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2014 | Galveston Economic Outlook

Galveston is a coastal city comprised of Galveston Island and Pelican Island in the U.S. state of Texas. The community encompasses 208.3 square miles, and has a population of 51,111 people. It is the county seat and second-largest municipality of Galveston County, and is located within the Houston–Baytown–Sugar Land metropolitan statistical area (MSA).

Named after Bernardo de Gálvez y Madrid, Count of Gálvez (born in Málaga, Spain), Galveston's first European settlements on the island were constructed around 1816 by French pirate Louis-Michel Aury to help the fledgling Republic of Mexico fight Spain. The Port of Galveston was established in 1825 by the Congress of Mexico following its successful independence from Spain. The city served as the main port for the Texas Navy during the Texas Revolution, and later served as the capital of the Republic of Texas.

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Executive Summary

Galveston MSA Population
Est. 2018:
55,320
2013:
51,111
2010:
47,743
Galveston MSA Households
Est. 2018:
23,444
2013:
21,523
2010:
19,957
Galveston Labor Force

Service:
24.9%
Professional/Related: 23.0%
Sales/Office:
21.3%
Galveston MSA Unemployment
2013: 4.7%
2012: 7.8%
2011: 9.1%
2010:

8.2%

Galveston Median Home Values
Owner-Occupied Home Value: $131,809
Renter-Occupied Rent: $623
Miles From Galveston
Austin: 206
San Antonio: 241
Dallas: 288
New Orleans: 392
Import/Export Trade (Metric Tons)  
HAS Air Freight: 414.6M (2013)
419.2M (2012)
Port Total Tonnage: 329M (2013)
247M (2012)

Texas