97 Director’s Row Jackson, Tennessee 38305 731-668-7367 Economic Indicators & Trends.

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Presentation transcript:

97 Director’s Row Jackson, Tennessee Economic Indicators & Trends

Trade Area

Trade Area Determinants Employment Entertainment Education Health Care Retail/Service Attractions Transportation

Population Trade AreaMadison CountyCity of Jackson 2018 Projection395,87198,69565, Estimate395,51498,16465, Census397,39398,29465, Census386,36091,83761, Census344,68977,98252,142 Growth %0.54%0.51% Growth %-0.13%-0.14% Growth %7.03%6.64% Growth %17.77%17.64% Source: Claritas

Household Information 2013 Estimates Households Average # of Persons Per Household Average Household Income Jackson 25, $ 56,620 Madison 38, $ 58,475 Trade Area 155, $ 48,949

Population by Age Category – Trade Area

Jackson/ Madison County Single Family Dwelling Starts Source: US Census Bureau

2012 Retail Sales by Category MadisonTrade Area TOTAL 2,113,813,2085,201,523,722 Building Materials 158,564,703348,784,124 Gen. Merchandise 379,132,4361,119,926,039 Food Stores 362,844,4251,018,446,728 Autos/Boats/Aircraft 344,571,494727,413,865 Service Stations 279,137,374647,256,353 Apparel/Accessories 77,817,712107,092,383 Furniture & Home Furnishings 39,894,53877,632,367 Eating/Drinking 203,620,085463,721,190 Other 268,230,435652,811,457

Madison County, TN Retail Share 2011 Madison County 2011 Trade Area 2011 % of Total Sales in Madison 2007 % of Total Sales in Madison TOTAL 2,113,813,2085,201,523, %40.1% Building Materials 158,564,703348,784, %49.1% General Merchandise 379,132,4361,119,926, %36.9% Food Stores 362,844,4251,018,446, %34.2% Autos, Boats & Aircraft 344,571,494727,413, %39.5% Service Stations 279,137,374647,256, %41.3% Apparel & Accessories 77,817,712107,092, %66.6% Furniture & Home Furnishings 39,894,53877,632, %50.9% Eating & Drinking 203,620,085463,721, %44.9% Other 268,230,435652,811, %40.1%

Madison County Retail Growth Comparison % Change % Change TOTAL 188,822,841152,611,468158,564, %3.9% Building Materials 385,225,982372,994,316379,132, %1.6% General Merchandise 304,371,972362,066,129362,844, %0.2% Food Stores 342,359,843302,596,307344,571,4940.6%13.9% Autos, Boats & Aircraft 164,534,874288,357,691279,137, %-3.2% Service Stations 76,084,80376,414,45077,817,7122.3%1.8% Apparel & Accessories 52,342,89339,097,71539,894, %2.0% Furniture & Home Furnishings 175,584,137194,267,503203,620, %4.8% Eating & Drinking 229,906,162256,362,857268,230, %4.6% Other 188,822,841152,611,468158,564, %3.9%

2011 Inleakage of Retail Sales Top 10 TN Counties Area name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage Sevier, TN$ 2,932,819,000$ 2,013,717, $ 1,217,230,510 Rutherford, TN$ 8,714,005,000$ 5,979,560, $ 3,611,987,040 Hamblen, TN$ 1,894,032,000$ 1,263,615, $ 739,228,906 Putnam, TN$ 2,288,083,000$ 1,351,063, $ 686,790,376 Madison, TN$ 3,469,897,000$ 2,044,495, $ 1,036,689,443 Lewis, TN$ 295,590,000$ 170,900, $ 84,770,841 Knox, TN$ 16,994,073,000$ 8,661,782, $ 3,703,334,917 Davidson, TN$ 30,069,470,000$ 14,328,356, $ 5,650,572,199 Henry, TN$ 990,912,000$ 470,865, $ 185,067,972 Cumberland, TN$ 1,691,634,000$ 802,269, $ 314,579,601

