May 28, 2020

Economic Outlook

A snapshot of Florida

| 12/26/2019

This year, Florida Trend’s Economic Outlook focuses on specific issues — from economic development and public safety to transportation and education — that challenge the cities and counties across the state, assessing whether progress has been made in each category. The Economic Outlook package also includes people to watch in each region and news from all of Florida’s 67 counties.

First up in "A Snapshot of Florida" is a look at some demographics from around the state.

A Snapshot of Florida

Florida POPULATION: 21,759,104
Biggest Counties   Smallest Counties
Miami-Dade 2,831,940 Liberty 8,426
Broward 1,995,429 Lafayette 8,642
Palm Beach 1,533,010 Franklin 11,928
Hillsborough 1,463,633 Jefferson 14,276
Orange 1,411,210 Glades 14,161

Florida MEDIAN AGE: 42.37
Oldest Counties   Youngest Counties
Sumter 69.0 Leon 30.4
Charlotte 60.0 Alachua 31.5
Citrus 57.5 Hendry 34.9
St. Johns 56.9 Orange 35.4
Indian River 54.4 Hardee 35.6

AGE in Florida
Age Percent
0-14 16.08%
15-19 5.57
20-39 25.17
40-64 31.78
65+ 21.39

Florida PER CAPITA INCOME: $53,889
Richest Counties   Poorest Counties
Collier $98,826 Union $22,902
Monroe 93,837 Glades 25,879
Martin 90,434 Liberty 26,813
Palm Beach 85,202 DeSoto 27,078
Indian River 82,692 Lafayette 27,675

Florida UNEMPLOYMENT RATE: 2.9%
Highest Counties   Lowest Counties
Hendry 5.8% Monroe 2.0%
Hardee 5.1 Okaloosa 2.3
Citrus 4.1 Walton 2.4
Highlands 4.1 St. John's 2.4
Sumter 4.0 Wakulla 2.6

Sources for income, population and age charts on following pages: Woods & Poole Economics Inc., Washington, D.C. Copyright 2020. Woods & Poole does not guarantee the accuracy of this data. The use of this data and the conclusions drawn from it are solely the responsibility of Florida Trend. Population data include military stationed in Florida, college residents and inmates. Jobs data are from the Florida Agency for Workforce Innovation and include total non-agricultural employment. The numbers are preliminary and not seasonally adjusted. Housing numbers are from Florida Realtors. Prices are median.


Quick link to regional reports:

 

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