Victoria, TX

Victoria Metro Area industry wages have increased by 15.9% percent since 2001

2007-03-19T02:14:00.001-07:00

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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in the Victoria Metro Area by a total of 15.9%. This is less than the growth in average industry wages for Texas and less than the growth in industry wages across the US.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Victoria Metro Area Industry Wages Lag Behind Texas, and Wages Lag Behind the United States Industry Wages

2007-02-27T23:06:00.001-08:00

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Total wages in all industries in Victoria, TX can be described as medium-high when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 12 percent lower than the with an state average of $41,186. The industry pay was less than the overall average in the United States of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Victoria Five-Year Industry Employment Change

2007-02-11T20:10:00.001-08:00

Total Five-Year Employment Growth in the Victoria Metro Area

Of the industries (4-digit NAICS) in the area, the Department stores industry has accounted the most employment growth with a total of 136 employees finding new jobs in the industry. The employment growth in the Department stores industry makes up 27.2 percent of the growth in Victoria.

Top 5 Industries
1. Department stores (136 new jobs)
2. Nondepository credit intermediation (98 new jobs)
3. Machinery and equipment rental and leasing (61 new jobs)
4. Lawn and garden equipment and supplies stores (43 new jobs)
5. Gasoline stations (41 new jobs)

Total Five-Year Employment Decline in the Victoria Metro Area

Given the industries in the area, the Limited-service eating places industry experienced most substantial job loss, losing 133 jobs. The declines in the Limited-service eating places industry make up 29.2 percent of the employment lost during the period in Victoria, TX.

Top 5 Industries
1. Limited-service eating places (133 jobs lost)
2. Private households (122 jobs lost)
3. Advertising and related services (82 jobs lost)
4. Telecommunications resellers (82 jobs lost)
5. Machinery and supply merchant wholesalers (25 jobs lost)

From the 21 industries with industry data reported by the BLS in each quarter, 8 showed an escalation in the number employed, while 13 industry sectors reported declines during the time period.

In the Victoria, TX metro area, the aggregate employment for all industry sectors has decreased by 205 jobs between mid-2001 and mid-2006.

Employment for all industries has decreased by 0.5 percent from the reported values in 2001. These values are greater than growth in Texas, which experienced a gain of 4.8 percent since the 2nd Quarter of 2001. The losses were greater than than the gain experienced overall in the US of 2.6 percent.

The Victoria Metro Area: Five-Year Percentage Growth in Employment

The Activities related to credit intermediation industry has experienced the largest percentage growth, expanding by 111.1 percent from 2001 (2nd quarter) to 2006 (2nd quarter). This industry sector in Victoria has increased employment faster than the overall industry growth seen in the State of Texas, where this industry saw a gain of 65 percent. The Activities related to credit intermediation industry in Victoria outpaced the US in terms of percent growth of industry employment. During this period, the US gained 49.5 percent of the industry employment.

Top 5 Industries
1. Activities related to credit intermediation (111.1 percent gain)
2. Nondepository credit intermediation (94.8 percent gain)
3. Lawn and garden equipment and supplies stores (56.1 percent gain)
4. Other ambulatory health care services (55.7 percent gain)
5. Machinery and equipment rental and leasing (40.3 percent gain)

The Victoria Metro Area: Five-Year Percentage Decline in Employment

The Advertising and related services industry has seen the largest percentage drop in employment, losing 73.4 percent from 2001 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Texas, where the industry felt a loss of 2.6 percent. The losses in the Advertising and related services industry in Victoria outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 6.4 in percent of jobs in the Advertising and related services industry.

