Page 100 - CityofSouthlakeFY27Budget
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TABLE OF CONTENTS
SOUTHLAKE, TX AT-A-GLANCE
TOP NON-RESIDENTIAL
TAXPAYERS
Town Square Ventures LLC
Grand Avenue II LLC
MCI Communications Services
DEMOGRAPHICS Cellco Partnership
SL Park Village LLC
City Profile
Current Population projection: 33,520
Projected build-out population: 34,188
TOP EMPLOYERS
Population by age: Charles Schwab: 1,496 Employees
Under 19 years - 26.8% Carroll ISD: 1,106 Employees
20-64 years - 56.9% Sabre Holdings: 1,073 Employees
65 years and older - 16.3% Verizon Wireless: 625 Employees
2026 median age: 43.6 Gateway Church: 570 Employees
2026 average persons per household: 3.16
2026 average household income: $357,532
2026 median home sales price: $1,396,625
77.6% of residents 25 years and older have a
bachelor’s degree or higher
Education level for
population 25+ years of age: LABOR FORCE &
Associate Degree - 5.6% ECONOMIC BASE
Bachelor’s Degree - 42.1%
Graduate/Professional Degree - 35.5% Labor pool:
Within 5 miles of Southlake: 104,125
* Information obtained from ESRI, NCTCOG and NTREIS
Within 10 miles of Southlake: 417,203
Within 20 miles of Southlake: 1,661,546
Employment by occupation:
- 14.7% Managerial/Professional
- 12.2% Sales & Office
- 10.2% Service Occupations
- 5.6% Construction/Maintenance
FINANCIAL STATUS - 6.1% Production/Transportation
City Bond Ratings - Approx. 3,381 businesses and non-profit
- “AAA” from Standard and Poor’s organizations
- “AAA” from Fitch IBCA - Over 18 million square feet of commercial
- ”Aaa” from Moody’s
space
- 8.25% total sales tax rate - includes 0.5% for parks, - Texas is a “Right-to-Work” state
0.375% for economic development and 0.125% for - Texas has no state personal income tax
crime control district
100 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 101
