As a densely populated city, Fair Oaks Ranch Texas has a high accident rate. This makes it necessary to have car insurance to protect yourself. You may be sued for a large amount if you cause an accident. Furthermore, if you fail a state inspection, you will be required to show proof of insurance.
High number of industries in Fair Oaks Ranch
Fair Oaks Ranch, Texas is a fast-growing city located in Bexar, Comal, and Kendall counties. It was incorporated in 1988. The city is named for Ralph Fair, Sr., who was a local oil company executive. Fair Oaks Ranch is a popular place for outdoor activities because of its temperate climate.
If you own a small business in Fair Oaks Ranch, Texas, consider taking out a Business Owner's Policy. This type of insurance can be inexpensive and protects your business against costly lawsuits. Also, you will need to consider Texas workers' compensation insurance if you have more than three employees.
The Fair Oaks Ranch, TX area has a high number of industries. The top three industries in the city are Mining, Finance, and Insurance. In 2020, the most common outbound products from Texas are Electronics, Gasoline, and Fuel oils. The total amount of outbound trade is expected to increase 90.9% to $4.5T by 2050.
High number of residents
In 2020, the median property value in Fair Oaks Ranch, TX was $474,200. This was nearly twice as high as the national median of $229,800. The median homeownership rate in Fair Oaks Ranch, TX was 96.2%, higher than the national average of 64.4%. The median commute time for Fair Oaks Ranch, TX residents was 31 minutes. On average, residents had two cars in their household.
Fair Oaks Ranch is a suburb of San Antonio with a population of 10,753. Despite the large city feel, this community retains a rural feeling. Most residents are homeowners, and many are retired. Residents enjoy a mild climate and plenty of outdoor activities.
The median age for residents of Fair Oaks Ranch, TX is 45.5. This number is higher among foreign-born residents than native-born residents. Fair Oaks Ranch's median age is getting younger. In 2020, native-born residents had a median age of 45.5, while foreign-born residents were about 52. The most common foreign-born residents are from Mexico. Nearly two-thirds of Fair Oaks Ranch residents were born outside the United States.
The median household income in Fair Oaks Ranch, TX was $28,366 in 2020. The median income for full-time male employees was $198,000 in 2020, and the median income was $13,261 in 2016. Compared with White and Asian workers, male employees earned 1.24 times more than their female counterparts.
Average age of residents
Fair Oaks Ranch, Texas is a small city in the southwestern region of Texas. Located in Kendall, Comal, and Bexar counties, it is home to around 9,000 people. It is part of the San Antonio-New Braunfels, TX Metropolitan Statistical Area.
The average age of Fair Oaks Ranch, Texas residents is 46. This is lower than the national average, which is 52.5 years old. However, the city's population is getting younger. One-third of its population is under 15 years old. Meanwhile, only 13.4% of Fair Oaks Ranch's civilian population is over the age of 18 years old.
Fair Oaks Ranch is a suburban community that offers a mix of amenities and good schools. Its average household size is 2.7. You should carefully consider the community before buying a home in this area. Its local community, schools, and demographics will all play an important role in determining whether it's a good fit for you and your family.
There are several daycare centres and parks in the area. For parents with full-time jobs, being close to a childcare facility is a great bonus. Children can enjoy playtime at Rainbow Play Systems, The Learning Tree, and Cibolo Creek Veterinary Hospital. A close proximity to urgent care centers is another plus.
The median age of Fair Oaks Ranch residents is 44.3, which is slightly older than the US average of 37.4. In addition, the median number of people per household is 3.0, while the US average is 2.6.
Average household income
If you're looking for the average household income in Fair Oaks Ranch, Texas, you've come to the right place. This Texas city's income is high enough to support a comfortable lifestyle for both single and dual families. The table below shows the percentages of households that fall into each income tier.
Fair Oaks Ranch has a diverse population. This community includes people who haven't finished high school and those with more than a bachelor's degree. The table below presents detailed information about the area's labor force. The table also demonstrates that the area is home to many professionals with a range of skills.
Fair Oaks Ranch is part of the San Antonio-New Braunfels metro area. The cost of living in this region is 88.7% lower than the national average. This makes it one of the cheapest places to live in the US. The cost of housing, food, healthcare, transportation, and other common expenses make up a large portion of the average monthly expense.
The median property value in Fair Oaks Ranch, TX was $474,200 in 2020. This is almost twice as high as the national average of $229,800. The homeownership rate is 96.2%, which is higher than the national average of 64.4%. In terms of transportation, the average commute was 31 minutes, and the average number of cars per household was two.
Fair Oaks Ranch, TX is home to a variety of employment sectors. The most common employment sectors include Health Care & Social Assistance, Retail Trade, and Finance & Insurance. However, some residents also work in other industries.
Average number of natural disasters in Fair Oaks Ranch
The city of Fair Oaks Ranch, Texas is situated within a Moderate Risk Zone, which means that the region is more likely to experience natural disasters. In fact, Fair Oaks Ranch has experienced 44 historical tornado events with a magnitude of 2 or higher. Historically, these events have caused two deaths and 15 injuries in the Fair Oaks Ranch area.
The climate in Fair Oaks Ranch is characterized by mild variations in hourly wind speeds throughout the year. On average, there are 9.4 days with at least 0.04 inches of precipitation in May. In contrast, there are fewer wet days in January and October.
The median age of residents in Fair Oaks Ranch, TX is 45.5 years old. This figure is based on data collected in the city in 2020. Those in the area who are US citizens have a median age of 46, while those who were born in other countries were younger. Additionally, most residents drive alone to work. The average commute time in Fair Oaks Ranch, TX is 31 minutes. And residents own an average of 2 cars per household.
A few other natural disasters have affected the city. In the past, the city experienced a tornado called the Waco Tornado, which killed 144 people and destroyed more than 1,600 homes. That tornado was part of a two-day tornado outbreak. In total, 33 tornadoes impacted the region, causing a large amount of devastation. The storm also brought flooding and winds up to 180 mph, and destroyed thousands of power poles.
In addition to wildfires, Texans have to deal with the highest rate of tornadoes in the U.S. These tornadoes can be up to one mile wide, lifting cars and destroying homes. Texas is also the home to fifty thunderstorm days per year, which are accompanied by lightning. These storms tend to occur in the early spring and late fall, so residents should be prepared.