Page 68 - Southlake FY20 Budget

City Profile

Southlake, Texas: At-A-Glance

The City of Southlake, Texas Labor Force & Economic Base
• Websites: • Labor pool ages 20-64:
--CityofSouthlake.com --Within 5 miles of Southlake: 66,842
--MySouthlakeNews.com --Within 10 miles of Southlake: 266,944
--VisitSouthlakeTexas.com --Within 20 miles of Southlake: 1,435,099
--TheMarqSouthlake.com • Employment by occupation:
• 22.5 square miles -- 62.7% Managerial/Professional
• Located in the heart of the DFW Metroplex -- 23.3% Sales & Office
• Centrally located between DFW International Airport -- 6.0% Service Occupations
(5 miles east) and Fort Worth Alliance Airport (8 miles -- 2.6% Construction/Maintenance
west) -- 5.4% Production/Transportation
• Approx. 2,192 businesses and non-profit
Demographics organizations
• 2020 population projection of 30,310 • Over 15 million square feet of commercial space
• Projected build-out of 34,188 • Texas is a “Right-to-Work” state
• Population by age: • Texas has no state personal income tax
--Under 19 years 36%
--20-64 years 54%
--65 years and older 10% Transportation
• 2018 average people per household of 3.27 • Major highways are SH 114, FM 1938, and FM 1709
• 2018 median household income of $225,348 • SH 114 connects to I-35W and I-35E
• 2018 average home sales price of $718,531 • Airports:
• 69% of residents 25 years and older have a DFW International - DFWAirport.com
bachelor’s degree or higher --Third busiest passenger airport in the world, over
66.4M passengers in 2017
Financial Status --Generates $37B annually for North Texas economy
City Bond Ratings --Provides over 228,00 area jobs
--“AAA” from Standard and Poor’s --Every major city in the continental United States
--“AAA” from Fitch IBCA can be accessed within four hours
8.25% total sales tax rate - includes 0.5% for parks, --Home to American Airlines hub
0.375% for economic development and 0.125% for crime --Access to Dallas Area Rapid Transit (DART) mass
control district transit system
--Future access to TEXRail commuter rail system
Top Employers --Air Transport World’s 2019 Global Airport of the
Sabre Holdings - 3,000 Employees Year
TD Ameritrade - 2,016 Employees Fort Worth Alliance Airport - AllianceAirport.com
Carroll ISD - 1,152 Employees --The nation’s first industrial airport
Keller Williams - 700 Employees --Provides over 44,000 area jobs
Verizon Wireless - 650 Employees --Part of an 18,000-acre mixed-use, master planned
Gateway Church - 580 Employees development
--Houses more than 425 companies
Top Non-Residential Taxpayers
Town Square Ventures LP
Verizon Wireless
TD Ameritrade
Southlake Town Square Grand Avenue LP
Wyndham Properties, LTD
www.CityofSouthlake.com 67