Powered by one of the most acclaimed school districts in the state of Texas, Katy’s growth is fueled by an abundant and talented population which is growing five to six percent annually. In a recent survey of 400 Katy residents, 98% said they would recommend Katy as a place to live. Recently Cinco Ranch, which is located in the Katy Area, was ranked the top place (#1) in the United States for livability. Katy was also rated No. 1 in the United States for growth in 2010 by the Gadberry Group, a site selection consulting firm.
Over 290,000 people reside in Katy and are drawn here by the Katy Independent School District (Katy ISD), which now has over 64,000 students. Katy’s past growth between the years 2000 and 2010 increased by 83%. This phenomenal growth is projected to continue, fueled by Katy ISD, energy companies and corporations, businesses and entrepreneurs. By the year 2018, projections show that over 337,000 people will reside in Katy and 550,000 persons by the year 2035. Employment in the Katy Area continues to grow at similar pace. The civilian employed population is over 136,000 persons (2013) with growth projected to over 164,000 persons by the year 2018. The unemployment rate in 2013 is 3.2%.
The demographics of the Katy Area are grounded in a strong income base with exceptional educational attainment. The average household income of $111,657 (2013) in the Katy Area is projected to increase to $127,188 by the year 2018. This strong income base translates into strong educational attainment above the national average, with over 40% of the population having bachelor’s/graduate degrees.
Katy Growth Facts and Figures
|Population & Demographics of the Katy Area (Katy ISD)
|Source: Alteryx, 2014|