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Polk County, Florida Economic Analysis


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Economic Analysis

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

12:00 A.M. TO 4:59 A.M.   : 8,635   (4.4%)
5:00 A.M. TO 5:29 A.M.   : 7,280   (3.7%)
5:30 A.M. TO 5:59 A.M.   : 10,194   (5.1%)
6:00 A.M. TO 6:29 A.M.   : 20,641   (10.4%)
6:30 A.M. TO 6:59 A.M.   : 23,638   (11.9%)
7:00 A.M. TO 7:29 A.M.   : 31,149   (15.7%)
7:30 A.M. TO 7:59 A.M.   : 32,670   (16.5%)
8:00 A.M. TO 8:29 A.M.   : 17,689   (8.9%)
8:30 A.M. TO 8:59 A.M.   : 7,408   (3.7%)
9:00 A.M. TO 9:59 A.M.   : 8,248   (4.2%)
10:00 A.M. TO 10:59 A.M.   : 3,523   (1.8%)
11:00 A.M. TO 11:59 A.M.   : 1,873   (0.9%)
12:00 P.M. TO 3:59 P.M.   : 12,142   (6.1%)
4:00 P.M. TO 11:59 P.M.   : 13,045   (6.6%)


(updated 2010)



Household Size By Vehicles Available
(Polk County, Florida)

1-person household:

No vehicle available : 9,228

1 vehicle available : 40,804

2 vehicles available : 5,876

3 vehicles available : 464

4 or more vehicles available : 155

2-person household:

No vehicle available : 3,228

1 vehicle available : 33,473

2 vehicles available : 39,559

3 vehicles available : 5,787

4 or more vehicles available : 1,391

3-person household:

No vehicle available : 1,440

1 vehicle available : 8,893

2 vehicles available : 14,220

3 vehicles available : 6,394

4 or more vehicles available : 814

4-or-more-person household:

No vehicle available : 1,812

1 vehicle available : 11,248

2 vehicles available : 20,689

3 vehicles available : 8,666

4 or more vehicles available : 4,290


(updated 2013)



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

1-person household:

No workers : 33,681

1 worker : 22,846

2-person household:

No workers : 36,089

1 worker : 27,223

2 workers : 20,126

3-person household:

No workers : 5,524

1 worker : 12,418

2 workers : 10,900

3 workers : 2,919

4-or-more-person household:

No workers : 4,302

1 worker : 16,987

2 workers : 18,296

3 or more workers : 7,120


(updated 2013)



Means of Transportation To Work
(Polk County, Florida)

Car, truck, or van:

Drove alone : 189,103

Carpooled:

In 2-person carpool : 18,998

In 3-person carpool : 3,650

In 4-person carpool : 905

In 5- or 6-person carpool : 597

In 7-or-more-person carpool : 355

Public transportation (excluding taxicab):

Bus or trolley bus : 1,034

Streetcar or trolley car (carro publico in Puerto Rico) : 43

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 827

Bicycle : 791

Walked : 2,961

Other means : 3,359

Worked at home : 8,666


(updated 2013)



Travel Time To Work
(Polk County, Florida)

Less than 5 minutes : 5,788

5 to 9 minutes : 18,060

10 to 14 minutes : 28,782

15 to 19 minutes : 40,352

20 to 24 minutes : 36,455

25 to 29 minutes : 15,155

30 to 34 minutes : 28,104

35 to 39 minutes : 5,506

40 to 44 minutes : 8,725

45 to 59 minutes : 19,847

60 to 89 minutes : 10,914

90 or more minutes : 4,935


(updated 2013)



Occupations in Polk County, Florida

Male:


  • Management, Professional, And Related Occupations: 24,828  (22.3%)
  • Service Occupations: 15,009  (13.5%)
  • Sales And Office Occupations: 18,659  (16.8%)
  • Farming, Fishing, And Forestry Occupations 2,922  (2.6%)
  • Construction, Extraction, And Maintenance Occupations: 23,596  (21.2%)

Female:


  • Management, Professional, And Related Occupations: 29,322  (30.8%)
  • Service Occupations: 19,530  (20.5%)
  • Sales And Office Occupations: 37,341  (39.3%)
  • Farming, Fishing, And Forestry Occupations 1,135  (1.2%)
  • Construction, Extraction, And Maintenance Occupations: 800  (0.8%)


(updated 2010)





Amtrak Stations in Polk County, Florida

Rail Station(s)


    600 Lake Mirror Drive
    Lakeland, Florida 33801

    600 Lake Mirror Dr
    Lakeland, Florida 33801

    1800 7th St SW
    Winter Haven, Florida 33880

    1800 7th St SW
    Winter Haven, Florida 33880

    1800 7th St SW
    Winter Haven, Florida 33880

(updated 2008)



