Understanding the economy of your city is important if you want to truly embrace the culture and community. Whether you are considering moving to a new area or just investigating your current hometown, the economy is always changing. Sometimes, the job market is thriving and houses are selling like crazy. At other times, it feels like the market is at a complete standstill. The economy goes through many of these cycles in a given year.
Boerne is no exception to these rules about the economic conditions found in the rest of the world. We have times where things fluctuate, but we seem to be on an upswing overall. Here are some of the important things that you should know about the city, whether you happen to live here or not.
One of the key indicators of economic health is how the job market looks for the people of the city. Boerne appears to be doing relatively well on this front. Unemployment rates are estimated to be around three percent, lower than the natural average by almost an entire percentage point. This means that we are creating stable jobs for the people of our city, and that is certainly good news!
The job market itself is steadily increasing. Over the next ten years, experts are predicting that it will grow by 45 percent. This certainly trumps the average national expectation of just 33.5 percent growth.
Incomes and Salaries
How much does your neighbor really make? Many of us keep a keen eye on our neighbors because we feel inclined to keep up with the Joneses. You might be surprised to see what the average income and median income is for Boerne. There is a drastic difference between these two figures, so it makes sense to look at them separately.
The average income for a Boerne resident is lower than the national average. It comes in at just $28,235 per year. It is even lower than Texas state as a whole.
On the other hand, the median salary exceeds the national numbers by almost $4,000 per year. The median household income in Boerne is roughly $57,000 per year. As you can see, there is a stark difference between the average income and the median income.
Making the Most of the Market
Once you have some understanding of the economic conditions in Boerne, you can make wiser decisions with your home. These key statistics can help you determine whether you want to move into or away from the city in favor of something different. Make sure to do your homework, no matter where you move.
While the economy may change from day to day, the one constant in Boerne is the unbearable Texas heat. If you need help with your air conditioning repair service, Classic Air Conditioning & Heating can be there right away to get you back up and running! Give us a call today to schedule your appointment with one of our qualified technicians.