Professional services

The professional and business services industry provides specialized skills in administrative functions across various sectors like accounting, legal, and engineering. It relies on highly skilled labor with advanced degrees. Rockwall is in a favorable position due to its highly talented and highly educated residential population, residing with the DFW Metroplex that has a global reputation for a thriving, professional services climate.

Industry Concentration

  • Over 321,000 individuals employed in Business Services within a 45-minute drive time (LQ 1.59)
    • Some of those include:
      • Over 107,000 employed in “Computer Systems Design and Related Services” (LQ 2.34)
      • Over 60,000 employed in “Management Consulting Services” (LQ 1.88)
      • Over 57,000 employed in “Corporate, Subsidiary, and Regional Managing Office” (LQ 1.33)
      • Over 22,000 employed in “Engineering Services” (LQ 1.04)
      • Over 6,000 employed in “Architectural Services” (LQ 1.69)
  • Over 36,000 employed in Insurance Services within a 45-minute drive time (LQ 1.44)
    • Some of those include:
      • Over 18,000 employed in “Direct Property and Casualty Insurance Carriers” (LQ 2.27)
      • Over 2,000 employed in “Direct Title Insurance Carriers” (LQ 2.4)
      • Over 2,000 employed in “Claims Adjusting” (LQ 1.69)
  • Over 68,000 individuals employed in Financial Services within a 45-minute drive time (LQ 1.81)
    • Some of those include:
      • Over 14,000 employed in “Portfolio Management and Advice” (LQ 1.55)
      • Over 8,000 employed in “Sales Financing” (LQ 5.30)
      • Over 5,000 employed in “Other Activities Related to Credit Intermediation” (LQ 4.28)
      • Over 4,000 employed in “Consumer Lending” (LQ 2.69)

*Location Quotient – Provides a concentration of workers in the area compared to the national average.  An LQ of 1.0 means the area has a concentration of workers equal to that of the national average.  An LQ of 1.5 means the area has a concentration of workers 50% greater than the national average.

 

Area Workforce

SOC Description Employees (45 Minute Drive) Location Quotient Average Local Salary*
13-2053 Insurance Underwriters 3,533 1.82 $70,100
43-9041 Insurance Claims and Policy Processing Clerks 7,124 1.72 $53,200
11-3021 Computer and Information Systems Managers 16,247 1.65 $154,300
15-1211 Computer Systems Analysts 14,987 1.61 $109,800
15-1232 Computer User Support Specialists 20,142 1.56 $57,800
41-3031 Securities, Commodities, and Financial Service Sales Agents 13,006 1.51 $92,400
11-1021 General Operations Managers 95,012 1.51 $113,800
43-4051 Customer Service Representatives 78,833 1.51 $40,100
15-1252 Software Developers 43,091 1.49 $117,900
13-1031 Claims Adjusters, Examiners, and Investigators 7,629 1.49 $70,700
43-1011 First Line Supervisors of Office and Administrative Support Workers 41,435 1.48 $64,100
13-1082 Project Management Specialists 23,038 1.45 $92,200
15-1251 Computer Programmers 3,730 1.44 $93,800
11-2022 Sales Managers 13,269 1.36 $130,600
13-1071 Human Resource Specialists 18,863 1.23 $66,600
11-3031 Financial Managers 16,754 1.20 $158,400
13-2011 Accountants and Auditors 31,232 1.13 $86,000
43-3031 Bookkeeping, Accounting, and Auditing Clerks  35,028 1.13 $46,700
 17-2071 Electrical Engineers 3,733 1.07 $103,700
23-1011 Lawyers 14,661 1.01 $177,800
17-2051 Civil Engineers 5,339 0.9 $92,200

Source: 2023Q4 data from JobsEQ

*Average Local Salary is representative of positions within Rockwall County. 

 

 

Rockwall Residents: Qualified Individuals Living Nearby

SOC Description Rockwall Residents* Net Commuters**
11-1021 General Operations Managers 1,301 -338
43-4051 Customer Service Representatives 947 -253
43-3031 Bookkeeping, Accounting, and Auditing Clerks 480 -138
13-2011 Accountants and Auditors 437 -166
23-1011 Lawyers 280 -86
41-3021 Insurance Sales Agents 271 -24
13-2040 Financial Analysts and Advisors 254 -122
13-1161 Market Research Analysts and Marketing Specialists 198 -68
41-3031 Securities, Commodities, and Financial Service Sales Agents 118 -66
13-2041 Financial and Investment Analysts 95 -39
13-1031 Claims Adjusters, Examiners, and Investigators 88 -53
17-2051 Civil Engineers 84 -26
43-9041 Insurance Claims and Policy Processing Clerks 82 -30
11-9041 Architectural and Engineering Managers 62 -35
17-2141 Mechanical Engineers 56 -28
17-1011 Architects 46 -11
13-2053 Insurance Underwriters 34 -17

Source: Lightcast, May 2024

*Individuals employed in these occupations, living in zip code 75087 and 75032

**Negative numbers indicate that the community is “losing” more of these workers to commutes outside of Rockwall, than what is being gained by local companies. These individuals may be targets for recruitment, as a job in Rockwall would create an opportunity to work closer to home. 

REDC Acquires Land for Office Sites

The REDC recently acquired two 10+ acre in-fill office sites that have strong access to Interstate 30 and views of Lake Ray Hubbard. Our goal is to find office developers and tenants that want to tap into Rockwall’s working population that is generally highly educated and endures lengthy commutes.  49.3% of residents in Rockwall have a Bachelor’s degree or higher. 90% of Rockwall’s residents leave the community for work. You can learn more about Rockwall’s office opportunities here.

 

 

 

Rockwall Companies

  • KE Andrews*
  • SNAP Insurance Services*
  • The Baldwin Group
  • TrendHR*
  • S&A Systems*

*National or International Headquarters 

DFW Companies with Significant Corporate Presence

  • AT&T*
  • JP Morgan Chase
  • Charles Schwab*
  • Fidelity Investments
  • State Farm
  • Wells Fargo
  • Globe Life*
  • Goldman Sachs
  • Fluor*
  • Comerica Bank*
  • AECOM*
  • CBRE*

*National or International Headquarters 

 

 

Ready to make the move? Let’s talk.

With plenty of available land, financial incentives, and an educated, experienced workforce, Rockwall may just be your new home. Drop us a line to learn more.

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