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AIRPORT MASTER PLAN <br /> <br /> Capital WDA Travis County <br /> State of Texas <br /> United States <br />TABLE 3-5 <br />PROJECTED EMPLOYMENT GROWTH <br />Employment Growth 2016-2026 Total AAGR <br />United States 7.40% 0.74% <br />Texas 16.60% 1.66% <br />Capital Area WDA 16.30% 1.63% <br />Alamo WDA 15.50% 1.55% <br />Rural Capital WDA* 21.20% 2.12% <br />Source: Texas Workforce Commission - TRACER System <br />*Hays and Caldwell County are part of the Rural Capital WDA <br /> <br />Once more, the growth rate of the area encompassing Hays and Caldwell counties <br />is the highest of all areas measured. <br />All the employment data reviewed as part of this master plan project indicates that <br />the economy in the region the San Marcos Regional Airport is located in has grown <br />and is expected to continue to grow rapidly. This is expected to be a positive <br />influence on aeronautical activity at the airport. <br />M EDIAN H OUSEHOLD I NCOME <br />In addition to general employment data, household income data provides insight <br />into the local economy. While a locations economy can be growing, it is possible for <br />it to grow in a manner that has a limited impact on aeronautical activity (e.g. lower <br />income jobs, businesses with little correlation to aeronautical activity, etc.). <br />Historically, higher levels of income have been associated with higher aeronautical <br />activity levels. Tables 3-6 and 3-7 show historic and projected household incomes <br />for Hays and Caldwell counties (combined). Trends similar to these are expected in <br />the Austin-Round Rock MSA and the San Antonio-New Braunfels MSA. <br />Socioeconomic studies similar to the one completed for this master plan have <br />shown the median household income within the City of San Marcos to be lower <br />than the figures shown in Tables 3-6 and 3-7. Since the area the San Marcos <br /> <br />Activity Forecasts Chapter Page 7of 36 <br />October 2020 <br /> <br />