Industry Snapshot

MATAGORDA COUNTY

The largest sector in Matagorda County, Texas is Health Care and Social Assistance, employing 1,416 workers. The next-largest sectors in the region are Retail Trade (1,396 workers) and Educational Services (1,319). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Utilities (LQ = 17.83), Agriculture, Forestry, Fishing and Hunting (5.76), and Mining, Quarrying, and Oil and Gas Extraction (3.95).

PALACIOS

The largest sector in the City of Palacios, TX is Educational Services, employing 190 workers. The next-largest sectors in the region are Accommodation and Food Services (144 workers) and Agriculture, Forestry, Fishing and Hunting (128). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 11.29), Educational Services (2.83), and Accommodation and Food Services (2.07).

BAY CITY

The largest sector in the City of Bay City, TX is Health Care and Social Assistance, employing 1,145 workers. The next-largest sectors in the region are Retail Trade (1,054 workers) and Accommodation and Food Services (924). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Mining, Quarrying, and Oil and Gas Extraction (LQ = 3.61), Agriculture, Forestry, Fishing and Hunting (2.62), and Accommodation and Food Services (1.74).

Cost of Living Index

The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power.

MATAGORDA COUNTY

The cost of living is 14.3% lower in Matagorda County, Texas than the U.S. average.

Gross Domestic Product

Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2021, nominal GDP in Matagorda

County, Texas expanded 2.5%. This follows a contraction of 5.5% in 2020. As of 2021, total GDP in Matagorda County, Texas was $1,850,686,000.

Of the sectors in Matagorda County, Texas, Utilities contributed the largest portion of GDP in 2021, $757,331,000 The next-largest contributions came from Manufacturing ($214,360,000); Real Estate and Rental and Leasing ($100,048,000); and Health Care and Social Assistance ($98,422,000).