Comparison of West TN Counties Estimated Inleakage/Outleakage of Retail Sales Area name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage Benton $ 463,308,000 $ 160,365, $ (6,117,369) Carroll $ 883,793,000 $ 227,507, $ (28,860,832) Chester $ 480,926,000 $ 128,068, $ (15,109,927) Crockett $ 470,187,000 $ 107,876, $ (16,704,141) Decatur $ 394,307,000 $ 90,895, $ (13,975,962) Dyer $ 1,234,878,000 $ 480,105, $ 2,164,873 Fayette $ 1,678,353,000 $ 262,904, $ (59,846,010) Gibson $ 1,519,810,000 $ 476,154, $ (33,797,204) Hardeman $ 711,248,000 $ 168,355, $ (24,844,895) Hardin $ 854,825,000 $ 358,503, $ 12,586,938 Haywood $ 585,679,000 $ 163,954, $ (17,106,881)

Comparison of West TN Counties Estimated Inleakage/Outleakage of Retail Sales Area name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage Henderson, TN $ 767,467,000 $ 303,415, $ 3,358,327 Henry, TN $ 990,912,000 $ 470,865, $ 42,804,144 Lake, TN $ 157,550,000 $ 37,739, $ (5,462,317) Lauderdale, TN $ 639,125,000 $ 169,524, $ (20,179,138) McNairy, TN $ 698,571,000 $ 167,285, $ (24,224,667) Madison, TN $ 3,469,897,000 $ 2,044,495, $ 418,980,278 Obion, TN $ 1,029,108,000 $ 471,301, $ 34,731,609 Shelby, TN $ 38,116,646,000 $ 12,802,621, $ (619,625,073) Tipton, TN $ 2,142,722,000 $ 430,638, $ (78,936,494) Weakley, TN $ 1,038,164,000 $ 302,799, $ (28,042,213)

Comparison of Trade Area Estimated Inleakage/Outleakage of Retail Sales Area name Total Personal Income Retail Sales Sales to Income Ratio In/Out Leakage Benton $463,308,000$160,365, ($6,117,369) Carroll $883,793,000$227,507, ($28,860,832) Chester $480,926,000$128,068, ($15,109,927) Crockett $470,187,000$107,876, ($16,704,141) Decatur $394,307,000$90,895, ($13,975,962) Gibson $1,519,810,000$476,154, ($33,797,204) Hardeman $711,248,000$168,355, ($24,844,895) Hardin $854,825,000$358,503, $12,586,938 Haywood $585,679,000$163,954, ($17,106,881) Henderson$767,467,000$303,415, $3,358,327 McNairy$698,571,000$167,285, ($24,224,667) Madison$3,469,897,000$2,044,495, $418,980,278 Weakley$1,038,164,000$302,799, ($28,042,213)

Unemployment Rates

AreaLabor ForceEmploymentUnemploymentRate Benton6,9506, % Carroll13,80012,3001, % Chester8,3807, % Crockett6,8306, % Decatur5,7505, % Gibson21,26018,8002, % Hardeman10,9109,7001, % Hardin12,16011,0001,1509.5% Haywood8,7707, % Henderson12,51011,1901, % McNairy10,7309,6901,0409.7% Madison49,73045,6504,0808.2% Weakley16,37014,4401, % Trade Area184,150165,80018, %

Madison County Job Growth YearLabor ForceGrowth % , , % , % , % , % ,7302.4%

US Division of Labor

TN Division of Labor

Madison County Division of Labor

2012 Tennessee Employment and Wages Industry Category Annual Average Employees Annual Average Wage Natural Resources & Mining 11,054 $ 38,931 Construction 104,556 $ 45,592 Manufacturing 303,250 $ 52,915 Wholesale Trade 117,538 $ 59,690 Retail Trade 309,954 $ 27,692 Transportation, Warehousing & Utilities 131,433 $ 48,839 Information 43,046 $ 57,072 Financial Activities 132,438 $ 61,537 Professional & Business Services 322,790 $ 47,688 Education & Health Services 372,504 $ 45,084 Leisure & Hospitality 267,034 $ 18,878 Other Services 70,246 $ 29,008 Government 416,901 $ 41,569 All Industry 2,602,744 $ 37,677

