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11-11-15 Meeting of the La Porte Development Corporation Board of Directors
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11-11-15 Meeting of the La Porte Development Corporation Board of Directors
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La Porte TX
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Agenda PACKETS
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11/11/2015
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Figure9:RegionalUnemployment(November2008) <br />10% <br />9% <br />8% <br />7% <br />6% <br />5% <br />4% <br />3% <br />2% <br />1% <br />0% <br />BaytownDeerParkLaPorteLeagueCityTexasCityHarrisCountyStateofTexas <br />Source:TexasWorkforceCommission <br />PerCapitaIncome&WageLevels <br />WhileLatƚƩƷĻƭpopulationhasbeenslowlyincreasing,whencomparedtothestateasa <br />whole,itsresidents'percapitaincomehaskeptup.LatƚƩƷĻƭpercapitapersonalincomeis <br />3.7percentabovetheTexasaverage,but4.7percentbelowtheHarrisCountyAverage.The <br />20052007averagepercapitaincomeforLaPorteis$24,176versustheHarrisCounty <br />averageof$25,364.(Note,AmericanCommunitySurveyestimatesareusedtoproducethe <br />percapitaincomestatisticsandarebasedondatacollectedovera3yeartimeperiod.The <br />estimatesrepresenttheaveragecharacteristicsofpopulationbetweenJanuary2005and <br />December2007anddonotrepresentasinglepointintime.) <br />WagespaidtoLaPortebasedworkers,however,arewellabovestateandregionallevels.In <br />2006,theaveragesalarywas$57,195versustheHarrisCountyaverageof$51,932.LaPorte <br />isalsooutperformingallofitspeercommunities. <br />ItisnotpossibletoproducewageestimatesforLaPorteresidentswhoworkoutsideofthe <br />city.BasedonananalysisofLaPorteresidentoccupations(Table4)andaveragewageand <br />percapitaincometrends(Table11),however,itislikelythatresidentsearnlessthantheLa <br />Portebasedaveragewage.LaPorteregistersthegreatestdisparitybetweenpercapita <br />income(basedonplaceofresidence)andaveragewageperjob(basedonthelocationofthe <br />firm).Thisindicatesmillionsofwagesareleakingtosurroundingcities. <br />18 <br />| <br />City of La Porte, Texas - Economic & Demographic Assessment January 2009 <br /> <br />
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