Economic Dashboard

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Demographic Profile

In 2015, the population in Jackson County was 48,229. Between 2005 and 2015, the region’s population was relatively unchanged.

The region has a civilian labor force of 18,001 with a participation rate of 44.1%. Of individuals 25 to 64 in Jackson County, 12.8% have a bachelor’s degree or higher which compares with 31.3% in the nation.

The median household income in Jackson County is $35,098 and the median house value is $92,100.

Employment

In the first quarter of 2017, total employment for Jackson County was 15,973 (based on a four-quarter moving average). Over the year ending in the first quarter of 2017, employment declined 1.4% in the region.

The seasonally adjusted unemployment rate for Jackson County was 4.9% as of April 2017. This was an improvement from the previous year’s rate of 5.3%

Wage Trends

The average worker in Jackson County earned annual wages of $33,901 in the first quarter of 2017. Average annual wages per worker increased 5% in the region during the preceding four quarters. For comparison purposes, annual average wages were $53,246 in the nation during the first quarter of 2017.

Cost of Living Index

The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power.  The cost of living is 12.0% lower in Jackson County than the U.S. average.  

Industry Snapshot

The largest sector in Jackson County is Health Care and Social Assistance, employing 3,698 workers. The next-largest sectors in the region are Public Administration (2,272 workers) and Retail Trade (2,103). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 3.09), Public Administration (2.99), and Health Care and Social Assistance (1.63).

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through the third quarter of 2016 with preliminary estimates updated to the first quarter of 2017.

Sectors in Jackson County with the highest average wages per worker are Utilities ($77,276), Management of Companies and Enterprises ($66,728), and Manufacturing ($43,941). Regional sectors with the best job growth over the last 5 years are Construction (+313 jobs), Retail Trade (+162), and Health Care and Social Assistance (+94).

The fastest growing sector in the region is expected to be Construction with a +0.5% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Health Care and Social Assistance (+153 jobs), Construction (+63), and Administrative and Support and Waste Management and Remediation Services (+32).


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JACKSON COUNTY
ECONOMIC DEVELOPMENT COMMITTEE

4636 Highway 90, Suite K
Marianna, Florida 32446

 
CONTACT US

(850) 633.4370
go@jacksonedc.com