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Madison County, Florida Economic Analysis


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Economic Analysis

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

12:00 A.M. TO 4:59 A.M.   : 288   (4.4%)
5:00 A.M. TO 5:29 A.M.   : 221   (3.4%)
5:30 A.M. TO 5:59 A.M.   : 339   (5.2%)
6:00 A.M. TO 6:29 A.M.   : 770   (11.8%)
6:30 A.M. TO 6:59 A.M.   : 908   (13.9%)
7:00 A.M. TO 7:29 A.M.   : 996   (15.2%)
7:30 A.M. TO 7:59 A.M.   : 1,004   (15.3%)
8:00 A.M. TO 8:29 A.M.   : 419   (6.4%)
8:30 A.M. TO 8:59 A.M.   : 186   (2.8%)
9:00 A.M. TO 9:59 A.M.   : 188   (2.9%)
10:00 A.M. TO 10:59 A.M.   : 82   (1.3%)
11:00 A.M. TO 11:59 A.M.   : 79   (1.2%)
12:00 P.M. TO 3:59 P.M.   : 632   (9.7%)
4:00 P.M. TO 11:59 P.M.   : 429   (6.6%)


(updated 2010)



Means Of Transportation
(Madison County, Florida)

Car, truck, or van:

Drove alone : 5,209

Carpooled:

In 2-person carpool : 689

In 3-person carpool : 193

In 4-person carpool : 174

In 5- or 6-person carpool : 13

In 7-or-more-person carpool : 10

Public transportation (excluding taxicab):

Bus or trolley bus : 3

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

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 35

Motorcycle : 8

Bicycle : 21

Walked : 167

Other means : 402

Worked at home : 131


(updated 2009)



Travel Time To Work
(Madison County, Florida)

Less than 5 minutes : 555

5 to 9 minutes : 674

10 to 14 minutes : 991

15 to 19 minutes : 1,047

20 to 24 minutes : 1,060

25 to 29 minutes : 262

30 to 34 minutes : 830

35 to 39 minutes : 311

40 to 44 minutes : 156

45 to 59 minutes : 508

60 to 89 minutes : 367

90 or more minutes : 163


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Madison County, Florida)

With Social Security income : 2,268

No Social Security income : 4,346


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Madison County, Florida)

With retirement income : 1,167

No retirement income : 5,447


(updated 2009)



Family Income (Annual)
(Madison County, Florida)

Less than $10,000 : 233

$10,000 to $14,999 : 242

$15,000 to $19,999 : 284

$20,000 to $24,999 : 287

$25,000 to $29,999 : 346

$30,000 to $34,999 : 500

$35,000 to $39,999 : 358

$40,000 to $44,999 : 170

$45,000 to $49,999 : 434

$50,000 to $59,999 : 501

$60,000 to $74,999 : 433

$75,000 to $99,999 : 419

$100,000 to $124,999 : 212

$125,000 to $149,999 : 88

$150,000 to $199,999 : 67

$200,000 or more : 108


(updated 2009)



Median Family Income (Annual)
(Madison County, Florida)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $42,031


(updated 2009)



Occupations in Madison County, Florida

Male:


  • Management, Professional, And Related Occupations: 709  (19.4%)
  • Service Occupations: 658  (18.0%)
  • Sales And Office Occupations: 426  (11.7%)
  • Farming, Fishing, And Forestry Occupations 155  (4.2%)
  • Construction, Extraction, And Maintenance Occupations: 735  (20.1%)

Female:


  • Management, Professional, And Related Occupations: 921  (28.0%)
  • Service Occupations: 742  (22.6%)
  • Sales And Office Occupations: 918  (27.9%)
  • Farming, Fishing, And Forestry Occupations 49  (1.5%)
  • Construction, Extraction, And Maintenance Occupations: 25  (0.8%)


(updated 2010)





Amtrak Stations in Madison County, Florida

Rail Station(s)


    1000 South Range Street
    Madison, Florida 32340

(updated 2008)



Employment Rate In Madison County, Florida

Employed: 7,061
Unemployed: 370



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

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • 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: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • 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: 0.0%
  • Other: 100%



Water Usage In Madison County, Florida

Ground Water

 
Fresh 8.96 Mgal/d
Saline 0.00 Mgal/d

Total 8.96 Mgal/d
 

Surface Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d





There are 489 Farms In Madison County, Florida


(updated 2008)



Banks In Madison County, Florida

Bank Of America, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Wells Fargo Bank, National Association - 1 Branches


    Bank Assets: $1.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Capital City Bank - 1 Branches


    Bank Assets: $2.5m
    Industry Specialization: Commercial Lending
    Total Offices: 79

Citizens State Bank - 1 Branches


    Bank Assets: $221k
    Industry Specialization: Commercial Lending
    Total Offices: 100

Madison County Community Bank - 1 Branches


    Bank Assets: $108.9k
    Industry Specialization: All Other < $1 Billion
    Total Offices: 1

(updated 2014)







Airports Near Madison County, Florida

  • Valdosta Regional


    (about 25.0 miles in Clyattville, Georgia; Airport Code: VLD)

  • Perry-Foley


    (about 27.5 miles in Perry, Florida; Airport Code: FPY)

  • Moody AFB


    (about 38.8 miles in Moody Afb, Georgia; Airport Code: VAD)

  • Thomasville Regional


    (about 41.6 miles in Thomasville, Georgia; Airport Code: TVI)

  • Moultrie Thomasville


    (about 48.7 miles in Coolidge, Georgia; Airport Code: MGR)

  • Moultrie/Thomasville Airport


    (about 48.7 miles in Coolidge, Georgia; Airport Code: MGR)

  • Spence


    (about 50.7 miles in Moultrie, Georgia; Airport Code: MUL)

  • Lake City Municipal


    (about 53.6 miles in Lake City, Florida; Airport Code: XXW)

  • Lake City Gateway


    (about 53.8 miles in Lake City, Florida; Airport Code: XXW)

  • Tallahassee Regional


    (about 55.3 miles in Tallahassee, Florida; Airport Code: TLH)

  • Cross City Airport


    (about 59.1 miles in Old Town, Florida; Airport Code: CTY)

  • Henry Tift Myers


    (about 68.4 miles in Tifton, Georgia; Airport Code: TMA)

  • Decatur County Industrial Air Park


    (about 80.7 miles in Brinson, Georgia; Airport Code: BGE)

  • Waycross-Ware County


    (about 82.6 miles in Waycross, Georgia; Airport Code: AYS)

  • Waycross Ga


    (about 82.6 miles in Waycross, Georgia; Airport Code: AYS)

  • Gainesville Regional


    (about 86.5 miles in Gainesville, Florida; Airport Code: GNV)

  • Southwest Georgia Regional


    (about 88.0 miles in Albany, Georgia; Airport Code: ABY)

  • Cecil Field


    (about 93.6 miles in Cecil Field, Florida; Airport Code: NZC)

  • Cecil


    (about 93.6 miles in Cecil Field, Florida; Airport Code: NZC)

  • Williston Municipal


    (about 94.5 miles in Williston, Florida; Airport Code: FL5)


(updated 2015)



Modes of Transportation in Madison County, Florida

Car, Truck, Or Van:

 

Drove Alone

76.48%

Carpooled

15.47%

Public Transportation:

 

Bus Or Trolley Bus

0.09%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.13%

Bicycle

0.31%

Walked

2.66%

Other Means

1.96%

Worked At Home

2.89%



(updated 2010)





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