97 Director’s RowJackson, Tennessee 38305

731-668-7367

Economic Indicators & Trends

Trade Area

Trade Area Determinants

EmploymentEntertainmentEducationHealth CareRetail/Service AttractionsTransportation

Population

Trade Area Madison CountyCity of

Jackson

2018 Projection 395,871 98,695 65,658

2013 Estimate 395,514 98,164 65,322

2010 Census 397,393 98,294 65,413

2000 Census 386,360 91,837 61,339

1990 Census 344,689 77,982 52,142

Growth 2013-2018 0.09% 0.54% 0.51%

Growth 2010-2013 -0.47% -0.13% -0.14%

Growth 2000-2010 2.86% 7.03% 6.64%

Growth 1990-200012.09% 17.77% 17.64%

Source: Claritas

Household Information

2013Estimates

Households

Average # of Persons

Per Household

Average Household

Income

Jackson25,344 2.41 $ 56,620

Madison38,091 2.46 $ 58,475

Trade Area155,338 2.45 $ 48,949

Ages 0-17

22.7%

Ages 18-24

10.3%

Ages 25-34

11.4%

Ages 35-4412.0%

Ages 45-54

13.8%

Ages 55-64

13.1%

Ages 65-74

9.5%Ages 75+

7.2%

Population by Age Category – Trade Area

Jackson/ Madison County Single Family Dwelling Starts

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

0

50

100

150

200

250

300

350

400

450

JacksonMadison Co

Source: US Census Bureau

2012 Retail Sales by Category

Madison Trade Area

TOTAL 2,113,813,208 5,201,523,722

Building Materials158,564,703 348,784,124

Gen. Merchandise379,132,436 1,119,926,039

Food Stores362,844,425 1,018,446,728

Autos/Boats/Aircraft344,571,494 727,413,865

Service Stations279,137,374 647,256,353

Apparel/Accessories77,817,712 107,092,383

Furniture & Home Furnishings 39,894,538 77,632,367

Eating/Drinking203,620,085 463,721,190

Other268,230,435 652,811,457

Madison County, TN Retail Share

2011 Madison County

2011 Trade Area

2011 % of Total Sales in Madison

2007 % of Total Sales

in Madison

TOTAL 2,113,813,208 5,201,523,722 40.6% 40.1%

Building Materials 158,564,703 348,784,124 45.5% 49.1%

General Merchandise 379,132,436 1,119,926,039 33.9% 36.9%

Food Stores 362,844,425 1,018,446,728 35.6% 34.2%

Autos, Boats & Aircraft 344,571,494 727,413,865 47.4% 39.5%

Service Stations 279,137,374 647,256,353 43.1% 41.3%

Apparel & Accessories 77,817,712 107,092,383 72.7% 66.6%

Furniture & Home Furnishings 39,894,538 77,632,367 51.4% 50.9%

Eating & Drinking 203,620,085 463,721,190 43.9% 44.9%

Other 268,230,435 652,811,457 41.1% 40.1%

Madison County Retail Growth Comparison

2007 2011 2012% Change

2007-2012

% Change 2011-2012

TOTAL 188,822,841 152,611,468 158,564,703 -16.0% 3.9%

Building Materials 385,225,982 372,994,316 379,132,436 -1.6% 1.6%

General Merchandise 304,371,972 362,066,129 362,844,425 19.2% 0.2%

Food Stores 342,359,843 302,596,307 344,571,494 0.6% 13.9%

Autos, Boats & Aircraft 164,534,874 288,357,691 279,137,374 69.7% -3.2%

Service Stations 76,084,803 76,414,450 77,817,712 2.3% 1.8%

Apparel & Accessories 52,342,893 39,097,715 39,894,538 -23.8% 2.0%

Furniture & Home Furnishings 175,584,137 194,267,503 203,620,085 16.0% 4.8%

Eating & Drinking 229,906,162 256,362,857 268,230,435 16.7% 4.6%

Other 188,822,841 152,611,468 158,564,703 -16.0% 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 $ 2,013,717,344 0.687 $ 1,217,230,510

Rutherford, TN $ 8,714,005,000 $ 5,979,560,363 0.686 $ 3,611,987,040

Hamblen, TN $ 1,894,032,000 $ 1,263,615,633 0.667 $ 739,228,906

Putnam, TN $ 2,288,083,000 $ 1,351,063,918 0.590 $ 686,790,376

Madison, TN $ 3,469,897,000 $ 2,044,495,429 0.589 $ 1,036,689,443

Lewis, TN $ 295,590,000 $ 170,900,927 0.578 $ 84,770,841

Knox, TN $ 16,994,073,000 $ 8,661,782,921 0.510 $ 3,703,334,917

Davidson, TN $ 30,069,470,000 $ 14,328,356,384 0.477 $ 5,650,572,199

Henry, TN $ 990,912,000 $ 470,865,196 0.475 $ 185,067,972

Cumberland, TN $ 1,691,634,000 $ 802,269,993 0.474 $ 314,579,601

Comparison of West TN Counties Estimated Inleakage/Outleakage of Retail Sales

Area nameTotal Personal

IncomeRetail Sales

Sales to Income Ratio

In/Out Leakage

Benton  $ 463,308,000 $ 160,365,724 0.346 $ (6,117,369)

