Llano County, Texas - ruralcapitalheadlight.com · The population in Llano County, Texas was 20,640 per American Community Survey data for 2014-2018. The region has a civilian labor

Source: JobsEQ®, http://www.chmuraecon.com/jobseq Copyright © 2020 Chmura Economics & Analytics, All Rights Reserved.

1

Economic Overview

Llano County, Texas

http://www.chmuraecon.com/jobseq/

http://www.chmuraecon.com/jobseq


http://www.chmuraecon.com/


2

Demographic Profile........................................................................................................................................................... 3

Employment Trends ........................................................................................................................................................... 5

Unemployment Rate .......................................................................................................................................................... 5

Wage Trends ...................................................................................................................................................................... 6

Cost of Living Index ............................................................................................................................................................ 7

Industry Snapshot .............................................................................................................................................................. 8

Occupation Snapshot ....................................................................................................................................................... 10

Industry Clusters .............................................................................................................................................................. 12

Education Levels ............................................................................................................................................................... 13

Gross Domestic Product ................................................................................................................................................... 14

Llano County, Texas Regional Map .................................................................................................................................. 15

FAQ ................................................................................................................................................................................... 16






3

Demographic Profile The population in Llano County, Texas was 20,640 per American Community Survey data for 2014-2018.

The region has a civilian labor force of 8,381 with a participation rate of 46.6%. Of individuals 25 to 64 in Llano

County, Texas, 20.5% have a bachelor’s degree or higher which compares with 32.9% in the nation.

The median household income in Llano County, Texas is $52,178 and the median house value is $186,100.

Summary1

Percent Value

Llano County,

Texas Texas USA Llano County,

Texas Texas USA Demographics Population (ACS) — — — 20,640 27,885,195 322,903,030 Male 49.1% 49.7% 49.2% 10,138 13,849,775 158,984,190 Female 50.9% 50.3% 50.8% 10,502 14,035,420 163,918,840 Median Age2 — — — 57.6 34.4 37.9 Under 18 Years 14.6% 26.2% 22.8% 3,020 7,292,686 73,553,240 18 to 24 Years 5.1% 10.0% 9.6% 1,058 2,777,150 30,903,719 25 to 34 Years 8.7% 14.7% 13.8% 1,804 4,094,297 44,567,976 35 to 44 Years 6.9% 13.5% 12.6% 1,431 3,767,582 40,763,210 45 to 54 Years 11.8% 12.6% 13.2% 2,432 3,511,040 42,589,573 55 to 64 Years 16.8% 11.1% 12.8% 3,477 3,104,626 41,286,731 65 to 74 Years 19.3% 7.2% 8.8% 3,982 2,000,715 28,535,419 75 Years, and Over 16.6% 4.8% 6.4% 3,436 1,337,099 20,703,162 Race: White 93.4% 74.3% 72.7% 19,270 20,720,689 234,904,818 Race: Black or African American 0.1% 12.1% 12.7% 30 3,365,783 40,916,113 Race: American Indian and Alaska Native 0.9% 0.5% 0.8% 183 136,061 2,699,073 Race: Asian 0.4% 4.7% 5.4% 82 1,308,257 17,574,550 Race: Native Hawaiian and Other Pacific Islander 0.0% 0.1% 0.2% 0 23,672 582,718 Race: Some Other Race 1.9% 5.7% 4.9% 383 1,600,234 15,789,961 Race: Two or More Races 3.4% 2.6% 3.2% 692 730,499 10,435,797 Hispanic or Latino (of any race) 10.2% 39.2% 17.8% 2,113 10,921,556 57,517,935 Population Growth Population (Pop Estimates)4 — — — 21,795 28,995,881 328,239,523 Population Annual Average Growth4 1.3% 1.6% 0.7% 262 419,412 2,146,799 People per Square Mile — — — 23.3 111.0 92.9 Economic Labor Force Participation Rate and Size (civilian population 16 years

