Business and Economy in Victoria, TX
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Victoria , TX, is $48,658, and check out the following articles to get an inside look at its key industries and job opportunities.
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Economic Development in Victoria, TX
Economic development in Victoria, TX, is growing with many new jobs and industries - especially in the manufacturing and transportation industries.
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J. Kyle Keener Victoria, TX Top Employers
Victoria, TX jobs consist of many retail, manufacturing, and medical jobs in the community.
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3
Jeff Adkins The Economy in Victoria, TX
Recent developments from Caterpillar and Eagle Ford Shale have provided the Victoria, TX, area with a jobs boom and more.
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Jeff Adkins Improvements in Downtown Victoria, TX
Downtown Victoria, TX, has infrastructure improvements and private investment, and events including new Bootfest are helping re-introduce and re-energize the area.
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Employment Overview
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Victoria ’s economy.
Employment Rate in Victoria County, TX
| Employed | 95.3% | |
| Unemployed | 4.7% |
Occupations in Victoria , TX
Employment in Victoria , TX
| Employment Armed Forces | 0.1% |
| Employment Civilian Labor Force | 65.2% |
| Employment Not in Labor Force | 34.7% |
| Employment Total in Labor Force | 65.3% |
Industry in Victoria , TX
| Agriculture, Forestry, Fishing and Hunting and Mining | 5.6% |
| Construction | 7.9% |
| Manufacturing | 10.2% |
| Wholesale Trade | 3.4% |
| Retail Trade | 13.8% |
| Transportation and Warehousing, and Utilities | 4.3% |
| Information | 0.7% |
| Finance and Insurance, and Real Estate and Rental and Leasing | 4.7% |
| Professional, Scientific and Management and Administrative and Waste | 7.7% |
| Educational Services and Health Care and Social Assistance | 24.5% |
| Arts, Entertainment and recreation and Accommodation and food Services | 8.5% |
| Other Services, Except Public Administration | 4.9% |
| Public Administration | 3.9% |