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Indian River County, Florida Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Indian River County, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Indian River County, Florida

12:00 A.M. TO 4:59 A.M.   : 772   (1.8%)
5:00 A.M. TO 5:29 A.M.   : 769   (1.8%)
5:30 A.M. TO 5:59 A.M.   : 1,277   (3.0%)
6:00 A.M. TO 6:29 A.M.   : 2,598   (6.0%)
6:30 A.M. TO 6:59 A.M.   : 4,688   (10.9%)
7:00 A.M. TO 7:29 A.M.   : 7,009   (16.2%)
7:30 A.M. TO 7:59 A.M.   : 8,086   (18.7%)
8:00 A.M. TO 8:29 A.M.   : 5,609   (13.0%)
8:30 A.M. TO 8:59 A.M.   : 2,920   (6.8%)
9:00 A.M. TO 9:59 A.M.   : 2,863   (6.6%)
10:00 A.M. TO 10:59 A.M.   : 1,089   (2.5%)
11:00 A.M. TO 11:59 A.M.   : 424   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 2,862   (6.6%)
4:00 P.M. TO 11:59 P.M.   : 2,224   (5.1%)


(updated 2010)



Household Size By Vehicles Available
(Indian River County, Florida)

1-person household:

No vehicle available : 2,400

1 vehicle available : 14,510

2 vehicles available : 1,574

3 vehicles available : 229

4 or more vehicles available : 77

2-person household:

No vehicle available : 727

1 vehicle available : 8,981

2 vehicles available : 13,741

3 vehicles available : 1,440

4 or more vehicles available : 168

3-person household:

No vehicle available : 175

1 vehicle available : 1,659

2 vehicles available : 3,100

3 vehicles available : 1,588

4 or more vehicles available : 235

4-or-more-person household:

No vehicle available : 42

1 vehicle available : 1,959

2 vehicles available : 3,767

3 vehicles available : 1,552

4 or more vehicles available : 607


(updated 2013)



Household Size By Number Of Workers In Household
(Indian River County, Florida)

1-person household:

No workers : 12,257

1 worker : 6,533

2-person household:

No workers : 12,529

1 worker : 7,388

2 workers : 5,140

3-person household:

No workers : 1,150

1 worker : 2,647

2 workers : 2,604

3 workers : 356

4-or-more-person household:

No workers : 505

1 worker : 3,161

2 workers : 3,334

3 or more workers : 927


(updated 2013)



Means of Transportation To Work
(Indian River County, Florida)

Car, truck, or van:

Drove alone : 41,652

Carpooled:

In 2-person carpool : 3,643

In 3-person carpool : 1,031

In 4-person carpool : 428

In 5- or 6-person carpool : 138

In 7-or-more-person carpool : 152

Public transportation (excluding taxicab):

Bus or trolley bus : 73

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 125

Ferryboat : 0

Taxicab : 28

Motorcycle : 264

Bicycle : 259

Walked : 650

Other means : 399

Worked at home : 2,529


(updated 2013)



Travel Time To Work
(Indian River County, Florida)

Less than 5 minutes : 1,735

5 to 9 minutes : 4,732

10 to 14 minutes : 8,813

15 to 19 minutes : 8,894

20 to 24 minutes : 9,438

25 to 29 minutes : 3,098

30 to 34 minutes : 5,217

35 to 39 minutes : 1,014

40 to 44 minutes : 1,159

45 to 59 minutes : 2,121

60 to 89 minutes : 1,254

90 or more minutes : 1,367


(updated 2013)



Occupations in Indian River County, Florida

Male:


  • Management, Professional, And Related Occupations: 6,160  (25.7%)
  • Service Occupations: 4,475  (18.6%)
  • Sales And Office Occupations: 4,008  (16.7%)
  • Farming, Fishing, And Forestry Occupations 781  (3.3%)
  • Construction, Extraction, And Maintenance Occupations: 5,177  (21.6%)

Female:


  • Management, Professional, And Related Occupations: 6,586  (30.6%)
  • Service Occupations: 5,058  (23.5%)
  • Sales And Office Occupations: 8,360  (38.9%)
  • Farming, Fishing, And Forestry Occupations 414  (1.9%)
  • Construction, Extraction, And Maintenance Occupations: 201  (0.9%)


(updated 2010)





Employment Rate In Indian River County, Florida

Employed: 57,102
Unemployed: 2,494



Minority Owned Firms of 100 or More in
Indian River County, Florida

  • Total Black-owned firms of 100 or more, percent 2002: 2.9%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 1.5%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 4.4%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 22.2%
  • Other: 69%



