Providence Village is a somewhat small town located in the state of Texas. With a population of 8,440 people and two associated neighborhoods, Providence Village is the 296th largest community in Texas. Providence Village has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Providence Village, where the median household income is $101,654.00.
Providence Village real estate is some of the most expensive in Texas, although Providence Village house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Providence Village has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 18.25% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Providence Village is a great place for families with children to consider. First of all, many other families with children live here, making Providence Village a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Providence Village has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Providence Village’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Providence Village is that it can take a long time to commute to work. In Providence Village, the average commute to work is 41.32 minutes, which is quite a bit higher than the national average.
Being a small town, Providence Village does not have a public transit system used by locals to get to and from work.
The citizens of Providence Village are among the most well-educated in the nation: 40.28% of adults in Providence Village have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Providence Village in 2022 was $34,994, which is upper middle income relative to Texas, and middle income relative to the rest of the US. This equates to an annual income of $139,976 for a family of four. However, Providence Village contains both very wealthy and poor people as well.
Providence Village is an extremely ethnically-diverse town. The people who call Providence Village home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Providence Village residents report their race to be White, followed by Black or African-American. Providence Village also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.46% of the town’s residents. Important ancestries of people in Providence Village include German, Irish, English, French, and Italian.
The most common language spoken in Providence Village is English. Other important languages spoken here include Spanish and West Germanic languages.