Page 83 - CityofSouthlakeFY25AdoptedBudget

Southlake, TX At-a-Glance

The City of Southlake, Texas Labor Force & Economic Base
Websites: Labor pool:
- CityofSouthlake.com Within 5 miles of Southlake: 81,518
- MySouthlakeNews.com
- VisitSouthlakeTexas.com Within 10 miles of Southlake: 320,057
- SelectSouthlakeTexas.com Within 20 miles of Southlake: 1,480,382
- TheMarqSouthlake.com City Profile
22.5 square miles Employment by occupation:
Located in the heart of the DFW Metroplex - 13.7% Managerial/Professional
Centrally located between DFW International - 27.1% Sales & Office
Airport (5 miles east) and Fort Worth Alliance - 4.4% Service Occupations
Airport (8 miles west)
- 3.2% Construction/Maintenance
Demographics - 5.6% Production/Transportation
Current Population projection: 33,075 - Approx. 2,944 businesses and non-profit
Projected build-out population: 34,188 organizations
- Over 12 million square feet of commercial space
Population by age: - Texas is a “Right-to-Work” state
- Under 24 years - 57.5% - Texas has no state personal income tax
- 25-64 years - 34%
- 65 years and older - 8.5% Transportation
Major highways are SH 114, FM 1938, and FM 1709
- 2022 median age: 40 SH 114 connects to I-35W and I-35E
- 2022 average persons per household: 3.26
- 2022 average household income: $265,839 DFW International - DFWAirport.com
- 2022 median home sales price: $1,290,253 - Second busiest passenger airport in the world,
- 68% of residents 25 years and older have a over 79.7M passengers in 2023
bachelor’s degree or higher - Generates $38B annually for North Texas
economy
Financial Status - Provides over 630,000 area jobs
City Bond Ratings - First carbon neutral airport in North America,
- “AAA” from Standard and Poor’s largest in the world
- “AAA” from Fitch IBCA - Every major city in the continental United States
- ”Aaa” from Moody’s 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 - Access to Dallas Area Rapid Transit (DART) mass
transit system
crime control district - Access to TEXRail commuter rail system

Top Employers Fort Worth Alliance Airport - AllianceAirport.com
Sabre Holdings: 2,404 Employees - The nation’s first industrial airport
Carroll ISD: 1,149 Employees - Provides over 44,000 area jobs
Charles Schwab: 1,094 Employees - Part of an 27,000-acre mixed-use, master planned
Verizon Wireless: 738 Employees development
Gateway Church: 604 Employees - Houses more than 425 companies
City of Southlake: 585 Employees

Top Non-Residential Taxpayers
Town Square Ventures LP
SC Southlake Owner LLC
TD Ameritrade Services Company Inc
Carroll/1709 LTD
Excel Southlake LP
FY 2025 City of Southlake | Budget Book 83