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Lake County, Florida Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Lake 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 Lake County, Florida

12:00 A.M. TO 4:59 A.M.   : 3,174   (4.0%)
5:00 A.M. TO 5:29 A.M.   : 2,356   (3.0%)
5:30 A.M. TO 5:59 A.M.   : 3,960   (5.0%)
6:00 A.M. TO 6:29 A.M.   : 7,618   (9.7%)
6:30 A.M. TO 6:59 A.M.   : 8,921   (11.3%)
7:00 A.M. TO 7:29 A.M.   : 12,456   (15.8%)
7:30 A.M. TO 7:59 A.M.   : 12,406   (15.7%)
8:00 A.M. TO 8:29 A.M.   : 9,485   (12.0%)
8:30 A.M. TO 8:59 A.M.   : 3,700   (4.7%)
9:00 A.M. TO 9:59 A.M.   : 3,873   (4.9%)
10:00 A.M. TO 10:59 A.M.   : 1,671   (2.1%)
11:00 A.M. TO 11:59 A.M.   : 787   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 4,620   (5.9%)
4:00 P.M. TO 11:59 P.M.   : 3,803   (4.8%)


(updated 2010)



Household Size By Vehicles Available
(Lake County, Florida)

1-person household:

No vehicle available : 4,265

1 vehicle available : 22,459

2 vehicles available : 2,035

3 vehicles available : 488

4 or more vehicles available : 70

2-person household:

No vehicle available : 793

1 vehicle available : 21,466

2 vehicles available : 23,118

3 vehicles available : 3,962

4 or more vehicles available : 599

3-person household:

No vehicle available : 617

1 vehicle available : 3,258

2 vehicles available : 8,539

3 vehicles available : 3,462

4 or more vehicles available : 583

4-or-more-person household:

No vehicle available : 694

1 vehicle available : 3,125

2 vehicles available : 9,908

3 vehicles available : 4,751

4 or more vehicles available : 2,511


(updated 2013)



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

1-person household:

No workers : 20,101

1 worker : 9,216

2-person household:

No workers : 24,016

1 worker : 14,263

2 workers : 11,659

3-person household:

No workers : 2,526

1 worker : 5,741

2 workers : 6,851

3 workers : 1,341

4-or-more-person household:

No workers : 1,585

1 worker : 7,044

2 workers : 8,379

3 or more workers : 3,981


(updated 2013)



Means of Transportation To Work
(Lake County, Florida)

Car, truck, or van:

Drove alone : 93,167

Carpooled:

In 2-person carpool : 10,130

In 3-person carpool : 1,788

In 4-person carpool : 1,123

In 5- or 6-person carpool : 392

In 7-or-more-person carpool : 471

Public transportation (excluding taxicab):

Bus or trolley bus : 147

Streetcar or trolley car (carro publico in Puerto Rico) : 21

Subway or elevated : 61

Railroad : 0

Ferryboat : 0

Taxicab : 26

Motorcycle : 954

Bicycle : 385

Walked : 1,365

Other means : 747

Worked at home : 5,103


(updated 2013)



Travel Time To Work
(Lake County, Florida)

Less than 5 minutes : 2,852

5 to 9 minutes : 9,974

10 to 14 minutes : 15,260

15 to 19 minutes : 15,191

20 to 24 minutes : 14,822

25 to 29 minutes : 6,723

30 to 34 minutes : 13,854

35 to 39 minutes : 3,597

40 to 44 minutes : 4,246

45 to 59 minutes : 14,927

60 to 89 minutes : 6,725

90 or more minutes : 2,606


(updated 2013)



Occupations in Lake County, Florida

Male:


  • Management, Professional, And Related Occupations: 11,312  (25.4%)
  • Service Occupations: 7,245  (16.3%)
  • Sales And Office Occupations: 7,699  (17.3%)
  • Farming, Fishing, And Forestry Occupations 999  (2.2%)
  • Construction, Extraction, And Maintenance Occupations: 9,759  (22.0%)

Female:


  • Management, Professional, And Related Occupations: 12,400  (32.3%)
  • Service Occupations: 7,960  (20.7%)
  • Sales And Office Occupations: 14,720  (38.4%)
  • Farming, Fishing, And Forestry Occupations 541  (1.4%)
  • Construction, Extraction, And Maintenance Occupations: 470  (1.2%)


(updated 2010)