Top 5 Industries
1. Advertising and related services (73.4 percent decline)
2. Telecommunications resellers (66 percent decline)
3. Private households (31.4 percent decline)
4. Support activities for water transportation (14.1 percent decline)
5. Motor vehicle and parts merchant wholesalers (9.8 percent decline)

Victoria One-Year Industry Employment Change

2007-01-24T17:43:00.000-08:00

Total One-Year Employment Decline in the Victoria Metro Area

Of the area's industries (4-digit NAICS), the Basic chemical manufacturing industry experienced most substantial job loss, losing 152 jobs in that time period. The declines in the Basic chemical manufacturing industry make up 39.7 percent of the employment lost during the period in Victoria, TX.

Top 5 Industries
1. Basic chemical manufacturing (152 jobs lost)
2. Limited-service eating places (64 jobs lost)
3. Child day care services (48 jobs lost)
4. Private households (45 jobs lost)
5. Gasoline stations (22 jobs lost)

In the Victoria, TX metro area, the entire sum of jobs in all of the industries has increased by 652 jobs from mid-2005 to mid-2006.

Out of the 51 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each quarter, 12 accounted an for increase in employment during the period and 36 industry sectors reported declines during the time period.

Total One-Year Employment Growth in the Victoria Metro Area

Out of the 4-digit NAICS industries, the Home health care services industry has added the most employment with 103 total jobs brought in during the period. The growth in the Home health care services industry makes up 12.9 percent of the total growth in Victoria.

Top 5 Industries
1. Home health care services (103 new jobs)
2. Clothing stores (93 new jobs)
3. Architectural and engineering services (85 new jobs)
4. Ag., construction, and mining machinery mfg. (81 new jobs)
5. Grocery stores (54 new jobs)

Employment for all industries has increased by 1.6 percent from the reported values in 2005. These values are less than percent in Texas, which experienced a gain of 4 percent since the 2nd Quarter of 2005. The gains the area experienced were less than than the gain seen for the United States of 2 percent.

The Victoria Metro Area: One-Year Percentage Growth in Employment

The Other personal services industry has experienced the largest percentage growth, expanding by 66.7 percent from 2005 to 2006. This industry in Victoria has increased employment faster than the industry has grown in the State of Texas, where the industry took a gain of 5.2 percent. The Other personal services industry in Victoria outpaced the national average, which felt a gained 1 percent.

Top 5 Industries
1. Other personal services (66.7 percent gain)
2. Ag., construction, and mining machinery mfg. (57.1 percent gain)
3. Book, periodical, and music stores (34.1 percent gain)
4. Clothing stores (31.1 percent gain)
5. Architectural and engineering services (29.5 percent gain)

The Victoria Metro Area: One-Year Percentage Decline in Employment

The General rental centers industry has seen the largest percentage drop in employment, losing 21.7 percent of the jobs from 2005 to 2006. These have declined slower than the industry has experienced in the State of Texas, where the industry reported a loss of 23.4 percent. The losses in the General rental centers industry in Victoria outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 8.8 percent in terms of employees in the General rental centers industry.

Top 5 Industries
1. General rental centers (21.7 percent decline)
2. Private households (14.4 percent decline)
3. Child day care services (13.8 percent decline)
4. Basic chemical manufacturing (9.7 percent decline)
5. Alcoholic beverage merchant wholesalers (7.5 percent decline)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Victoria, TX

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The rate of poverty in the Victoria, TX Metro has increased by 2.5 percent from the levels reported in the Decennial Census of 2000, moving from 12.9 percent to 15.4 percent.

Hispanic households in Victoria, TX recorded a median income of $36,525, which is 19.4 percent less than the areas median income level for all households. It was reported in 2000 that the Asian headed households had median household incomes of $60,721. This household income level is 34 percent greater than the reported median household income for all households in the area. The American Indian and Alaska Native households in Victoria reported an income level of $35,027, this level was 22.7 percent less than the median for all households. In Victoria, TX White householders had a median household income (in 2005 Dollars) of $48,592 as reported by the Decennial Census of 2000, which was 7.2 percent greater than the median household income in 2000. Black or African American householders reported household income levels that were 33.6 percent less than the total 2000 reported median, with a their median reported to be $30,094.

