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Comprehensive Plan Economic Development Element
<br />employment), the Management of Companies sector (0.19% of total county employment) and the
<br />Finance and Insurance sector (3.18% of total county employment) with high annual average wages.
<br />Instead, Indian River County's employment is primarily focused in the Retail Trade sector and the
<br />Health Care sector. For 2007 and 2008, the Retail Trade sector had the second lowest annual
<br />average wage behind only the Accommodations and Food Services sector.
<br />Source: Florida Agency for Workforce Innovation, Labor Market Statistics, Quarterly Census of Employment and Wages Program (ES -202). In
<br />cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.
<br />One of the major determinants of economic vitality in a community is income. Table 5.12 displays
<br />the median household income and per capita income for Indian River County. Household income
<br />includes the income of the householder and all other persons 15 years old and over in the household,
<br />whether related to the householder or not. As shown in Table 5.12, Indian River County's median
<br />Community Development Department Indian River County 18
<br />Table 5.11: Indian River Coun
<br />Wages by
<br />Major NAICS Sector
<br />NAICS
<br />Code
<br />NAICS Sector
<br />Annual
<br />Average
<br />Wage
<br />2007
<br />Share of Total
<br />County Wages
<br />Annual
<br />Average
<br />Wage
<br />2008
<br />Share of Total
<br />County Wages
<br />11
<br />Agriculture
<br />$ 25,542
<br />3.76%
<br />$
<br />25,571
<br />3.77%
<br />21
<br />Mining
<br />NA*
<br />NA*
<br />NA*
<br />NA*
<br />22
<br />Utilities
<br />$ 26,413
<br />0.04%
<br />$
<br />32,688
<br />0.04%
<br />23
<br />Construction
<br />$ 36,695
<br />9.65%
<br />$
<br />36,140
<br />8.40%
<br />31-33
<br />Manufacturing
<br />$ 39,398
<br />4.92%
<br />$
<br />41,388
<br />5.05%
<br />42
<br />Wholesale Trade
<br />$ 121,974
<br />5.99%
<br />$
<br />171,640
<br />8.30%
<br />44-45
<br />Retail Trade
<br />$ 24,973
<br />11.49%
<br />$
<br />24,713
<br />11.05%
<br />48-49
<br />Transp. & Warehousing
<br />$ 38,214
<br />2.17%
<br />$
<br />40,030
<br />2.26%
<br />51
<br />Information
<br />$ 50,460
<br />1.84%
<br />$
<br />57,237
<br />2.11%
<br />52
<br />Finance & Ins.
<br />$ 58,638
<br />5.82%
<br />$
<br />58,359
<br />5.09%
<br />53
<br />Real Estate
<br />$ 33,145
<br />2.02%
<br />$
<br />29,990
<br />1.90%
<br />54
<br />Professional, Scientific & Tech.
<br />$ 56,814
<br />7.22%
<br />$
<br />54,690
<br />6.69%
<br />55
<br />Management of Companies
<br />$ 120,249
<br />0.68%
<br />$
<br />130,738
<br />0.67%
<br />56
<br />Administrative & Support & Waste Management &
<br />Remediation Services
<br />$ 26,663
<br />3.12%
<br />$
<br />26,341
<br />3.39%
<br />61
<br />Educational Services
<br />NA*
<br />NA*
<br />NA*
<br />NA*
<br />62
<br />Health Care
<br />$ 39,831
<br />17.84%
<br />$
<br />39,817
<br />17.90%
<br />71
<br />Entertainment & Rec.
<br />$ 26,652
<br />3.12%
<br />$
<br />28,364
<br />3.25%
<br />72
<br />Accom. & Food Services
<br />$ 15,994
<br />3.55%
<br />$
<br />16,411
<br />3.77%
<br />81
<br />Other Services
<br />$ 24,489
<br />2.39%
<br />$
<br />24,835
<br />2.41%
<br />92
<br />Public Administration
<br />$ 43,004
<br />7.75%
<br />$
<br />44,748
<br />7.90%
<br />99
<br />Unclassified
<br />NA*
<br />NA*
<br />NA*
<br />NA*
<br />ALL INDUSTRIES
<br />$ 35,865
<br />100.00%
<br />$
<br />36,520
<br />100.00%
<br />TOTAL, EXCLUDING NA
<br />93.36%
<br />93.93%
<br />*NA = Not Available
<br />Source: Florida Agency for Workforce Innovation, Labor Market Statistics, Quarterly Census of Employment and Wages Program (ES -202). In
<br />cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.
<br />One of the major determinants of economic vitality in a community is income. Table 5.12 displays
<br />the median household income and per capita income for Indian River County. Household income
<br />includes the income of the householder and all other persons 15 years old and over in the household,
<br />whether related to the householder or not. As shown in Table 5.12, Indian River County's median
<br />Community Development Department Indian River County 18
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