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Old 09-04-2007, 01:37 PM
 
81 posts, read 335,652 times
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As I was saying in the now locked Odessa/Midland area City-Data thread, it looks like a fine, clean, and progressive place to me.


"Midland ranks 15th nationally in per capita personal income"

by Mella McEwen

Midland Reporter-Telegram
09/02/2007

MyWestTexas.com - Midland ranks 15th nationally in per capita personal income (http://www.mywesttexas.com/site/news.cfm?newsid=18776156&BRD=2288&PAG=461&dept_id= 475626&rfi=6 - broken link)




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Old 09-04-2007, 03:30 PM
 
Location: Midessa, Texas Home Yangzhou, Jiangsu temporarily
1,505 posts, read 3,997,117 times
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I hate it when there is no link to the source data, so I went and found it. Here it is:

Personal Income for Metropolitan Areas, 2006

Here are all the metros of Texas in order from highest to lowest.

Midland, TX
Houston-Sugar Land-Baytown, TX
Dallas-Fort Worth-Arlington, TX
Austin-Round Rock, TX
Tyler, TX
Wichita Falls, TX
Longview, TX
San Antonio, TX
Killeen-Temple-Fort Hood, TX
Victoria, TX
Beaumont-Port Arthur, TX
Corpus Christi, TX
Amarillo, TX
San Angelo, TX
Abilene, TX
Lubbock, TX
Odessa, TX
Waco, TX
Sherman-Denison, TX
College Station-Bryan, TX
El Paso, TX
Laredo, TX
Brownsville-Harlingen, TX
McAllen-Edinburg-Mission, TX

Last edited by Lucidus; 09-04-2007 at 03:54 PM..
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Old 09-05-2007, 05:03 PM
 
Location: El Paso, TX
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I wonder if the people who do these polls ever step foot in the places they poll to get a better idea of what they are talking about.
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Old 09-05-2007, 05:25 PM
 
Location: Midessa, Texas Home Yangzhou, Jiangsu temporarily
1,505 posts, read 3,997,117 times
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Quote:
Originally Posted by Muhnay View Post
I wonder if the people who do these polls ever step foot in the places they poll to get a better idea of what they are talking about.
These are not polls. This an analysis done by the U.S. Department of Commerce.
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Old 09-05-2007, 06:09 PM
 
Location: El Paso, TX
5,080 posts, read 8,661,084 times
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Ok is it done by paper, or by actual field study? What is taken into account? What fields are covered? What I am getting at is, that I don't trust stuff like this, because all if these can be twisted to favor an area in some way.

But dont get me wrong.. thats great news if its true.
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Old 09-05-2007, 08:11 PM
 
Location: Where I live.
9,191 posts, read 20,088,909 times
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Quote:
Originally Posted by Muhnay View Post
Ok is it done by paper, or by actual field study? What is taken into account? What fields are covered? What I am getting at is, that I don't trust stuff like this, because all if these can be twisted to favor an area in some way.

But dont get me wrong.. thats great news if its true.
I know how you feel about Midland, so I can see why you would question this.

If they said that about a place you liked, you wouldn't even raise all this.
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Old 09-05-2007, 09:16 PM
 
81 posts, read 335,652 times
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The Federal government has access to boatloads of data including tax returns, etc.

The price of oil 2000 was $20/ bbl and now it's $75/bbl?
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Old 09-06-2007, 06:41 AM
 
Location: Midessa, Texas Home Yangzhou, Jiangsu temporarily
1,505 posts, read 3,997,117 times
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Quote:
Originally Posted by Muhnay View Post
Ok is it done by paper, or by actual field study? What is taken into account? What fields are covered? What I am getting at is, that I don't trust stuff like this, because all if these can be twisted to favor an area in some way.

But dont get me wrong.. thats great news if its true.
I understand. The numbers for 2006 are in fact estimates. The hard numbers will not be available until 2008 for the year 2006. But the numbers for 2005 and 2004 are the hard numbers.

The report does not say what their exact methodology is but it does say that the personal income numbers are considered before taxes, deductions, etc. That would have me believe that they are coming from tax returns.

I think the estimates are reliable because they do not differ from the hard numbers of previous years. I also do not see any reason why the Department of Commerce would have motivation to favor Midland. I think the simplest and therefor most likely correct explanation is that per capita incomes are actually higher in Midland than in any other Texas city. It makes sense, with high incomes from mineral rights and the tight labor market in Midland.
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Old 09-12-2007, 09:21 AM
 
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There are lots of very wealthy people in Midland. Midland is home to many of the top dogs in the oil field. President Bush even owned (may still own?) an oil company while in Midland. It is not the prettiest, the homes are not the largest, but Midland has some very wealthy people.
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Old 09-12-2007, 09:32 AM
 
Location: Where I live.
9,191 posts, read 20,088,909 times
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Quote:
Originally Posted by tgannaway89 View Post
There are lots of very wealthy people in Midland. Midland is home to many of the top dogs in the oil field. President Bush even owned (may still own?) an oil company while in Midland. It is not the prettiest, the homes are not the largest, but Midland has some very wealthy people.
No, Bush was never very successful in the oil business....and sold out sometime in the very early 80s, and left Midland at that time. He played his short-term Midland roots to the hilt in both elections, though.

Midland is booming once again, and there are those who did not learn the hard lessons from the boom-bust earlier. Many seem to be repeating the same mistakes once again, and are going to find themselves overextended once again if the bust is severe. The largest bank in town went under in 1984, so you KNEW it was bad!!

I hope that never happens again there.
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