As the median household income witnessed a decline during the period of 2000 to 2005 in the Victoria, TX metro area, the Race/Ethnicity group that went through the most dramatic decline in household income was the Hispanic category. This group felt a decline of 35 percent since the year 2000. The Asian Race/Ethnicity group has been least impacted by the median income decline in Victoria, seeing a 142 percent increase in household income, since the reported levels in 2000.

When put side-by-side with other Metros throughout the United States, the Victoria metro area can be understood to have a medium-high rate of poverty among its population, accounting a rate of 12.9 percent of people living in a family with an income below the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 23.3 percent of the 2000 residents living in poverty. People aged Under 5 years have the largest percent of population in poverty in Victoria, accounting 20.9 percent of this age group in the area living in poverty.

Compared to other MSAs throughout the nation, the Victoria metro area reported a medium-high median income for households of $45,316 (2005 Dollars). This median is 3.1 percent lower than the median in State of Texas of $46,715 and the median household income is 8.4 percent lower than the median household income level in the US of $49,133.

The areas median household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $36,547, which amounts to a 19.4 percent decline. The Victoria, TX MSA, in terms of percent of decline, ranks 1 of 22 metro area in percent of decline for income levels in the State of Texas. Victoria ranks 8 of 233 metro area when comparing the decline in household income across the nation.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Victoria, TX Metro Area

2006-12-19T23:06:00.000-08:00

Between 2000 and 2005, the percent of the male population that can be understood as highly educated has decreased by 0.8 percent. In the year 2005, 17.2 percent of the total male population, in the area, has obtained at least a Bachelors Degree. From 2000 to 2005, the percent of women with a Bachelors or Higher has decreased by a total of 1.0 percent. By 2005, a total of 14 percent of the female population had achieved this level of education.

Since 2000, the Victoria metro area has decreased in the percent of the total population (+25) with a BA or Higher. The portion of this population has declined by 0.6 percent to a total of 15.6 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is less than the 2005 State of Texas percent of 25.2 and less than the national percent of 27.2.

The American Community Survey reported that in the Victoria, TX Metro Area, many men in the area have reached the High School Diploma category, with 37.4 percent achieving this level. The female population in the Victoria metro area have achieved a lower level of higher education (Bachelors or Higher) than the men in the area: 17.2 percent (Men) versus 14 percent (Women). Many of the women in the area achieving a High School Diploma category, with 29.8 percent of the areas female population attaining this level of education.

In the Victoria, TX Metro Area according to the American Community Survey of 2005, 19.6 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and 5.8 percent of the Hispanic or Latino (+25) population has achieved at least a Bachelors Degree.

Victoria, TX Metro Area has a less-educated population of the working age, with 15.6 percent of the population (+25) having received at least a Bachelors Degree, as reported in the 2005 American Community Survey. The Victoria MSA was reported to have a lower percent of the population with at least a Bachelors than the State of Texas's proportion of 25.2 percent and a lower percent than the national average of 27.2 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Victoria, TX

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The Victoria metro area had a population that was estimated at 113,356 for the year 2005. The total population has increased, since the population in 2000 of 111,659. This growth represents an increase of 1.5 percent. Victoria ranks 21 of 25 MSAs by growth in total population in Texas and the metro area ranks 290 of 361 metro areas by growth in MSA population in the United States.

Since the year 2000, a medium-high amount of people migrated into the Victoria metro area, with 1,094 people migrating in from outside the country. The immigration into Victoria accounts for 0.2 percent of the total international migration into the State of Texas. This percent of immigration can be considered medium-high when compared to international migration per 2005 population.

When calculating the total land area, the Victoria metro area spans a total of 2248 square miles. The MSA has a low average area density of 50 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Pine Bluff (51 per sq. mile ), Yakima (54 per sq. mile ), Wichita Falls (56 per sq. mile ), -- less densely populated -- Las Cruces (50 per sq. mile ), St George (49 per sq. mile ), Redding (48 per sq. mile ).

