McLennan County

McLennan County has the Pulse of Economic Growth in the Heart of Texas

McLennan County has the pulse of economic growth in the Heart of Texas Region. Waco and the Waco Metropolitan Statistical Area is the strongest industrial and commercial center within the area.

McLennan County and Waco are located in central Texas along the I-35 corridor, approximately halfway between Dallas-Fort Worth and Austin, within 200 miles of all major metropolitan areas in Texas.

McLennan County is the most populated county in the Heart of Texas Region, with a 2019 population of 256,623. Waco is the county seat and largest city in McLennan County, with an estimated population of 139,236. The 2019 Waco MSA population was estimated by the U.S. Census Bureau to be 273,920. And significant growth is expected for the area. In 2017, the economic consultant organization, The Perryman Group, forecasted the MSA population to reach 323,000 by 2040.

Like regions across the country, unemployment in McLennan County has increased somewhat in 2020 due to the COVID-19 pandemic. The Texas Workforce Commission reported that McLennan County had a total Civilian Labor Force of 122,801 in November 2020, with an unemployment rate of 6.6%, significantly lower than the Texas total of 8% unemployed. In comparison, McLennan County unemployment was 3.1% in November 2019.

McLennan County is a balanced economic region, with a range of business sectors centered around Waco. Major business clusters include manufacturing and food and beverage production, with major employers like Allergan, Cargill Foods, L-3 Integrated Systems, Mars Chocolate North America, Pilgrim’s Pride and Sanderson Farms. The area continues to grow with new investments, with available land centered in Waco at three industrial parks, the Texas Central Park, Waco International Aviation Park and Waco Regional Airport Industrial Park. The 11-th largest Christian university in the country, Baylor University, is in Waco and offers a collaborative partnership with the area fostering high technology developments.

McLennan County has historically placed a large significance on developing a favorable mix between urban and rural amenities. For example, Waco is a fantastic city for people of all ages. Cameron Park at 416 acres and located near the Brazos River is one of the nicest urban parks in the state. It includes the Cameron Park Zoo and many trails. Many cultural amenities can be found in and around Waco, from the Waco Symphony Orchestra to the Mayborn Museum and Dr. Pepper Museum & Free Enterprise Institute. The Lake Waco reservoir is located on the western edge of Waco and offers numerous outdoor and leisure opportunities.

Click on the cities within McLennan County for more information:

Population

Total Population

271,356

Population
Growth Rate

0.62%

Median Age

36

Diversity Index

76.200

Source: ESRI, 2024-09-27

Housing & Income

Households

101,250

Total Housing Units

111,063


Owner Occupied

60,798

Renter Occupied

40,452

Vacant

9,813

Median Home Value

$260,938


Average Home Value

$301,956

Income
Growth Rate

Median
Household Income

0.00%


Per Capita Income

3.11%

Income Projection

Median Household

$66,516 $76,831


Average Household

$92,679 $106,739


Per Capita

$34,698 $40,448

Source: ESRI, 2024-09-27

Workforce

Total Businesses

9,368

Total Employed

127,344

Workers 16+

117,951

2024 HealthCare / Social Assistance

cp-industries

Businesses

866

Employed

17,362

2024 Retail Trade Businesses

cp-industries

Businesses

1,340

Employed

14,298

2024 Educational Services - Businesses

cp-industries

Businesses

262

Employed

13,748

2024 Accommodation / Food Service

cp-industries

Businesses

804

Employed

12,453

2024 Food Service / Drinking Est.

cp-industries

Businesses

706

Employed

11,232

2024 Public Administration

cp-industries

Businesses

320

Employed

10,988

Some
High School

11,684

Graduated
High School

38,557

Associates
Degree

19,625

Bachelor's
Degree

31,595

Graduate
Degree

19,854

Average Commute Time

20 min.



Resident Commuters

109,347

Non-Resident Commuters

8,067

Drive Alone

94,359

Carpooled

11,011

Public

473

Work At Home

8,291

Source: ESRI, 2024-09-27