Powered by one of the most acclaimed school districts in the state of Texas, Katy area’s growth is fueled by an abundant and talented population, which is growing five to six percent annually. In a survey of Katy area residents, 98% said they would recommend the Katy area as a place to live. The Katy area was rated No. 1 in the United States for growth in 2010 by the Gadberry Group, a site selection consulting firm.
Roughly 332,000 people reside in the Katy area and are drawn here by the Katy Independent School District (Katy ISD), which now has over 73,000 students. The Katy area is larger in population than the City of Pittsburgh, PA. Katy’s past growth between the years 2000 and 2010 increased by 84%. This phenomenal growth is projected to continue, fueled by Katy ISD, energy companies and corporations, businesses and entrepreneurs. By the year 2021, projections show that over 372,000 people will reside in Katy, and 550,000 persons are expected to reside in the Katy area by the year 2035.
Employment in the Katy area continues to grow at similar pace. The civilian employed population is 161,821 persons (2016) with growth projected to be 194,917 persons by the year 2021 (20.5% increase). The Katy area has a low unemployment rate at 4.3% (7,300 persons).
The demographics of the Katy area are grounded in a strong income base with exceptional educational attainment. The average household income of $122,627 (2016) in the Katy area is projected to increase to $143,151 by the year 2021. This income base translates into strong educational attainment above the national average, with over 43.3% (86,287 persons) of the population having bachelor’s or graduate degrees.