Employment Rate In Lake County, Florida

Employed: 119,036
Unemployed: 4,090



Minority Owned Firms of 100 or More in
Lake County, Florida

  • Total Black-owned firms of 100 or more, percent 2002: 4.3%
  • 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: 1.9%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 3.4%
  • 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: 28.3%
  • Other: 62.1%



Water Usage In Lake County, Florida

Ground Water

 
Fresh 89.74 Mgal/d
Saline 0.00 Mgal/d

Total 89.74 Mgal/d
 

Surface Water

 
Fresh 9.77 Mgal/d
Saline 0.00 Mgal/d

Total 9.77 Mgal/d





There are 2,069 Farms In Lake County, Florida


(updated 2008)



Banks In Lake County, Florida

Branch Banking And Trust Company - 13 Branches


    Bank Assets: $2.3b
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Suntrust Bank - 12 Branches


    Bank Assets: $2.1b
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

United Southern Bank - 12 Branches


    Bank Assets: $4.8m
    Industry Specialization: Commercial Lending
    Total Offices: 22

Wells Fargo Bank, National Association - 9 Branches


    Bank Assets: $12.9b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Bank Of America, National Association - 8 Branches


    Bank Assets: $11.6b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Pnc Bank, National Association - 6 Branches


    Bank Assets: $1.8b
    Industry Specialization: Commercial Lending
    Total Offices: 2,821

Regions Bank - 6 Branches


    Bank Assets: $707.7m
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

The First National Bank Of Mount Dora - 5 Branches


    Bank Assets: $1m
    Industry Specialization: All Other < $1 Billion
    Total Offices: 5

Trustco Bank - 5 Branches


    Bank Assets: $22.9m
    Industry Specialization: Mortgage Lending
    Total Offices: 141

Jpmorgan Chase Bank, National Association - 4 Branches


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

(updated 2014)







Airports Near Lake County, Florida

  • Leesburg International


    (about 4.1 miles in Leesburg, Florida; Airport Code: LEE)

  • Leesburg Municipal


    (about 4.2 miles in Leesburg, Florida; Airport Code: LEE)

  • Herndon


    (about 30.4 miles in Orlando, Florida; Airport Code: ORL)

  • Executive


    (about 30.5 miles in Orlando, Florida; Airport Code: ORL)

  • Sanford NAS


    (about 30.8 miles in Sanford, Florida; Airport Code: SFB)

  • Walt Disney World


    (about 30.9 miles in Lake Buena Vista, Florida; Airport Code: DWS)

  • Orlando Sanford International


    (about 30.9 miles in Sanford, Florida; Airport Code: SFB)

  • Orlando International


    (about 35.9 miles in Orlando, Florida; Airport Code: MCO)

  • Ocala International-Jim Taylor Field


    (about 38.8 miles in Ocala, Florida; Airport Code: OCF)

  • Ocala Municipal


    (about 39.1 miles in Ocala, Florida; Airport Code: OCF)

  • Kissimmee Gateway


    (about 39.7 miles in Kissimmee, Florida; Airport Code: ISM)

  • Zephyrhills Municipal


    (about 46.4 miles in Zephyrhills, Florida; Airport Code: FL1)

  • Hernando County


    (about 48.4 miles in Brooksville, Florida; Airport Code: JZQ)

  • Daytona Beach Regional


    (about 49.8 miles in Daytona Beach, Florida; Airport Code: DAB)

  • Daytona Beach International


    (about 49.8 miles in Daytona Beach, Florida; Airport Code: DAB)

  • New Smyrna Beach Municipal


    (about 51.5 miles in New Smyrna, Florida; Airport Code: DQN)

  • Flagler County


    (about 56.7 miles in Palm Coast, Florida; Airport Code: FL4)

  • Lakeland Municipal


    (about 58.1 miles in Lakeland, Florida; Airport Code: LAL)

  • Lakeland Linder Regional


    (about 58.1 miles in Lakeland, Florida; Airport Code: LAL)

  • Williston Municipal


    (about 58.3 miles in Williston, Florida; Airport Code: FL5)


(updated 2015)



Modes of Transportation in Lake County, Florida

Car, Truck, Or Van:

 

Drove Alone

80.60%

Carpooled

12.75%

Public Transportation:

 

Bus Or Trolley Bus

0.13%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.01%

Railroad

0.07%

Ferryboat

0.01%

Taxicab

0.21%

Motorcycle

0.27%

Bicycle

0.30%

Walked

1.39%

Other Means

1.03%

Worked At Home

3.23%



(updated 2010)





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