Mercedes is the fastest growing MSA in Texas and one of the fastest growing MSAs in the U.S., with a current population of 774,769. To date, the MSA has grown by more than 391,224 people since 1990, an 102% growth rate, or 5.1% annually.
Mercedes has grown by 15.6% since 2000, adding more than 2,100 people for a total population of 15,570. In addition, Hispanics are currently the largest and fastest growing minority group with 50.3 million as of January 1, 2010, 16.3 percent of the U.S. population.
With 88.3% of the MSA population being Hispanic, the MSA has the 15th largest Hispanic population in the U.S. and the Rio Grande Valley is the 6th largest Hispanic market in the U.S. Furthermore, the median age of Hispanics is 27.4 compared with the population as a whole at 36.4.
The Mercedes Household Characteristics chart illustrates that 50% of the households in Mercedes are valued over $40,100. The distribution of Mercedes household income depicts 16% of residents earn between $25,000 and $35,000, 16% of residents earn between $35,001 and $50,000, 9% of residents earn between $50,001 and $75,000, and 5% of Mercedes residents earn over $75,001 a year.
Mercedes Educational Attainment chart for residents over 25 years of age portrays the importance of education in the Mercedes community. In Mercedes, 53% of the residents have a high school diploma and 15% have or are attending college. 2.5% of its residents possess an associate’s degree, 6.8% have a bachelor’s degree, and 3.2 % of Mercedes residents have acquired a graduate degree.
The Ethnic Composition chart illustrates the Mercedes population is 90% Hispanic. This ethnic distribution is quite common in the Rio Grande Valley region and in cities along the Texas-Mexico border.