Page 77 - Southlake FY24 Budget

Southlake, TX At-a-Glance

The City of Southlake, Texas Labor Force & Economic Base
Websites: Labor pool:
- CityofSouthlake.com Within 5 miles of Southlake: 92,991
- MySouthlakeNews.com
- VisitSouthlakeTexas.com Within 10 miles of Southlake: 339,140
- TheMarqSouthlake.com Within 20 miles of Southlake: 1,632,245
22.5 square miles City Profile
Located in the heart of the DFW Metroplex Employment by occupation:
Centrally located between DFW International - 12.7% Managerial/Professional
Airport (5 miles east) and Fort Worth Alliance - 27.8% Sales & Office
Airport (8 miles west) - 4.2% Service Occupations

Demographics - 1.6% Construction/Maintenance
Current Population projection: 31,975 - 4.7% Production/Transportation
Projected build-out population: 34,188 - Approx. 2,793 businesses and non-profit
organizations
Population by age: - Over 15 million square feet of commercial space
- Under 24 years - 57.5% - Texas is a “Right-to-Work” state
- 25-64 years - 34% - Texas has no state personal income tax
- 65 years and older - 8.5%
- 2022 median age: 40 Transportation
Major highways are SH 114, FM 1938, and FM 1709
- 2022 average persons per household: 3.26 SH 114 connects to I-35W and I-35E
- 2022 average household income: $265,839
- 2022 median home sales price: $1,290,253 DFW International - DFWAirport.com
- Second busiest passenger airport in the world, over
- 68% of residents 25 years and older have a
72.2M passengers in 2022
bachelor’s degree or higher
- Generates $37B annually for North Texas economy
Financial Status - Provides over 228,00 area jobs
City Bond Ratings - First carbon neutral airport in North America, largest
- “AAA” from Standard and Poor’s in the world
- “AAA” from Fitch IBCA - Every major city in the continental United States can
- ”Aaa” from Moody’s be accessed within four hours
- 8.25% total sales tax rate - includes 0.5% for parks, - Home to American Airlines hub
- Access to Dallas Area Rapid Transit (DART) mass
0.375% for economic development and 0.125% for
crime control district transit system
- Access to TEXRail commuter rail system
- Air Transport World’s 2019 Global Airport of the Year
Top Employers
Sabre Holdings: 2,200 Employees Fort Worth Alliance Airport - AllianceAirport.com
TD Ameritrade: 1,867 Employees - The nation’s first industrial airport
Carroll ISD: 1,176 Employees - Provides over 44,000 area jobs
Gateway Church: 706 Employees - Part of an 27,000-acre mixed-use, master planned
development
Keller Williams: 650 Employees
- Houses more than 425 companies
Verizon Wireless: 650 Employees

Top Non-Residential Taxpayers
Town Square Ventures LP
Verizon Wireless
TD Ameritrade
Wyndam Properties LTD
Carroll/1709 LTD

FY 2024 City of Southlake | Budget Book 77