foreign-born population grew by 370,000 residents over the decade. International migration accounted for about one-third of the region’s gains. Our foreign-born population now exceeds the total population of metros like Jacksonville, Fla.; Providence, R.I.; Milwaukee, Wis.; or Oklahoma City, Okla.

Well over half (61.2 percent) of Houston’s foreign-born residents came from Latin America, 25.9 percent came from Asia, 6.8 percent from Africa, 4.9 percent from Europe, 1.0 percent from North America, and 0.2 percent from Oceania.

Nearly two-thirds (62.6 percent) of Houston’s foreign-born entered the U.S. prior to ’10 while the remainder (37.4 percent) entered after ’10.

To continue reading, download this report.

Note: The geographic area referred to in this publication as “Houston,” "Houston Area” and “Metro Houston” is the nine-county Census designated metropolitan statistical area of Houston-The Woodlands-Sugar Land, TX. The nine counties are: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery and Waller.

Key October Takeaways

Here are the facts to know about the Houston region this month
1
October Takeaway #1
Houston’s demographic profile today resembles what the U.S. will look like 40 years from now.
2
October Takeaway #2
The 65-plus population is the fastest growing age group in Houston, up 58.2 percent since ’12.
3
October Takeaway #3
36.0 percent of Houston’s adult population hold college degrees, up from 29.6 percent ten years ago.

Want to learn more? Contact our Research Team:

Patrick Jankowski, CERP
Senior Vice President, Research
713-844-3616

Previous Issues of Economy at a Glance

SEPT
2023
The Houston Ship Channel, the outlook for business in Texas, and local employment trends
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AUG
2023
The Pivot from Recession to Resilience
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JUL
2023
Mid-Year Report
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JUN
2023
The Global Economy, Home Sales, and Construction
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MAY
2023
U.S. Economic Outlook and Houston's Energy Industry
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APR
2023
Houston's population growth and employment revisions
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MAR
2023
U.S. Recession and Houston's Key Indicators
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FEB
2023
The Year in Review
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JAN
2023
The U.S. Economy and Houston's GDP Estimates
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DEC
2022
Recovery in the Oil and Gas Industry
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NOV
2022
Metro Houston's Job Growth and the Apartment Market
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OCT
2022
Exploring Population Changes Through the ACS
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SEPT
2022
Recession? Maybe, Maybe Not
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AUG
2022
Houston at Mid-Year
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JUL
2022
The Houston Housing Market, Affordability, and Recent Shifts
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JUN
2022
Economic Recovery, Population Growth & Global Houston recap
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MAY
2022
Economic recovery, rising costs & labor force
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APR
2022
Population growth and employment data
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MAR
2022
Local Impact of a Global Event
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FEB
2022
Post-Analysis of 2021 Houston Economy
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JAN
2022
Omicron, GDP, Employment
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DEC
2021
2022 Employment Forecast
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NOV
2021
Job Gains, Real Estate, Exports
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OCT
2021
Inflation, Employment & Global Innovation
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SEP
2021
Employment, Oil & Gas, Containerized Exports, and Housing
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AUG
2021
Delta Variant, Rebounding Travel, Economic Growth and Population Gains
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JUL
2021
Energy Transition, Recovery Bottlenecks, & the Worker Shortage
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JUN
2021
Economic Recovery, Multifamily, Population & More
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May
2021
Housing Boom and Robust Recovery
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APR
2021
Pandemic Recovery, Tech Workforce
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MAR
2021
Pandemic Employment Data
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FEB
2021
Coronavirus Impact and 2021 Outlook
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JAN
2021
Racial Demographics and Population Shifts
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NOV
2020
U.S. Recovery, 2021 Outlook
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OCT
2020
U.S. Recovery, Houston Update
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SEP
2020
COVID-19 Impact on Economy
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AUG
2020
Energy Change Over Time
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JUL
2020
COVID-19 Update, Houston Unemployment
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JUN
2020
COVID-19 Update, Affected Sectors, Energy
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MAY
2020
U.S. & Texas Outlook, GDP
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APR
2020
COVID-19 Update, PMI, Industry Outlook
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MAR
2020
Economic Impact, Global Outlook, Recession Probability
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FEB
2020
U.S.-China Trade Deal, USMCA
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JAN
2020
Houston GDP, Energy, Jobs
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DEC
2019
Sector by Sector Forecast for 2020
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NOV
2019
Houston Region Demographic Update 2
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OCT
2019
Houston Region Demographic Update 1
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SEP
2019
Houston's Growth Engines
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AUG
2019
PMI, Commercial Real Estate & Housing
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