and over)5 46.6% 64.4% 63.2% 8,381 13,728,630 162,248,196

Prime-Age Labor Force Participation Rate and Size (civilian population

25-54)5 79.8% 80.4% 81.8% 4,506 9,095,705 104,136,254

Armed Forces Labor Force5 0.1% 0.4% 0.4% 19 89,701 1,028,133 Veterans, Age 18-645 7.2% 5.0% 4.7% 734 862,771 9,398,789 Veterans Labor Force Participation Rate and Size, Age 18-645 51.2% 77.8% 76.3% 376 671,366 7,168,168 Median Household Income2,5 — — — $52,178 $59,570 $60,293 Per Capita Income5 — — — $35,822 $30,143 $32,621 Mean Commute Time (minutes)5 — — — 27.2 26.4 26.6 Commute via Public Transportation5 0.0% 1.4% 5.0% 0 184,848 7,602,145 Educational Attainment, Age 25-64 No High School Diploma 16.1% 15.7% 11.2% 1,476 2,274,547 18,885,967 High School Graduate 28.2% 24.7% 25.8% 2,580 3,571,759 43,699,272 Some College, No Degree 25.2% 22.1% 21.0% 2,300 3,193,349 35,525,113






4

Summary1

Percent Value

Llano County,

Texas Texas USA Llano County,

Texas Texas USA Associate's Degree 10.0% 7.5% 9.1% 915 1,088,717 15,389,737 Bachelor's Degree 15.1% 20.0% 20.8% 1,379 2,894,532 35,261,652 Postgraduate Degree 5.4% 10.0% 12.1% 494 1,454,641 20,445,749 Housing Total Housing Units — — — 15,148 10,769,900 136,384,292 Median House Value (of owner-occupied units)2 — — — $186,100 $161,700 $204,900 Homeowner Vacancy 3.7% 1.6% 1.7% 259 95,712 1,304,850 Rental Vacancy 9.8% 7.7% 6.0% 184 308,747 2,822,053 Renter-Occupied Housing Units (% of Occupied Units) 20.0% 38.1% 36.2% 1,700 3,635,275 43,285,318 Occupied Housing Units with No Vehicle Available (% of Occupied

Units)5 3.6% 5.4% 8.7% 302 512,772 10,424,934

Social Poverty Level (of all people)5 11.6% 15.5% 14.1% 2,376 4,213,938 44,257,979 Households Receiving Food Stamps/SNAP 7.5% 12.2% 12.2% 635 1,167,725 14,635,287 Enrolled in Grade 12 (% of total population) 0.5% 1.5% 1.4% 99 405,822 4,442,295 Disconnected Youth3,5 4.7% 2.9% 2.6% 27 46,016 438,452 Children in Single Parent Families (% of all children)5 34.7% 34.6% 34.3% 954 2,402,953 23,973,249 Uninsured 16.8% 17.4% 9.4% 3,423 4,764,897 29,752,767 With a Disability, Age 18-645 20.6% 9.6% 10.3% 2,087 1,618,704 20,240,504 With a Disability, Age 18-64, Labor Force Participation Rate and Size5 48.4% 44.3% 41.6% 1,011 717,826 8,421,018 Foreign Born 4.1% 17.0% 13.5% 850 4,736,692 43,539,499 Speak English Less Than Very Well (population 5 yrs and over) 2.9% 14.0% 8.5% 572 3,617,887 25,647,781

Source: JobsEQ® 1. American Community Survey 2014-2018, unless noted otherwise 2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties. 3. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force. 4. Census 2019, annual average growth rate since 2009 5. See Rio Arriba errata note in the Data Dictionary.







5

Employment Trends As of 2019Q4, total employment for Llano County, Texas was 5,986 (based on a four-quarter moving average). Over

the year ending 2019Q4, employment increased 2.6% in the region.

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2

with preliminary estimates updated to 2019Q4.

Unemployment Rate The seasonally adjusted unemployment rate for Llano County, Texas was 3.3% as of February 2020. The regional

unemployment rate was lower than the national rate of 3.5%. One year earlier, in February 2019, the unemployment

rate in Llano County, Texas was 3.6%.

Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through February 2020.






6

Wage Trends The average worker in Llano County, Texas earned annual wages of $37,477 as of 2019Q4. Average annual wages

per worker increased 2.9% in the region over the preceding four quarters. For comparison purposes, annual average

wages were $57,413 in the nation as of 2019Q4.

Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are

updated through 2019Q2 with preliminary estimates updated to 2019Q4.






7

Cost of Living Index The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages

and salaries, the result is a measure of relative purchasing power. The cost of living is 6.7% lower in Llano County,

Texas than the U.S. average.

