Economic Indicators

2022 ANNUAL AVERAGES

*Labor Market Area is defined as Cumberland, Bledsoe, Fentress, Morgan, Overton, Putnam, Rhea, Roane, Van Buren, and White Counties in Tennessee.

LABOR FORCECOUNTYLABOR MARKET AREA*
Civilian Labor Force53,119185,866
Employment20,62285,241
Unemployment1,0274,113
Unemployment Rate4.7%4.6%

2022 EMPLOYED POPULATION (AGE 16+) BY INDUSTRY

INDUSTRY%
Agriculture3.6%
Construction7.9%
Manufacturing13.8%
Wholesale Trade2.4%
Retail Trade11.6%
Transportation / Utilities5.9%
Information1.4%
Finance / Insurance / Real Estate4.8%
Services43.7%
Public Administration4.8%

Source: ESRI

MANUFACTURING IN AREA (Annual Averages 2021)

DESCRIPTIONTOTALS
Number of Units59
Ann. Avg. Employment2,080
Ann. Avg. Weekly Wage$964

Source: Tennessee Department of Labor and Workforce Development

PER CAPITA PERSONAL INCOME

DESCRIPTION
Year2022
Amount$31,792

Source: ESRI

MEDIAN HOUSEHOLD INCOME

DESCRIPTION
Year2022
Amount$52,859

Source: ESRI

RETAIL SALES

DESCRIPTION
Year2021
Amount$1,137,734,027

Source: Tennessee Department of Revenue

AVERAGE HOME SALES

DESCRIPTION
Year2021
Number of Homes Sold1,237
Average Cost$271,429
Median Home Value$207,422

Source: Tennessee Housing Development Agency