Carroll  $

883,793,000 $ 227,507,567 0.257 $ (28,860,832)

Chester  $ 480,926,000 $ 128,068,111 0.266 $ (15,109,927)

Crockett  $

470,187,000 $ 107,876,700 0.229 $ (16,704,141)

Decatur  $

394,307,000 $ 90,895,699 0.231 $ (13,975,962)

Dyer  $

1,234,878,000 $ 480,105,162 0.389 $ 2,164,873

Fayette  $

1,678,353,000 $ 262,904,523 0.157 $ (59,846,010)

Gibson  $

1,519,810,000 $ 476,154,832 0.313 $ (33,797,204)

Hardeman  $

711,248,000 $ 168,355,498 0.237 $ (24,844,895)

Hardin  $ 854,825,000 $ 358,503,379 0.419 $ 12,586,938

Haywood  $ 585,679,000 $ 163,954,483 0.280 $ (17,106,881)

Comparison of West TN Counties Estimated Inleakage/Outleakage of Retail Sales

Area nameTotal Personal

IncomeRetail Sales

Sales to Income Ratio

In/Out Leakage

Henderson, TN $ 767,467,000 $ 303,415,598 0.395 $ 3,358,327

Henry, TN $ 990,912,000 $ 470,865,196 0.475 $ 42,804,144

Lake, TN $ 157,550,000 $ 37,739,953 0.240 $ (5,462,317)

Lauderdale, TN $ 639,125,000 $ 169,524,422 0.265 $ (20,179,138)

McNairy, TN $ 698,571,000 $ 167,285,315 0.239 $ (24,224,667)

Madison, TN $ 3,469,897,000 $ 2,044,495,429 0.589 $ 418,980,278

Obion, TN $ 1,029,108,000 $ 471,301,899 0.458 $ 34,731,609

Shelby, TN $ 38,116,646,000 $ 12,802,621,499 0.336 $ (619,625,073)

Tipton, TN $ 2,142,722,000 $ 430,638,303 0.201 $ (78,936,494)

Weakley, TN $ 1,038,164,000 $ 302,799,878 0.292 $ (28,042,213)

Comparison of Trade Area Estimated Inleakage/Outleakage of Retail Sales

Area nameTotal Personal

IncomeRetail Sales

Sales to Income Ratio

In/Out Leakage

Benton  $463,308,000 $160,365,724 0.346 ($6,117,369)

Carroll  $883,793,000 $227,507,567 0.257 ($28,860,832)

Chester  $480,926,000 $128,068,111 0.266 ($15,109,927)

Crockett  $470,187,000 $107,876,700 0.229 ($16,704,141)

Decatur  $394,307,000 $90,895,699 0.231 ($13,975,962)

Gibson  $1,519,810,000 $476,154,832 0.313 ($33,797,204)

Hardeman  $711,248,000 $168,355,498 0.237 ($24,844,895)

Hardin  $854,825,000 $358,503,379 0.419 $12,586,938

Haywood  $585,679,000 $163,954,483 0.28 ($17,106,881)

Henderson $767,467,000 $303,415,598 0.395 $3,358,327

McNairy $698,571,000 $167,285,315 0.239 ($24,224,667)

Madison $3,469,897,000 $2,044,495,429 0.589 $418,980,278

Weakley $1,038,164,000 $302,799,878 0.292 ($28,042,213)

Unemployment Rates

2004 2005 2006 2007 2008 2009 2010 2011 20120.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0 United StatesTennesseeMadison CountyTrade Area

