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Martin County, Florida Economic Analysis


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Economic Analysis

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

12:00 A.M. TO 4:59 A.M.   : 1,017   (2.1%)
5:00 A.M. TO 5:29 A.M.   : 1,059   (2.2%)
5:30 A.M. TO 5:59 A.M.   : 1,749   (3.7%)
6:00 A.M. TO 6:29 A.M.   : 4,489   (9.4%)
6:30 A.M. TO 6:59 A.M.   : 4,893   (10.2%)
7:00 A.M. TO 7:29 A.M.   : 7,343   (15.4%)
7:30 A.M. TO 7:59 A.M.   : 8,625   (18.1%)
8:00 A.M. TO 8:29 A.M.   : 6,382   (13.4%)
8:30 A.M. TO 8:59 A.M.   : 3,095   (6.5%)
9:00 A.M. TO 9:59 A.M.   : 2,885   (6.0%)
10:00 A.M. TO 10:59 A.M.   : 1,204   (2.5%)
11:00 A.M. TO 11:59 A.M.   : 476   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 2,290   (4.8%)
4:00 P.M. TO 11:59 P.M.   : 2,260   (4.7%)


(updated 2010)



Household Size By Vehicles Available
(Martin County, Florida)

1-person household:

No vehicle available : 1,810

1 vehicle available : 15,584

2 vehicles available : 1,633

3 vehicles available : 157

4 or more vehicles available : 90

2-person household:

No vehicle available : 446

1 vehicle available : 8,033

2 vehicles available : 14,334

3 vehicles available : 1,812

4 or more vehicles available : 412

3-person household:

No vehicle available : 82

1 vehicle available : 1,684

2 vehicles available : 3,299

3 vehicles available : 1,747

4 or more vehicles available : 247

4-or-more-person household:

No vehicle available : 447

1 vehicle available : 1,191

2 vehicles available : 3,777

3 vehicles available : 2,319

4 or more vehicles available : 901


(updated 2013)



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

1-person household:

No workers : 12,417

1 worker : 6,857

2-person household:

No workers : 11,771

1 worker : 7,719

2 workers : 5,547

3-person household:

No workers : 1,073

1 worker : 2,253

2 workers : 2,945

3 workers : 788

4-or-more-person household:

No workers : 498

1 worker : 3,523

2 workers : 3,289

3 or more workers : 1,325


(updated 2013)



Means of Transportation To Work
(Martin County, Florida)

Car, truck, or van:

Drove alone : 44,054

Carpooled:

In 2-person carpool : 4,715

In 3-person carpool : 1,091

In 4-person carpool : 299

In 5- or 6-person carpool : 474

In 7-or-more-person carpool : 45

Public transportation (excluding taxicab):

Bus or trolley bus : 33

Streetcar or trolley car (carro publico in Puerto Rico) : 121

Subway or elevated : 20

Railroad : 19

Ferryboat : 0

Taxicab : 49

Motorcycle : 304

Bicycle : 369

Walked : 1,336

Other means : 426

Worked at home : 4,031


(updated 2013)



Travel Time To Work
(Martin County, Florida)

Less than 5 minutes : 2,215

5 to 9 minutes : 6,246

10 to 14 minutes : 7,939

15 to 19 minutes : 8,856

20 to 24 minutes : 7,085

25 to 29 minutes : 3,266

30 to 34 minutes : 7,069

35 to 39 minutes : 1,753

40 to 44 minutes : 2,110

45 to 59 minutes : 3,430

60 to 89 minutes : 1,893

90 or more minutes : 1,493


(updated 2013)



Occupations in Martin County, Florida

Male:


  • Management, Professional, And Related Occupations: 8,417  (30.0%)
  • Service Occupations: 4,950  (17.6%)
  • Sales And Office Occupations: 4,946  (17.6%)
  • Farming, Fishing, And Forestry Occupations 518  (1.8%)
  • Construction, Extraction, And Maintenance Occupations: 5,549  (19.8%)

Female:


  • Management, Professional, And Related Occupations: 8,341  (36.3%)
  • Service Occupations: 4,555  (19.8%)
  • Sales And Office Occupations: 9,001  (39.2%)
  • Farming, Fishing, And Forestry Occupations 165  (0.7%)
  • Construction, Extraction, And Maintenance Occupations: 148  (0.6%)


(updated 2010)