The Victoria metropolitan statistical area (MSA) has a population that is made up of 51.2 percent White, 5.2 percent African American, 1.4 percent Asian, and 41.4 percent Hispanic. The population mix can be considered to have a very high amount of racial and ethnic diversity, with 48.0 percent minorities. This is less than the State of Texas percent of 49.5. Since 2000, Victoria has increased in diversity when 46.2 percent of the population was made up of minorities.

The U.S. Census Bureau, in the year 2005, estimated the median age in the Victoria metro area to be 35.7 years of age. The median age in Victoria is greater than the median in Texas of 33.2. Since 2000, the area has experienced an increase in the median age, when it was 34.2 years old. With 32.2 percent of the 2005 population being made up of children and youth younger than 18, Victoria can be described as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-low representation within the population, making up 61.6 percent of the population falling in this age category. The retirement (65 and over) group makes up 13.4 percent of the population. When compared to other metro areas in the United States, this represents a medium-low percent of the population base.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Victoria

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In Victoria, the U.S. Census Bureau, Population Division accounted for a total of 48,516 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding in all 1,379 residential units since 2001, or 2.9 percent.

The residential real estate values in Victoria, Texas have seen declines since the Census values accounted for in the year 2000. The values have descreaed by $-,500, or -0.7 percent, since 2000 when their medians were reported to be $73,300.

Victoria recorded a median home value in 2005 of $72,800, reported by the American Community Survey. This home value is less than the Texas 2005 median home value of $106,000 and less than home value of $167,500 for the rest of the nation in that year.

In the State of Texas, Victoria places 18 of the 25 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 281 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

According to the data, there is a large amount of real estate that is affordable in Victoria, Texas. In 2005, 78.7 percent of owner-occupied dwellings were valued under $125k.

Victoria has a small, but present percentage of homes that are high in price. For 2005, the American Community Survey counted that 0 percent of the areas residential property was valued over $500k.

Data Source: U.S. Census Bureau

Employment Report for Victoria, Texas -- Annual 2005 Industry Summary

2006-11-05T03:32:00.000-08:00

In Victoria, Retail Trade, Manufacturing, and the Construction sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the largest employment industry and makes up 16.2 percent of total employment in the Metro Area, making up 6,458 employees. The Manufacturing and Construction sectors provide 14.5 and 9.6 percent of all employment.

The Victoria Metropolitain Area is ranked number 299 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 291 of 363 Counties.

Arts, entertainment, and recreation has seen the highest growth in employment from the years 2001-2005 in Victoria, increasing by 6.9 percent. This is greater than the industry job change at the national level of 4.7 percent. The State of Texas faced a industry job change of 8.3 percent, during the time since 2001.

A high-wage industry in Victoria is the real estate and rental and leasing sector with an annual pay of $28,649. In the Metropolitan Area since the year 2001, the annual average pay of the industry has grown by 12 percent or $3,059. The State of Texas has a different job market in the real estate and rental and leasing sector, standing in the middle of industries in terms of 2004 annual average wages.

In Victoria, Utilities, Construction and Retail Trade have the highest US LQ in 2005. The Utilities sector in the county has a location quotient of 2.27. This means the percent of total employment in the Utilities industry is 2.27 times greater than the national average, signifying that Victoria produces more than its local requirement of products and/or services of Utilities.

The Mining has seen the largest decrease in industry presence in the Victoria Metro Area, from the year 2001 to 2005, accounting for 5.9 percent of total jobs in the year 2001 to 0 percent in 2005.

Manufacturing has a largest number of employees per establishment in Victoria MSA. In the region, the industry averages 53 jobs per establishment, which is greater than the industry's average in the United States of 39 and greater than the Texas average establishment size of 38 for the Manufacturing industry.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).