Water Usage In Indian River County, Florida

Ground Water

 
Fresh 87.36 Mgal/d
Saline 0.00 Mgal/d

Total 87.36 Mgal/d
 

Surface Water

 
Fresh 161.09 Mgal/d
Saline 39.01 Mgal/d

Total 200.10 Mgal/d





There are 676 Farms In Indian River County, Florida


(updated 2008)



Banks In Indian River County, Florida

Pnc Bank, National Association - 8 Branches


    Bank Assets: $2.5b
    Industry Specialization: Commercial Lending
    Total Offices: 2,821

Bank Of America, National Association - 7 Branches


    Bank Assets: $10.1b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Seacoast National Bank - 6 Branches


    Bank Assets: $13.7m
    Industry Specialization: Commercial Lending
    Total Offices: 35

Wells Fargo Bank, National Association - 6 Branches


    Bank Assets: $8.6b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Suntrust Bank - 6 Branches


    Bank Assets: $1b
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

The Oculina Bank - 4 Branches


    Bank Assets: $681.4k
    Industry Specialization: Commercial Lending
    Total Offices: 8

Jpmorgan Chase Bank, National Association - 4 Branches


    Bank Assets: $8b
    Industry Specialization: International
    Total Offices: 5,679

Td Bank, National Association - 3 Branches


    Bank Assets: $658.9m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

Bankunited, National Association - 2 Branches


    Bank Assets: $33.7m
    Industry Specialization: Commercial Lending
    Total Offices: 105

Marine Bank & Trust Company - 2 Branches


    Bank Assets: $302.6k
    Industry Specialization: Commercial Lending
    Total Offices: 2

(updated 2014)







Airports Near Indian River County, Florida

  • Vero Beach Municipal


    (about 3.5 miles in Vero Beach, Florida; Airport Code: VRB)

  • Sebastian Municipal


    (about 8.5 miles in Sebastian, Florida; Airport Code: DQC)

  • St. Lucie County International


    (about 14.5 miles in Fort Pierce, Florida; Airport Code: FPR)

  • Valkaria Airport


    (about 19.5 miles in Malabar, Florida; Airport Code: FL2)

  • Melbourne International


    (about 30.4 miles in Melbourne, Florida; Airport Code: MLB)

  • Melbourne Regional


    (about 30.4 miles in Melbourne, Florida; Airport Code: MLB)

  • Okeechobee County


    (about 38.3 miles in Okeechobee, Florida; Airport Code: OBE)

  • Witham Field


    (about 38.3 miles in Sewalls Point, Florida; Airport Code: SUA)

  • Patrick AFB


    (about 38.7 miles in Canaveral Air Station, Florida; Airport Code: COF)

  • Cape Canaveral AFS


    (about 53.8 miles in Cape Canaveral, Florida; Airport Code: XMR)

  • Cape Canaveral AFS


    (about 53.8 miles in Cape Canaveral, Florida; Airport Code: DQY)

  • Cape Canaveral AFS Skid Strip


    (about 53.8 miles in Cape Canaveral, Florida; Airport Code: DQY)

  • William P Gwinn


    (about 55.6 miles in Jupiter, Florida; Airport Code: XWN)

  • Sebring Regional


    (about 57.0 miles in Sebring, Florida; Airport Code: SEF)

  • Space Center Executive


    (about 60.2 miles in Titusville, Florida; Airport Code: TIX)

  • Space Coast Regional


    (about 60.4 miles in Titusville, Florida; Airport Code: TIX)

  • NASA Shuttle Landing Facility


    (about 65.2 miles in Kennedy Space Center, Florida; Airport Code: NSL)

  • Avon Park Municipal


    (about 66.0 miles in Avon Park, Florida; Airport Code: AVO)

  • Avon Park Executive


    (about 66.2 miles in Avon Park, Florida; Airport Code: AVO)

  • Kissimmee Gateway


    (about 72.7 miles in Kissimmee, Florida; Airport Code: ISM)


(updated 2015)



Modes of Transportation in Indian River County, Florida

Car, Truck, Or Van:

 

Drove Alone

80.44%

Carpooled

12.24%

Public Transportation:

 

Bus Or Trolley Bus

0.26%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.11%

Motorcycle

0.29%

Bicycle

0.70%

Walked

1.29%

Other Means

0.91%

Worked At Home

3.76%



(updated 2010)





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