Tallahassee-Leon County Economic Indicators

The Office of Economic Vitality is the region’s most comprehensive economic data source. Our dedicated team of expert analysts track approximately 80 metrics – providing all the information you need to get to know us quickly and well. Use the interactive graphics to see how our past and present are shaping the bright future of Florida’s Capital Community. Simply click on any of the following categories to quickly access the information you need: Workforce & Income, Residential & Commercial Development, Economic Factors, Community & Environment, Demographics, Education, and Innovation.
 
For a customized report or to ask questions, email the Research & Business Analytics team.

Top Economic Indicators

What are Top Economic Indicators? Leading economic indicators which have the potential to forecast where an economy is headed (i.e. retail sales, building permits, housing market) and lagging economic indicators that indicate how the economy changes over time and can help identify long-term trends (i.e. income and wages, unemployment rate, GDP). These help create a picture of the current performance of our local economy as well as how it will do in the future and include: Employment, Unemployment Rate, Non-Agricultural Employment by Industry, 2010-2016, Wages and Establishments, Initial Claims for Unemployment Compensation, Taxable Sales, Leon County Tourism, New Construction Permits, New Single-Family Construction Permits, GDP, Single-Family Detached Home Sales and Median Price (Closed), Mortgage Foreclosures, Tallahassee International Airport Traffic Statistics

Employment

Total non-farm employment growth for the Tallahassee MSA for 2016 was 2.7%, a net increase of 4,600 jobs. Comparatively, 2015 job growth was 0.8%. Total private employment was up 4.3% (gain of 4,800 jobs) while government employment was down 0.3% over the year (loss of 200 jobs).
 
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Unemployment Rate

The local unemployment rate continued to fall in 2016. Leon County’s annual average unemployment rate (preliminary) for 2016 stood at 4.6% (4.7% for the Tallahassee MSA and 4.9% for the State of Florida).
 
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Non-Agricultural Employment by Industry, 2010-2016

Private sector job growth in 2016 was led by gains in Professional & Business Services (1,300 jobs), Leisure & Hospitality (900 jobs), Mining, Logging & Construction (800 jobs) and Education & Health Services (700 jobs).
 
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Wages and Establishments

The average annual wage in Leon County in 2015 was $42,254, 8.7% below the state average wage of $46,260. The annual average state government wage was 3.0% higher in Leon County compared to the state average while the local government wage in Leon County was 11.7% lower than the state’s average. By industry type, Leon County’s average annual
wage ranged from 33% lower than the state average for the Information industry sector to 1.6% higher than the state average for the Professional and Business Services industry sector.

 
Annual Data Downloads (Employment and Wages by Ownership) PDF | Excel
Annual Data Downloads (Employment and Wages of Private Industries) PDF | Excel


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Initial Claims for Unemployment Compensation

Initial claims for unemployment compensation declined for the fifth straight year in 2016.
 
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Taxable Sales

Taxable sales data for various Metropolitan Statistical Areas (MSAs) are popularly used as one indicator of regional economic activity. These data are derived from sales tax returns remitted to the state Department of Revenue each month. Taxable sales are those sales subject to Chapter 212, Florida Statutes. Sales tax is levied generally on sales of goods, but not services, although there are some taxable services. The overall level of taxable sales increased 3.5% in the Tallahassee MSA in 2016. Taxable sales for the State of Florida were up 4.6% in 2016 compared with 2015.

For the Tallahassee MSA, all six categories exhibited an increase in taxable sales each year between 2012 and 2016. Autos & Accessories were up on average 7.9% each year; Building Investment, 7.3%; Consumer Durables, 5.7%; Tourism & Recreation, 4.3%; and Consumer Nondurables, 2.4%. It is estimated that taxable sales comprise 40-45% of all retail sales.
 
Annual Data Downloads (Taxable Sales, Change from Previous Year) PDF | Excel
Annual Data Downloads (Taxable Sales by Category) PDF | Excel


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Leon County Tourism

In FY 2016, 2,312,120 visitors visited Leon County, down 0.6% from FY 2015. However, direct expenditures of visitors totaled $532.5 million in FY 2016, an increase of about 0.2% from FY 2015.
 
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New Construction Permits

The overall level of residential building permits for new construction issued in Leon County has continued to steadily increase over the past few years. There were 556 permits issued for new single-family (detached and attached) homes in 2016, the highest level since 2008, but still well below the historical annual average of 1,235 new single-family construction permits issued per year since 1970 (earliest Planning Department records available). Multi-family new construction permits included Apalachee Point Villas Apartments, Evergreen at Southwood, Domain and Arbor Crossing at Buck Lake.
 
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New Single-Family Construction Permits

 
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GDP by Metro Area

In 2016, the Tallahassee Metropolitan Area’s (MSA) real gross domestic product was $13.7 billion, up 4.3% from 2015. Real GDP in metropolitan areas increased 1.7% in 2016. Real GDP increased in 267 of the nation’s 382 metropolitan areas in 2016 led by growth in professional and business services; information services; and finance, insurance, real estate, rental, and leasing.
 
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Single-Family Detached Home Sales and Median Price (Closed)

The median sales price for single family homes was up 6.7% in Leon County and 5.9% for the Tallahassee MSA (2016).
 
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Mortgage Foreclosures

Mortgage foreclosure cases decreased almost 27% in 2016 when compared to 2015, the fourth consecutive year of declining rates of mortgage foreclosure cases in Leon County and only about one third of the 2012 total.
 
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Tallahassee International Airport Traffic Statistics

Passenger traffic at Tallahassee International Airport increased 3% in 2016 from 2015 and was 4.7% higher than the 2010-2015 annual average of 680,846.
 
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