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Economic Indicators & Trends. Leadership Jackson. presented to. October 2004. 138 Carriage House Drive Jackson, Tennessee 38305 731-668-7367. Trade Area. Population. Retail Trade Area Madison County 2009 Projection 396,781 97,489 2004 Estimate 390,899 94,334

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Leadership jackson l.jpg

Economic Indicators & Trends

Leadership Jackson

presented to

October 2004

138 Carriage House Drive

Jackson, Tennessee 38305

731-668-7367



Population l.jpg
Population

Retail Trade Area Madison County

2009 Projection 396,781 97,489

2004 Estimate 390,899 94,334

2000 Census 386,354 91,837

1990 Census 344,689 77,982

1980 Census 349,006 74,609

Growth 2004-2009 1.50% 3.34%

Growth 1990-2000 12.09% 17.77%

Growth 1980-1990 -1.24% 4.50%



Per capita personal income l.jpg
Per Capita Personal Income

Trade Area Madison Co. Tennessee USA

Per Capita

Personal Income

1991 $ 13,957 $ 16,740 $ 22,022 $ 20,023

1996 $ 16,949 $ 20,442 $ 21,449 $ 23,255

2002 $ 21,847 $ 25,983 $ 27,611 $ 30,906




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Retail Sales

Madison County Trade Area Tennessee

2003 $ 1,576,124,267 $ 3,580,801,813 $ 68,871,245,371

1998 $ 1,425,593,030 $ 3,569,871,344 $ 68,605,817,272


Retail sales compounded annual growth rate l.jpg
Retail SalesCompounded Annual Growth Rate

Madison Henry Dyer Shelby Davidson TN

1986-1990

1991-1995

1996-2003

1986-2003

5.03%

7.56%

5.38%

6.63%

3.35%

6.16%

5.93%

5.65%

4.03%

5.79%

2.93%

4.12%

2.76%

5.97%

3.77%

4.56%

3.52%

5.92%

3.37%

4.58%

3.87%

6.08%

4.72%

5.47%


Madison county tn retail sales l.jpg
Madison County, TN Retail Sales

2003 1998-2003 2002-2003

TOTAL

Building Materials

General Merchandise

Food Stores

Autos, Boats & Aircraft

Service Stations

Apparel & Accessories

Furniture & Home Furnishings

Eating & Drinking

Other

$ 1,576,124,267

$ 171,261,683

$ 322,387,661

$ 217,101,224

$ 335,918,208

$ 67,413,987

$ 60,422,995

$ 61,225,148

$ 147,235,351

$ 193,158,007

10.6%

17.2%

6.4%

15.8%

15.5%

-10.7%

2.4%

7.9%

6.0%

15.0%

7.0%

13.1%

0.9%

12.0%

9.0%

26.9%

4.5%

5.9%

3.9%

2.2%





Madison county job growth l.jpg
Madison County Job Growth Sales

1991 – 1996: 23.5%

1996 – 2003: 8.07%


2003 madison county employment wages l.jpg
2003 SalesMadison County Employment & Wages




2003 united states distribution of labor l.jpg
2003 United States Distribution of Labor* Sales

*Preliminary LBS Data



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Workplace Changes Sales

  • Major shift to flexible work schedule

  • Increase in telecommuting

  • Shift of medical coverage from employer to employee

  • Fewer people directly employed in manufacturing


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Areas to Watch Sales

  • State economy’s growth in the automotive sector

  • Impact of growth and improvements in other regional trade areas

  • Slower population growth, recent growth projections are lower

  • Construction may slow after tornado recovery

  • Increase in percentage of retirees

  • Area colleges and universities to grow


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