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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

Economic Indicators & Trends

Leadership Jackson

presented to

October 2004

138 Carriage House Drive

Jackson, Tennessee 38305

731-668-7367

population
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
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

retail sales
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
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
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
Madison County Job Growth

1991 – 1996: 23.5%

1996 – 2003: 8.07%

workplace changes
Workplace Changes
  • Major shift to flexible work schedule
  • Increase in telecommuting
  • Shift of medical coverage from employer to employee
  • Fewer people directly employed in manufacturing
areas to watch
Areas to Watch
  • 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