MIDLAND, Texas (Big 2/FOX 24) – Most of us would like to make six-figures… right? A few more zeros added to the end of our paychecks and it seems we’re in the right place to do it.
A new report ranks Midland number six among small metros for the most six figure-jobs. It collected data from the U.S. Bureau of Labor Statistics with 7.7% of the occupations earning at least $100,000 per year.
Experts say a big reason for that is the oil industry. Many workers salaries are clearing six figures and others reaching $100,000 through overtime added to their paychecks.
“The oil industry is the only place that if you’re willing to work hard even without an education, you can come out here and raise the economic standard for your family,” said Mickey Cargile, Cargile Investment Management President.
Cargile says the downside is the impacts to the cost of living and that makes it difficult for those not in that six-figure salary range.