Employment Rate In Martin County, Florida

Employed: 63,601
Unemployed: 2,265



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

  • Total Black-owned firms of 100 or more, percent 2002: 2.0%
  • 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: 4.5%
  • 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: 26.3%
  • Other: 67.2%



Water Usage In Martin County, Florida

Ground Water

 
Fresh 43.23 Mgal/d
Saline 0.00 Mgal/d

Total 43.23 Mgal/d
 

Surface Water

 
Fresh 155.27 Mgal/d
Saline 0.00 Mgal/d

Total 155.27 Mgal/d





There are 339 Farms In Martin County, Florida


(updated 2008)



Banks In Martin County, Florida

Wells Fargo Bank, National Association - 9 Branches


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

Seacoast National Bank - 8 Branches


    Bank Assets: $18.3m
    Industry Specialization: Commercial Lending
    Total Offices: 35

Pnc Bank, National Association - 6 Branches


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

Bank Of America, National Association - 5 Branches


    Bank Assets: $7.2b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Suntrust Bank - 5 Branches


    Bank Assets: $891.8m
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Jpmorgan Chase Bank, National Association - 5 Branches


    Bank Assets: $10b
    Industry Specialization: International
    Total Offices: 5,679

Branch Banking And Trust Company - 5 Branches


    Bank Assets: $918.1m
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Harbor Community Bank - 3 Branches


    Bank Assets: $2m
    Industry Specialization: Commercial Lending
    Total Offices: 18

Bankunited, National Association - 3 Branches


    Bank Assets: $50.5m
    Industry Specialization: Commercial Lending
    Total Offices: 105

Td Bank, National Association - 3 Branches


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

(updated 2014)







Airports Near Martin County, Florida

  • Witham Field


    (about 3.9 miles in Sewalls Point, Florida; Airport Code: SUA)

  • William P Gwinn


    (about 16.8 miles in Jupiter, Florida; Airport Code: XWN)

  • St. Lucie County International


    (about 26.2 miles in Fort Pierce, Florida; Airport Code: FPR)

  • Palm Beach International


    (about 32.7 miles in Cloud Lake, Florida; Airport Code: PBI)

  • Vero Beach Municipal


    (about 37.5 miles in Vero Beach, Florida; Airport Code: VRB)

  • Okeechobee County


    (about 37.7 miles in Okeechobee, Florida; Airport Code: OBE)

  • Sebastian Municipal


    (about 49.2 miles in Sebastian, Florida; Airport Code: DQC)

  • Boca Raton Public


    (about 53.4 miles in Boca Raton, Florida; Airport Code: BCT)

  • Airglades


    (about 56.1 miles in Lake Harbor, Florida; Airport Code: FL6)

  • Valkaria Airport


    (about 60.3 miles in Malabar, Florida; Airport Code: FL2)

  • Pompano Beach Airpark


    (about 61.9 miles in Pompano Beach, Florida; Airport Code: PPM)

  • Fort Lauderdale Executive


    (about 64.8 miles in Fort Lauderdale, Florida; Airport Code: FXE)

  • Sebring Regional


    (about 70.3 miles in Sebring, Florida; Airport Code: SEF)

  • Melbourne Regional


    (about 71.1 miles in Melbourne, Florida; Airport Code: MLB)

  • Melbourne International


    (about 71.1 miles in Melbourne, Florida; Airport Code: MLB)

  • Fort Lauderdale-Hollywood International


    (about 73.4 miles in Fort Lauderdale, Florida; Airport Code: FLL)

  • Patrick AFB


    (about 79.4 miles in Canaveral Air Station, Florida; Airport Code: COF)

  • Avon Park Municipal


    (about 84.2 miles in Avon Park, Florida; Airport Code: AVO)

  • Avon Park Executive


    (about 84.3 miles in Avon Park, Florida; Airport Code: AVO)

  • Opa-locka Executive


    (about 84.6 miles in Miami Gardens, Florida; Airport Code: OPF)


(updated 2015)



Modes of Transportation in Martin County, Florida

Car, Truck, Or Van:

 

Drove Alone

79.18%

Carpooled

12.12%

Public Transportation:

 

Bus Or Trolley Bus

0.19%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.08%

Ferryboat

0.0%

Taxicab

0.10%

Motorcycle

0.41%

Bicycle

0.77%

Walked

1.36%

Other Means

0.87%

Worked At Home

4.92%



(updated 2010)





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