Forecast Lawton, OK: A Comprehensive Guide to the Future of this Oklahoma City Suburb
Lawton, Oklahoma, a vibrant suburb of Oklahoma City, has been experiencing significant growth and development in recent years. As you plan your future in this area, it’s essential to understand the various aspects that contribute to its forecast. Let’s delve into the economic, demographic, and infrastructure perspectives of Lawton, OK.
Economic Outlook
The economic landscape of Lawton is diverse, with a strong presence of military, healthcare, and education sectors. The presence of Fort Sill, a United States Army post, has been a major driver of the local economy. The base employs thousands of military personnel and their families, contributing to the local tax base and creating numerous job opportunities.
| Industry | Employment | Percentage of Total Employment |
|---|---|---|
| Military | Approx. 10,000 | 15% |
| Healthcare | Approx. 8,000 | 12% |
| Educational Services | Approx. 7,000 | 10% |
| Manufacturing | Approx. 5,000 | 7% |
| Wholesale and Retail Trade | Approx. 4,000 | 6% |
| Construction | Approx. 3,000 | 4% |
| Other Services | Approx. 2,000 | 3% |
Lawton’s economy is also bolstered by the presence of Southwest Oklahoma State University, which offers a variety of academic programs and contributes to the local talent pool. The city has been actively working on diversifying its economy by attracting new businesses and industries, which is expected to create more job opportunities and improve the overall economic outlook.
Demographic Trends
Lawton’s population has been steadily growing over the years, with a diverse demographic composition. According to the U.S. Census Bureau, the city’s population was estimated at approximately 100,000 in 2020. The population is projected to grow at an annual rate of 1.5% over the next decade, reaching around 115,000 by 2030.
The city’s population is predominantly Caucasian, with African American and Hispanic communities also making significant contributions. The median age of Lawton residents is around 35 years, indicating a relatively young and dynamic population. This demographic trend is beneficial for the city’s economic growth, as young professionals are more likely to start businesses and contribute to the local tax base.
Infrastructure Development
Lawton has been investing in infrastructure development to support its growing population and economy. The city has recently completed a major road expansion project, which has improved traffic flow and connectivity within the city. Additionally, the city has been working on upgrading its water and wastewater systems to meet the increasing demand for utilities.
In terms of public transportation, Lawton has a well-developed system of bus routes, which provides convenient access to various parts of the city. The city is also exploring the possibility of implementing a light rail system to further enhance transportation options for its residents.
Real Estate Market
The real estate market in Lawton has been experiencing steady growth, with a variety of housing options available to suit different budgets and preferences. The median home price in Lawton was approximately $150,000 in 2020, making it an affordable option for homebuyers. The city offers a mix of single-family homes, townhouses, and apartments, catering to different living preferences.
Investors are also showing interest in Lawton’s real estate market, as the city’s growing population and improving economic outlook make it an attractive investment destination. The city’s infrastructure development and affordable housing options are contributing factors