Unemployment Rates

Area Labor Force Employment Unemployment Rate

Benton 6,950 6,240 710 10.2%

Carroll 13,800 12,300 1,500 10.9%

Chester 8,380 7,670 710 8.5%

Crockett 6,830 6,130 700 10.2%

Decatur 5,750 5,200 550 9.6%

Gibson 21,260 18,800 2,460 11.6%

Hardeman 10,910 9,700 1,200 11.0%

Hardin 12,160 11,000 1,150 9.5%

Haywood 8,770 7,790 980 11.2%

Henderson 12,510 11,190 1,320 10.6%

McNairy 10,730 9,690 1,040 9.7%

Madison 49,730 45,650 4,080 8.2%

Weakley 16,370 14,440 1,940 11.9%

Trade Area 184,150 165,800 18,340 10.0%

Madison County Job Growth

Year Labor Force Growth %

1987 36,890

1992 41,890 13.6%

1997 47,350 13.0%

2002 52,840 11.6%

2007 48,560 -8.1%

2012 49,730 2.4%

US Division of Labor

Natural Resources & Mining1.55% Construction

4.46%Manufacturing

9.26%

Wholesade Trade4.38%

Retail Trade11.56%

Transporta-tion, Ware-

housing & Util-ities

4.58%

Information0.32%

Financial Activities

5.88%

Professional & Business Services13%

Education & Health Ser-

vices23.82%

Leisure & Hospitality

11.01%

Other Services3.55%

Government5.63%

TN Division of Labor

Natural Resources & Mining0%

Construction4%

Manufacturing12%

Wholesade Trade5%

Retail Trade12%Transportation, Warehousing &

Utilities5%

Information2%

Financial Activ-ities5%

Professional & Business Services

13%

Education & Health Services

14%

Leisure & Hos-pitality

10%

Other Services3%

Government16%

Madison County Division of Labor

Natural Resources & Mining0.3%

Construction4.53%

Manu-facturing14.68%

Wholesade

Trade5.37%

Retail Trade

12.36% Trans-portation, Warehous-ing & Util-

ities2.6%

Infor-mation0.89%

Financial Activities

2.66%

Professional & Business Services

9.0%

Education & Health Services15.55%

Leisure & Hospital-

ity9.41%

Other Services1.52%

Gov-ern-ment

19.97%

2012 Tennessee Employment and Wages

Industry CategoryAnnual Average

EmployeesAnnual

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 CategoryAnnual Average

EmployeesAnnual

Average Wage

Natural Resources & Mining 130 $ 37,283

Construction 2,439 $ 48,323

Manufacturing 7,910 $ 52,325

Wholesade Trade 2,895 $ 43,671

Retail Trade 6,660 $ 24,626

Transportation, Warehousing & Utilities 1,569 $ 39,436

Information 478 $ 41,995

Financial Activities 1,434 $ 49,358

Professional & Business Services 5,340 $ 28,962

Education & Health Services 8,377 $ 45,874

Leisure & Hospitality 5,070 $ 13,737

Other Services 817 $ 25,741

Government 10,760 $ 41,567

All Industry 53,879 $ 38,171

2012 United States Employment and Wages

Industry CategoryAnnual Average

EmployeesAnnual

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 130 87 49.4%

Construction 2,439 3,156 -22.7%

Manufacturing 7,910 10,095 -21.6%

Wholesade Trade 2,895 2,402 20.5%

Retail Trade 6,660 6,987 -4.7%

Transportation, Warehousing & Utilities 1,569 2,304 -31.9%

Information 478 675 -29.2%

Financial Activities 1,434 1,619 -11.4%

Professional & Business Services 5,340 4,417 20.9%

Education & Health Services 8,377 7,330 14.3%

Leisure & Hospitality 5,070 4,624 9.6%

Other Services 817 1,043 -21.7%

Government 10,760 10,733 0.3%

All Industry 53,879 55,472 -2.9%

Madison County Five Year Comparison

Industry Category 2012 Annual Average Wage

2007 Annual Average

Wage

% Change in Wages

Natural Resources & Mining $ 37,283 $ 34,568 7.9%

Construction $ 48,323 $ 43,970 9.9%

Manufacturing $ 52,325 $ 45,914 14.0%

Wholesale Trade $ 43,671 $ 39,111 11.7%

Retail Trade $ 24,626 $ 22,943 7.3%

Transportation, Warehousing & Utilities $ 39,436 $ 40,240 -2.0%

Information $ 41,995 $ 36,393 15.4%

Financial Activities $ 49,358 $ 39,780 24.1%

Professional & Business Services $ 28,962 $ 30,050 -3.6%

Education & Health Services $ 45,874 $ 43,501 5.5%

Leisure & Hospitality $ 13,737 $ 12,110 13.4%

Other Services $ 25,741 $ 22,131 16.3%

Government $ 41,567 $ 36,941 12.5%

All Industry $ 38,171 $ 35,481 7.6%

Residency Profile of Madison County Workforce

County of ResidenceWork in Madison

County% of Workforce

Benton 113 0.2%

Carroll 1,355 2.5%

Chester 2,360 4.3%

Crockett 1,833 3.3%

Decatur 166 0.3%

Gibson 4,973 9.0%

Hardeman 903 1.6%

Hardin 227 0.4%

Haywood 1,210 2.2%

Henderson 2,781 5.0%

Madison 38,126 69.1%

McNairy 667 1.2%

Weakley 444 0.8%

Total 55,158 100%

Trade Area Population Growth

Leigh Anne Bentley97 Director’s Row

Jackson, Tennessee 38305731-668-7367

Thank you!