51 Texas Business Stats & Facts For 2025

Here are 51 business stats about Texas for 2025.

Basics:

Population: 30,503,301 (US Census 2020)
Population desnity per square mile: 111.60
GDP: $2,563,508 (millions USD)
GDP Per Capita: $85,110
Median household income (in 2022 dollars): $73,035
Real GDP Growth Rate: 5.70%
Total Employment: 13.3m
Unemployment Rate: 4.2%

Rankings

% Share of National Economy: 9.37%
State Economic Growth Rank (out of 50): 2
Population Growth Rank (out of 50): 5
Business Growth Rank (out of 50): 17
State Growth Rank in Employment (out of 50): 30

Biggest Industries In Texas By Revenue

1. Gasoline & Petroleum Wholesaling: $298.1b
2. Oil Drilling & Gas Extraction: $210.9b
3. Petroleum Refining: $170.2b
4. Gasoline & Petroleum Bulk Stations: $149.6b
5. New Car Dealers: $116.0b
6. Property, Casualty and Direct Insurance: $80.0b
7. Hospitals: $76.9b
8. Supermarkets & Grocery Stores: $72.2b
9. Gas Stations with Convenience Stores: $71.7b
10. Public Schools: $69.5b

Biggest Employers In Texas

1. Walmart Inc.: 178,594 (1.3%)
2. The University of Texas System: 115,000 (0.9%)
3. Amazon.Com, Inc.: 95,000 (0.7%)
4. United States Postal Service: 45,714 (0.3%)
5. The Home Depot, Inc.: 39,687 (0.3%)
6. Target Corp: 38,897 (0.3%)
7. The Kroger Co.: 30,169 (0.2%)
8. Texas Health Resources: 26,000 (0.2%)
9. The Texas A&M University System: 26,000 (0.2%)
10. Lowes Companies Inc: 24,567 (0.2%)

Small Businesses In Texas

Number of Small Businesses 3,200,000
Percent of bossiness that are small businesses: 99.80%
Number of employees: 5,000,000
Share of Employment: 44.30%
Number of New Businesses In The Past Year: 95,495
Number of Businesses That Closed In The Past Year: 68,032
Net Change In New Businesses: 27,463

Number of Businesses With No Employees: 2,699,864
Number of Businesses with 1-19 Employees: 403,577
Number of Businesses with 20-499 Employees: 56,983
Share of Businesses Owned By Women: 43.50%
Share of Businesses Owned By Veterans: 6.40%
Share of Hispanic Owned Businesses: 30.90%
Share of Businesses Owned By Racial Minorities: 22.20%

Fortune 500 Companies In Texas

Number of Fortune 500 Headquaters: 55
Biggest Company: Exxon Mobil
Biggest Company Type: Petroleum Refining
Number of Employees: 62,000
Revenue (in millions): $413,680

Taxes In Texas

State Corporate Tax Rate: N/A
State Corporate Tax Rate Brackets: N/A

State Sales Tax Rate: 6.25%
State Sales Tax Rank (out of 50): 13
Average Local Sales Tax Rate: 1.95%
Max Local Sales Tax Rate: 2.00%
Average Combined Sales Tax Rate: 8.20%
Combined Sales Tax Rank (out of 50): 14

Minimum State Income Tax Rate If You’re Single: None
Minimum State Income Tax Rate If You’re Married: None

General Texas Population Facts

In civilian labor force, total, percent of population age 16 years+: 64.60%
In civilian labor force, female, percent of population age 16 years+: 58.50%
Share of population which is foreign born: 17.10%
Mean travel time to work (minutes), workers age 16 years+: 26.6

Housing

Number of Housing Units: 12,395,364
Owner-occupied housing unit rate: 62.40%
Median value of owner-occupied housing units: $238,000
Median gross rent per month: $1,251
Households with a computer: 94.80%
Households with a broadband Internet subscription: 88.40%

Education

High school graduate or higher, percent of persons age 25 years+: 85.20%
Bachelor’s degree or higher, percent of persons age 25 years+: 32.30%

Also See

• Texas Registered Agent Services
• Texas Secretary of State Business Search
• How To Form an LLC In Texas
• Texas Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Texas
• https://www.ibisworld.com/united-states/economic-profiles/texas/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-TX.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/southwest/texas.htm#eag
• https://www.census.gov/quickfacts/fact/table/TX,US/PST045223
• https://www.50pros.com/fortune500