Employment Rate In Polk County, Florida

Employed: 259,755
Unemployed: 9,364



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

  • Total Black-owned firms of 100 or more, percent 2002: 4.9%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.9%
  • Total Asian-owned firms of 100 or more, percent 2002: 2.7%
  • 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: 24.1%
  • Other: 63%



Water Usage In Polk County, Florida

Ground Water

 
Fresh 328.88 Mgal/d
Saline 0.00 Mgal/d

Total 328.88 Mgal/d
 

Surface Water

 
Fresh 33.73 Mgal/d
Saline 0.00 Mgal/d

Total 33.73 Mgal/d





There are 3,336 Farms In Polk County, Florida


(updated 2008)



Banks In Polk County, Florida

Wells Fargo Bank, National Association - 23 Branches


    Bank Assets: $33b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Suntrust Bank - 20 Branches


    Bank Assets: $3.5b
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Centerstate Bank Of Florida, National Association - 12 Branches


    Bank Assets: $46.6m
    Industry Specialization: Commercial Lending
    Total Offices: 68

Citizens Bank And Trust - 12 Branches


    Bank Assets: $5.4m
    Industry Specialization: Commercial Lending
    Total Offices: 12

Bank Of America, National Association - 12 Branches


    Bank Assets: $17.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Branch Banking And Trust Company - 10 Branches


    Bank Assets: $1.8b
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Regions Bank - 6 Branches


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

Td Bank, National Association - 6 Branches


    Bank Assets: $1.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

Jpmorgan Chase Bank, National Association - 5 Branches


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

Bank Of Central Florida - 4 Branches


    Bank Assets: $1.3m
    Industry Specialization: Commercial Lending
    Total Offices: 4

(updated 2014)







Airports Near Polk County, Florida

  • Bartow Municipal


    (about 3.7 miles in Eloise, Florida; Airport Code: BOW)

  • Lakeland Municipal


    (about 15.6 miles in Lakeland, Florida; Airport Code: LAL)

  • Lakeland Linder Regional


    (about 15.9 miles in Lakeland, Florida; Airport Code: LAL)

  • Kissimmee Gateway


    (about 28.4 miles in Kissimmee, Florida; Airport Code: ISM)

  • Zephyrhills Municipal


    (about 29.2 miles in Zephyrhills, Florida; Airport Code: FL1)

  • Walt Disney World


    (about 29.9 miles in Lake Buena Vista, Florida; Airport Code: DWS)

  • Avon Park Municipal


    (about 31.0 miles in Avon Park, Florida; Airport Code: AVO)

  • Avon Park Executive


    (about 31.1 miles in Avon Park, Florida; Airport Code: AVO)

  • Orlando International


    (about 40.2 miles in Orlando, Florida; Airport Code: MCO)

  • Peter O'Knight


    (about 42.4 miles in Tampa, Florida; Airport Code: TPF)

  • Sebring Regional


    (about 45.1 miles in Sebring, Florida; Airport Code: SEF)

  • Herndon


    (about 46.0 miles in Orlando, Florida; Airport Code: ORL)

  • Executive


    (about 46.2 miles in Orlando, Florida; Airport Code: ORL)

  • Tampa International


    (about 47.4 miles in Tampa, Florida; Airport Code: TPA)

  • Macdill AFB


    (about 47.6 miles in Macdill Afb, Florida; Airport Code: MCF)

  • Hernando County


    (about 53.9 miles in Brooksville, Florida; Airport Code: JZQ)

  • Albert Whitted


    (about 55.2 miles in Saint Petersburg, Florida; Airport Code: SPG)

  • St. Petersburg-Clearwater International


    (about 56.9 miles in Clearwater, Florida; Airport Code: PIE)

  • St Pete Clearwater International


    (about 57.0 miles in Clearwater, Florida; Airport Code: PIE)

  • Leesburg International


    (about 57.4 miles in Leesburg, Florida; Airport Code: LEE)


(updated 2015)



Modes of Transportation in Polk County, Florida

Car, Truck, Or Van:

 

Drove Alone

79.89%

Carpooled

14.31%

Public Transportation:

 

Bus Or Trolley Bus

0.68%

Streetcar Or Trolley Car

0.01%

Subway Or Elevated

0.01%

Railroad

0.01%

Ferryboat

0.00%

Taxicab

0.03%

Motorcycle

0.23%

Bicycle

0.36%

Walked

1.41%

Other Means

0.99%

Worked At Home

2.08%



(updated 2010)





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