JAX’ Economic Snapshot at Year-End 2014

Metro JAX is growing and healthy and diverse.  From an article by Robert Ward of the JAX Business Journal, a few highlights:

  • Metro JAX’ population has grown 24% from 2000 to 2013, to a population of 1.39 million.
  • Gross domestic product of $62.1B for 2013, 25% more than in 2004.
  • No.1 ranking in port containers in FL among the state’s 15 seaports with 1.029M containers (2012/13)
  • 24.2M tons of cargo handled at the local ports, No.2 in the state
  • 22 Cities served by JIA with nonstop flights
  • Cost of living at 98.4, 1.6% less than the national average/index
  • Housing starts in the 5k range, double that of 2009, 2010 and 2011, but still a healthy 40% less than in 2004 and 2005.
  • Job growth in 2013 at 14,808, slightly behind 15,800 in 2012 but substantially better than negative figures in 2008, 2009 and 2010.
  • Unemployment rate of 6.9%, 400 bps less than in 2010.
  • Diverse employment base with Trade/Transportation/Utilities leading (21% of total jobs), followed by Professional and Business Services (16%), Education and Health Services (14%), Leisure and Hospitality (13%), Government (12%), Financial (10%) and Goods/Manufacturing (10%).
  • A median household income of $51,495, behind Atlanta ($56k), but ahead of Charlotte ($51k), Orlando ($47k), Miami ($46k) and Tampa ($46k).

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on January 2, 2015, in JAX Business Journal, Jobs/JAX Economy, Port/Infrastructure and tagged , . Bookmark the permalink. Leave a comment.

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