Industry Snapshot
MATAGORDA COUNTY
The largest sector in Matagorda County, Texas is Health Care and Social Assistance, employing 1,416 workers. The next-largest sectors in the region are Retail Trade (1,396 workers) and Educational Services (1,319). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Utilities (LQ = 17.83), Agriculture, Forestry, Fishing and Hunting (5.76), and Mining, Quarrying, and Oil and Gas Extraction (3.95).
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/Matagorda-County-Industry-Spotlight.jpg)
PALACIOS
The largest sector in the City of Palacios, TX is Educational Services, employing 190 workers. The next-largest sectors in the region are Accommodation and Food Services (144 workers) and Agriculture, Forestry, Fishing and Hunting (128). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 11.29), Educational Services (2.83), and Accommodation and Food Services (2.07).
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/Palacios-Industry-Spotlight.jpg)
BAY CITY
The largest sector in the City of Bay City, TX is Health Care and Social Assistance, employing 1,145 workers. The next-largest sectors in the region are Retail Trade (1,054 workers) and Accommodation and Food Services (924). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Mining, Quarrying, and Oil and Gas Extraction (LQ = 3.61), Agriculture, Forestry, Fishing and Hunting (2.62), and Accommodation and Food Services (1.74).
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/Bay-City-Industry-Spotlight.jpg)
Cost of Living Index
The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power.
MATAGORDA COUNTY
The cost of living is 14.3% lower in Matagorda County, Texas than the U.S. average.
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/Matagorda-County-Cost-Of-Living.jpg)
Gross Domestic Product
Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2021, nominal GDP in Matagorda
County, Texas expanded 2.5%. This follows a contraction of 5.5% in 2020. As of 2021, total GDP in Matagorda County, Texas was $1,850,686,000.
Of the sectors in Matagorda County, Texas, Utilities contributed the largest portion of GDP in 2021, $757,331,000 The next-largest contributions came from Manufacturing ($214,360,000); Real Estate and Rental and Leasing ($100,048,000); and Health Care and Social Assistance ($98,422,000).
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/GDP.jpg)
Matagorda County Unemployment
![](https://www.baycitychamber.org/virDirEditorAssets/BayCityTX/chamberAccess/2023/June/Matagorda-County-Unemployment.jpg)
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