Cost of Living Information

Annual Average Salary Cost of Living Index

(Base US) US Purchasing Power

Llano County, Texas $37,477 93.3 $40,166

Texas $57,611 94.7 $60,862

USA $57,413 100.0 $57,413

Source: JobsEQ® Data as of 2019Q4 Cost of Living per C2ER, data as of 2019q4, imputed by Chmura where necessary.







8

Industry Snapshot The largest sector in Llano County, Texas is Accommodation and Food Services, employing 1,217 workers. The next-

largest sectors in the region are Construction (696 workers) and Retail Trade (646). High location quotients (LQs)

indicate sectors in which a region has high concentrations of employment compared to the national average. The

sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 4.30), Accommodation

and Food Services (2.25), and Construction (2.03).

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2 with preliminary

estimates updated to 2019Q4.

Sectors in Llano County, Texas with the highest average wages per worker are Mining, Quarrying, and Oil and Gas

Extraction ($79,762), Finance and Insurance ($57,420), and Wholesale Trade ($56,906). Regional sectors with the

best job growth (or most moderate job losses) over the last 5 years are Accommodation and Food Services (+729

jobs), Construction (+103), and Retail Trade (+68).

Over the next 1 year, employment in Llano County, Texas is projected to expand by 60 jobs. The fastest growing

sector in the region is expected to be Educational Services with a +1.8% year-over-year rate of growth. The strongest

forecast by number of jobs over this period is expected for Accommodation and Food Services (+18 jobs),

Construction (+9), and Educational Services (+7).






9

Current 5-Year History 1-Year Forecast

NAICS Industry Empl Avg Ann

Wages LQ Empl

Change Ann % Total

Demand Exits Transfers Empl

Growth Ann %

Growth

72 Accommodation and Food

Services 1,217 $28,456 2.25 729 20.0% 215 87 110 18 1.5%

23 Construction 696 $47,443 2.03 103 3.3% 78 25 44 9 1.3% 44 Retail Trade 646 $23,474 1.05 68 2.2% 89 38 48 3 0.4%

62 Health Care and Social

Assistance 475 $43,413 0.55 -51 -2.0% 51 22 23 6 1.3%

61 Educational Services 401 $41,649 0.82 -11 -0.6% 45 18 19 7 1.8%

11 Agriculture, Forestry, Fishing

and Hunting 342 $8,094 4.30 16 0.9% 38 16 21 1 0.2%

81 Other Services (except

Public Administration) 286 $25,510 1.07 12 0.8% 34 15 18 2 0.6%

92 Public Administration 267 $42,447 0.95 17 1.3% 26 10 14 2 0.7%

56 Administrative and Support

and Waste Management

and Remediation Services 248 $37,875 0.65 68 6.6% 32 12 17 3 1.2%

42 Wholesale Trade 238 $56,906 1.05 -14 -1.1% 26 9 16 1 0.3% 52 Finance and Insurance 235 $57,420 1.00 -8 -0.7% 23 8 14 1 0.4%

54 Professional, Scientific, and

Technical Services 225 $53,666 0.56 52 5.4% 22 7 12 3 1.2%

71 Arts, Entertainment, and

Recreation 188 $34,954 1.57 -628 -25.4% 29 12 15 2 1.1%

31 Manufacturing 184 $47,411 0.37 45 5.8% 19 7 12 0 0.0%

53 Real Estate and Rental and

Leasing 115 $43,989 1.11 27 5.6% 13 5 6 1 0.8%

48 Transportation and

Warehousing 106 $43,837 0.39 18 3.7% 12 5 7 1 0.5%

22 Utilities 62 $52,455 2.03 -28 -7.2% 6 2 4 0 0.6% 51 Information 32 $28,771 0.27 -2 -1.1% 3 1 2 0 0.4%

21 Mining, Quarrying, and Oil

and Gas Extraction 18 $79,762 0.68 -1 -0.6% 2 1 1 0 0.3%

99 Unclassified 5 $27,305 0.80 4 38.2% 1 0 0 0 1.0%

Total - All Industries 5,986 $37,477 1.00 416 1.5% 714 280 374 60 1.0%

Source: JobsEQ® Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q2

with preliminary estimates updated to 2019Q4. Forecast employment growth uses national projections adapted for regional growth patterns.







