Page 94 - CityofSouthlakeFY26AdoptedBudget
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Southlake, TX At-a-Glance




            THE CITY OF SOUTHLAKE, TEXAS                        TOP NON-RESIDENTIAL TAXPAYERS
            Websites:                                           Town Square Ventures LP
            - CityofSouthlake.com                               SC Southlake Owner LLC
            - MySouthlakeNews.com
            - VisitSouthlakeTexas.com                           TD Ameritrade Services Company Inc
            - SelectSouthlakeTexas.com                          Carroll/1709 LTD
   City Profile
            - TheMarqSouthlake.com                              Excel Southlake LP
            22.5 square miles
            Located in the heart of the DFW Metroplex           LABOR FORCE & ECONOMIC BASE
            Centrally located between DFW International         Labor pool:
            Airport (5 miles east) and Fort Worth Alliance      Within 5 miles of Southlake: 81,872
            Airport (8 miles west)
                                                                Within 10 miles of Southlake: 326,501
            DEMOGRAPHICS                                        Within 20 miles of Southlake: 1,492,249

            Current Population projection: 33,297               Employment by occupation:
            Projected build-out population: 34,188
                                                                - 15.2% Managerial/Professional
            Population by age:                                  - 14.1% Sales & Office
            - Under 24 years - 37.1%                            - 10.8% Service Occupations
            - 25-64 years - 49.9%                               - 10.3% Construction/Maintenance
            - 65 years and older - 13.1%                        - 6.1% Production/Transportation
            - 2025 median age: 43.2                             -  Approx. 3,145 businesses and non-profit
            - 2025 average persons per household: 3.35           organizations
            - 2025 average household income: $359,576           - Over 12 million square feet of commercial space
            - 2025 median home sales price: $1,652,368          - Texas is a “Right-to-Work” state
                                                                - Texas has no state personal income tax
            -  77.6% of residents 25 years and older have a
              bachelor’s degree or higher                       TRANSPORTATION
                                                                Major highways are SH 114, FM 1938, and FM 1709
            FINANCIAL STATUS
                                                                SH 114 connects to I-35W and I-35E
            City Bond Ratings
            - “AAA” from Standard and Poor’s                    DFW INTERNATIONAL - DFWAIRPORT.COM
            - “AAA” from Fitch IBCA                             -  Second busiest passenger airport in the world,
            - ”Aaa” from Moody’s
            -  8.25% total sales tax rate - includes 0.5% for    over 86.9M passengers in 2024
              parks, 0.375% for economic development and        -  Generates $38B annually for North Texas
                                                                 economy
              0.125% for crime control district
                                                                - Provides over 630,000 area jobs
                                                                -  First carbon neutral airport in North America,
            TOP EMPLOYERS
                                                                 largest in the world
            Sabre Holdings: 1,900 Employees                     -  Every major city in the continental United States
            Charles Schwab: 1,650 Employees                      can be accessed within four hours
            Carroll ISD: 1,150 Employees                        - Home to American Airlines hub
                                                                -  Access to Dallas Area Rapid Transit (DART)
            Keller Williams: 650 Employees                       mass transit system
            Verizon Wireless: 625 Employees                     - Access to TEXRail commuter rail system
            City of Southlake: 581 Employees

            94   FY 2026 City of Southlake  |  Budget Book                                                                                                                                            FY 2026 City of Southlake  |  Budget Book   95
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