2012 Madison County Employment and Wages Industry Category Annual Average Employees Annual Average Wage Natural Resources & Mining130 $ 37,283 Construction2,439 $ 48,323 Manufacturing7,910 $ 52,325 Wholesade Trade2,895 $ 43,671 Retail Trade6,660 $ 24,626 Transportation, Warehousing & Utilities1,569 $ 39,436 Information478 $ 41,995 Financial Activities1,434 $ 49,358 Professional & Business Services5,340 $ 28,962 Education & Health Services8,377 $ 45,874 Leisure & Hospitality5,070 $ 13,737 Other Services817 $ 25,741 Government10,760 $ 41,567 All Industry53,879 $ 38,171

2012 United States Employment and Wages Industry Category Annual Average Employees Annual Average Wage Natural Resources & Mining 1,995,020 $ 55,944 Construction 5,763,476 $ 52,298 Manufacturing 11,950,963 $ 60,496 Wholesale Trade 5,657,062 $ 68,226 Retail Trade 14,931,239 $ 27,731 Transportation, Warehousing & Utilities 5,907,946 $ 53,023 Information 408,445 $ 81,955 Financial Activities 7,585,920 $ 80,110 Professional & Business Services 18,079,196 $ 64,487 Education & Health Services 30,756,551 $ 45,285 Leisure & Hospitality 14,214,919 $ 20,218 Other Services 4,587,757 $ 30,090 Government 7,270,858 $ 56,579 All Industry 131,696,378 $ 49,289

Madison County Five Year Comparison Industry Category 2012 Annual Average Employees 2007 Annual Average Employees% Change Natural Resources & Mining % Construction2,4393, % Manufacturing7,91010, % Wholesade Trade2,8952, % Retail Trade6,6606, % Transportation, Warehousing & Utilities1,5692, % Information % Financial Activities1,4341, % Professional & Business Services5,3404, % Education & Health Services8,3777, % Leisure & Hospitality5,0704,6249.6% Other Services8171, % Government10,76010,7330.3% All Industry53,87955, %

Madison County Five Year Comparison Industry Category 2012 Annual Average Wage 2007 Annual Average Wage % Change in Wages Natural Resources & Mining $ 37,283 $ 34,5687.9% Construction $ 48,323 $ 43,9709.9% Manufacturing $ 52,325 $ 45, % Wholesale Trade $ 43,671 $ 39, % Retail Trade $ 24,626 $ 22,9437.3% Transportation, Warehousing & Utilities $ 39,436 $ 40, % Information $ 41,995 $ 36, % Financial Activities $ 49,358 $ 39, % Professional & Business Services $ 28,962 $ 30, % Education & Health Services $ 45,874 $ 43,5015.5% Leisure & Hospitality $ 13,737 $ 12, % Other Services $ 25,741 $ 22, % Government $ 41,567 $ 36, % All Industry $ 38,171 $ 35,4817.6%

Residency Profile of Madison County Workforce County of ResidenceWork in Madison County% of Workforce Benton1130.2% Carroll1,3552.5% Chester2,3604.3% Crockett1,8333.3% Decatur1660.3% Gibson4,9739.0% Hardeman9031.6% Hardin2270.4% Haywood1,2102.2% Henderson2,7815.0% Madison38, % McNairy6671.2% Weakley4440.8% Total55,158100%

Trade Area Population Growth

Leigh Anne Bentley 97 Director’s Row Jackson, Tennessee Thank you! Sharon Younger Jackson Memphis