10

Occupation Snapshot The largest major occupation group in Llano County, Texas is Office and Administrative Support Occupations,

employing 772 workers. The next-largest occupation groups in the region are Food Preparation and Serving Related

Occupations (764 workers) and Sales and Related Occupations (654). High location quotients (LQs) indicate

occupation groups in which a region has high concentrations of employment compared to the national average. The

major groups with the largest LQs in the region are Building and Grounds Cleaning and Maintenance Occupations (LQ

= 1.85), Construction and Extraction Occupations (1.73), and Management Occupations (1.70).

Occupation groups in Llano County, Texas with the highest average wages per worker are Management Occupations

($80,100), Healthcare Practitioners and Technical Occupations ($72,200), and Architecture and Engineering

Occupations ($71,500). The unemployment rate in the region varied among the major groups from 1.1% among

Management Occupations to 7.9% among Farming, Fishing, and Forestry Occupations.

Over the next 1 year, the fastest growing occupation group in Llano County, Texas is expected to be Education,

Training, and Library Occupations with a +1.9% year-over-year rate of growth. The strongest forecast by number of

jobs over this period is expected for Food Preparation and Serving Related Occupations (+11 jobs) and Construction

and Extraction Occupations (+6). Over the same period, the highest separation demand (occupation demand due to

retirements and workers moving from one occupation to another) is expected in Food Preparation and Serving

Related Occupations (136 jobs) and Sales and Related Occupations (94).

Llano County, Texas, 2019Q41


SOC Occupation Empl Avg Ann

Wages2 LQ Unempl Unempl

Rate Online

Job Ads3 Empl

Change Ann % Total


Growth Ann %

Growth

43‑ 0000 Office and Administrative Support 772 $33,800 0.90 32 3.1% 26 100 2.8% 90 41 47 2 0.3%

35‑ 0000 Food Preparation and Serving Related 764 $22,900 1.48 55 5.2% 66 82 2.3% 148 61 75 11 1.5%

41‑ 0000 Sales and Related 654 $39,400 1.11 34 4.3% 48 38 1.2% 97 42 52 4 0.6% 11‑ 0000 Management 635 $80,100 1.70 7 1.1% 11 49 1.6% 54 26 23 4 0.7%

47‑ 0000 Construction and Extraction 473 $39,900 1.73 34 4.8% 1 62 2.9% 57 17 33 6 1.4%

37‑ 0000 Building and Grounds Cleaning and Maintenance

382 $27,900 1.85 25 5.2% 14 28 1.5% 53 22 26 5 1.3%

25‑ 0000 Education, Training, and Library 292 $41,000 0.87 9 2.5% 7 -12 -0.8% 32 13 13 5 1.9%

49‑ 0000 Installation, Maintenance, and Repair

272 $39,400 1.18 11 2.2% 12 44 3.6% 30 10 17 3 1.1%

53‑ 0000 Transportation and Material Moving 258 $35,500 0.62 16 3.9% 38 14 1.1% 34 13 19 2 0.8%

39‑ 0000 Personal Care and Service 249 $24,200 0.95 12 3.6% 21 -45 -3.3% 46 20 22 4 1.7%

29‑ 0000 Healthcare Practitioners and Technical 217 $72,200 0.63 6 1.5% 29 -14 -1.3% 15 6 6 2 1.2%

13‑ 0000 Business and Financial Operations 207 $67,800 0.66 3 1.8% 4 23 2.4% 21 6 12 2 1.0%

51‑ 0000 Production 181 $37,900 0.51 11 3.1% 7 18 2.1% 20 8 12 0 0.1% 33‑ 0000 Protective Service 140 $40,900 1.09 4 2.1% 4 3 0.4% 15 7 7 1 0.9% 31‑ 0000 Healthcare Support 110 $30,000 0.67 7 2.6% 10 -8 -1.4% 14 6 6 1 1.2%

27‑ 0000 Arts, Design, Entertainment, Sports, and Media

95 $42,600 0.88 2 2.7% 1 -8 -1.5% 10 4 5 1 0.7%

21‑ 0000 Community and Social Service 73 $45,000 0.72 2 1.7% 11 4 1.2% 10 3 5 1 1.7%






