Midland Texas: Kept a Top Spot Among The Fastest Growing Cities
Midland is a city of nearly 150,000 people which is situated in west Texas and it sits at the top of the Permian Basin. It is one possesses one of the largest oil reserves of North America. For decades, much of the oil remained untouched, contained in rock formations uncovered beneath the surface but now a days the oil has become the core of Midlands's economic pillar. The oil boom has transformed the city the nation's fastest booming metro area, ranking at or near the top of the list of every major measure of recent economic and population growth. Midland's population has been increased 4.6 percent in only a year, topping all other metro areas according to the latest reports of 2013 and still more increase is expected in the coming years. Its economy similarly expanded payrolls by 6.2 percent over the past 12 months, the second largest gain nationwide. This metro area experienced the largest increase of 11.9% in personal income per capita from 2010 and 2011, according to the Bureau of Economic Analysis.
The combined jobs offered by the metro area of Midland-Odessa were 7,700 jobs till the end of 2013 from which 3,500 were in oil and gas companies and the rest were related to the hotel, restaurants, retail and other sectors. Due to these jobs a large number of expats came to this combined metro area and the recently stretched residencies like hotels, apartments and motels are not enough to cater these expats. So, the RV Parks in or near Midland are playing an important role as the only economic option which can cater the large number expats at lower cost and offering them facilities at lowest rates. The people travelling to Midland or Odessa choose to stays at RV Parks like 1270 RV Ranch Midland, TX becauseit is located at ten minutes' drive from the Midland and Odessa. RV Park Midland offers wireless internet, bathroom and low cost laundry service. The average amount of rent for parking your RV on these rental Parks is $400 to $600 which is quite low as compare to average monthly rate $1100 which they pay in a hotel or to hire a rental home for a month. Most importantly the reservation is not a big deal for the visitor because they can book a parking space from its 101 hook up places through www.rvparkmidland.com.
The people are still coming to this combined metro area to in search of better job opportunities. This constant population increase caused by the oil boom and the subsequent high demand for housing played major roles in the record-breaking year that the city went through. The analysts have predicted that Midland will keep flourishing and this continuous growth rate of nearly 5 percent will carry on keeping its top spot among all Texas, and most national metros. The region has experienced its share of oil booms and busts in the past and learned a lot from it. Now the predictions goes in favor of Midland that this oil boom will continue till decades, the population will increase and on the other hand the sectors like real estate, hotel, restaurants and retail will also keep on rising in the upcoming years. Hence, Midland will write its name at the top of the list of the fastest flourishing economies till decades.
The combined jobs offered by the metro area of Midland-Odessa were 7,700 jobs till the end of 2013 from which 3,500 were in oil and gas companies and the rest were related to the hotel, restaurants, retail and other sectors. Due to these jobs a large number of expats came to this combined metro area and the recently stretched residencies like hotels, apartments and motels are not enough to cater these expats. So, the RV Parks in or near Midland are playing an important role as the only economic option which can cater the large number expats at lower cost and offering them facilities at lowest rates. The people travelling to Midland or Odessa choose to stays at RV Parks like 1270 RV Ranch Midland, TX becauseit is located at ten minutes' drive from the Midland and Odessa. RV Park Midland offers wireless internet, bathroom and low cost laundry service. The average amount of rent for parking your RV on these rental Parks is $400 to $600 which is quite low as compare to average monthly rate $1100 which they pay in a hotel or to hire a rental home for a month. Most importantly the reservation is not a big deal for the visitor because they can book a parking space from its 101 hook up places through www.rvparkmidland.com.
The people are still coming to this combined metro area to in search of better job opportunities. This constant population increase caused by the oil boom and the subsequent high demand for housing played major roles in the record-breaking year that the city went through. The analysts have predicted that Midland will keep flourishing and this continuous growth rate of nearly 5 percent will carry on keeping its top spot among all Texas, and most national metros. The region has experienced its share of oil booms and busts in the past and learned a lot from it. Now the predictions goes in favor of Midland that this oil boom will continue till decades, the population will increase and on the other hand the sectors like real estate, hotel, restaurants and retail will also keep on rising in the upcoming years. Hence, Midland will write its name at the top of the list of the fastest flourishing economies till decades.