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Monahans is considered a Small Town with a population of 8,312 and 897 businesses. 9 in 2018 were added to the Monahans Chamber of Commerce business directory which was more than 2017 which had 4.

The economy of Monahans employs 4,962 people and has an unemployment rate of 7.3%. Some of the largest industries in Monahans are Professional Services (70),Restaurants (41), and Personal Services & Consultants (18).

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