October 3, 2022

2022 Economic Outlook

A snapshot of Florida

| 1/17/2022

Industries across the state are reporting robust activity — some are surpassing pre-pandemic levels of growth.

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Florida POPULATION: 22,216,111
Biggest Counties   Smallest Counties
Miami-Dade 2,783,092 Liberty 8,520
Broward 2,004,195 Lafayette 8,554
Palm Beach 1,552,349 Franklin 12,342
Hillsborough 1,524,293 Gulf 13,724
Orange 1,457,533 Calhoun 14,247

Florida MEDIAN AGE: 42.40
Oldest Counties   Youngest Counties
Sumter 68.95 Leon 31.07
Charlotte 60.65 Alachua 32.08
Sarasota 57.58 Hendry 35.46
Citrus 57.38 Orange 35.94
Indian River 55.13 Hardee 36.19

AGE in Florida
Age Percent
0-14 15.89%
15-19 5.59
20-39 24.95
40-64 31.46
65+ 22.10

Florida PER CAPITA INCOME: $58,796
Richest Counties   Poorest Counties
Monroe $114,160 Union $25,156
Collier 111,928 Liberty 28,677
Martin 97,149 DeSoto 29,109
Palm Beach 94,608 Glades 29,453
Indian River 90,486 Hamilton 30,669

Florida UNEMPLOYMENT RATE: 4.0%
Highest Counties   Lowest Counties
Hendry 6.3% Monroe 2.5%
Putnam 5.9 St. Johns 2.9
Hamilton 5.4 Nassau 3.2
Highlands 5.4 Okaloosa 3.2
Osceola 5.3 Santa Rosa 3.2

Sources for income, population and age charts on following pages: Woods & Poole Economics Inc., Washington, D.C. Copyright 2022. 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.


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