Stephenville is the Erath County seat and is located about 70 miles southwest of Fort Worth, Texas. Agriculture is Stephenville's leading industry and Erath County is the state's leading milk producer with approximately $140 million in production. Five of the 10 leading employers are manufacturing firms with the remainder in education, retail, and health care services. Tarleton State University provides further economic stability with over 10,000 enrolled students and 844 employees.
In March 1992, the Texas State Comptroller released a state report which ranked Erath County as the fifth best county among 205 rural counties in the state for economic development for the previous five years. Stephenville was listed as one of the 100 best small towns in America in a book compiled by Norman Crampton and published by Prentice Hall. This just proves that if you are looking for a small town community, you have found one of the best!