11

Llano County, Texas, 2019Q41


SOC Occupation Empl Avg Ann

Wages2 LQ Unempl Unempl

Rate Online

Job Ads3 Empl

Change Ann % Total


Growth Ann %

Growth

17‑ 0000 Architecture and Engineering 62 $71,500 0.61 3 2.5% 1 13 4.6% 5 2 3 1 0.9%

15‑ 0000 Computer and Mathematical 60 $67,600 0.34 1 1.9% 3 11 4.0% 5 1 3 1 1.5%

45‑ 0000 Farming, Fishing, and Forestry 41 $28,500 1.07 5 7.9% n/a 15 10.0% 6 2 5 0 0.6%

23‑ 0000 Legal 35 $70,600 0.71 0 n/a n/a 0 0.0% 2 1 1 0 0.9%

19‑ 0000 Life, Physical, and Social Science 16 $59,400 0.33 0 n/a 2 0 -0.3% 2 0 1 0 1.2%

Total - All Occupations 5,986 $42,400 1.00 281 3.4% 313 416 1.5% 765 312 394 60 1.0%

Source: JobsEQ® Data as of 2019Q4 unless noted otherwise Note: Figures may not sum due to rounding. 1. Data based on a four-quarter moving average unless noted otherwise. 2. Wage data are as of 2018 and represent the average for all Covered Employment 3. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a

place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match

that shown in RTI (nor in the popup window ad list). Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of

Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2019Q2, imputed where necessary with preliminary estimates updated to 2019Q4. Wages by

occupation are as of 2018 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth

patterns.







12

Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in Llano County,

Texas with the highest relative concentration is Agricultural with a location quotient of 4.44. This cluster employs 368

workers in the region with an average wage of $10,599. Employment in the Agricultural cluster is projected to

expand in the region about 0.1% per year over the next ten years.

Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated

through 2019Q2 with preliminary estimates updated to 2019Q4. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.






13

Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in Llano

County, Texas is projected to grow 1.0% over the next ten years, occupations typically requiring a postgraduate

degree are expected to grow 1.4% per year, those requiring a bachelor’s degree are forecast to grow 1.3% per year,

and occupations typically needing a 2-year degree or certificate are expected to grow 1.0% per year.

Employment by occupation data are estimates are as of 2019Q4. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the

Bureau of Labor Statistics adapted for regional growth patterns.






14

Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2018, nominal GDP in

Llano County, Texas expanded 5.9%. This follows growth of 1.5% in 2017. As of 2018, total GDP in Llano County,

Texas was $521,117,000.

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2018.

Of the sectors in Llano County, Texas, Real Estate and Rental and Leasing contributed the largest portion of GDP in

2018, $85,901,000 The next-largest contributions came from Construction ($59,596,000); Arts, Entertainment, and

Recreation ($51,640,000); and Wholesale Trade ($38,764,000).

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2018.






15

Llano County, Texas Regional Map






16

FAQ What is a location quotient?

A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates

a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the

region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region

has half the expected employment in comparison to the nation.

What is separation demand?

Separation demand is the number of jobs required due to separations—labor force exits (including retirements)

and turnover resulting from workers moving from one occupation into another. Note that separation demand

does not include all turnover—it does not include when workers stay in the same occupation but switch

employers. The total projected demand for an occupation is the sum of the separation demand and the growth

demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of

the overall number of jobs in that occupation).

What is a cluster?

A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a

location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster.

What is the difference between industry wages and occupation wages?

Industry wages and occupation wages are estimated via separate data sets, often the time periods being

reported do not align, and wages are defined slightly differently in the two systems (for example, certain

bonuses are included in the industry wages but not the occupation wages). It is therefore common that

estimates of the average industry wages and average occupation wages in a region do not match exactly.

What is NAICS?

The North American Industry Classification System (NAICS) is used to classify business establishments according

to the type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit

level. The first two digits define the top level category, known as the “sector,” which is the level examined in this

report.

What is SOC?

The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories.

All workers are classified into one of over 820 occupations according to their occupational definition. To

facilitate classification, occupations are combined to form 23 major groups, 96 minor groups, and 449

occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills,

education, or experience.

About This Report This report and all data herein were produced by JobsEQ®, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable.

However, we cannot guarantee its accuracy and completeness.





Documents

Llano County, Texas - ruralcapitalheadlight.com · The population in Llano County, Texas was 20,640 per American Community Survey data for 2014-2018. The region has a civilian labor