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Houston, Texas

Economy in Houston

Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.

Economy in Houston, Texas

Houston's job market continues to expand, though at a moderating pace, with the Greater Houston Partnership projecting 75,000 new jobs in 2025, pushing total employment past 3.5 million. Key growth sectors for 2025 include government, hospitality, construction, professional and technical services, and healthcare. The energy industry, particularly oil and gas, remains a significant employer, experiencing a 9.7% growth in employment in 2024. The city also shows a strong entrepreneurial spirit, with a 92% rise in small business account applications between 2024 and 2025. While the overall economic outlook is positive, some indicators, like the Houston Purchasing Managers Index, showed slight contraction in early 2025, suggesting a potential slowing of the regional economy.

Economy & Jobs

Average Salary
$75,200
Unemployment
4.20%
GDP
$0.0B
Business Score
72

Top Industries

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About Houston, Texas

Houston, often referred to as 'Space City' due to its strong ties to NASA's Johnson Space Center, is a sprawling metropolis in Texas known for its diverse economy, cultural attractions, and relatively affordable cost of living. The city boasts a rich history rooted in the energy industry, which continues to be a major economic driver. People are drawn to Houston for its abundant job opportunities, particularly in sectors like healthcare, energy, and aerospace, as well as its vibrant culinary scene and diverse communities. Its strategic location near the Gulf of Mexico also contributes to its unique climate and port activity.

About Texas

Texas, known as the "Lone Star State," is characterized by its vast and diverse landscapes, ranging from eastern forests to western deserts, and a strong sense of cultural identity. Its economy is one of the largest and most diverse in the United States, driven by major industries such as energy (oil, natural gas, and renewables), information technology, aerospace, defense, manufacturing, and agriculture. Living in Texas generally offers a lower cost of living compared to the national average, with housing expenses being approximately 16% lower. The climate varies significantly across the state, from humid subtropical in the east to semi-arid in the west, with notoriously hot summers, especially in southern cities, and mild to cool winters. The lifestyle often blends urban amenities with a strong appreciation for outdoor activities, Texan heritage, and a generally pro-business environment.