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Labor Data

  • Indian River County is included in a regional labor market (within an hour’s drive time) consisting of four counties to the north and south with approximately 640,000 workers.
  • Historically, agriculture and tourism are the county’s largest industries. These industries are complimented by an increasing number of firms in the healthcare and professional/scientific industries along with a steady stream of light manufacturing and service sector jobs.
  • Relatively low labor costs and inexpensive building sites, plus the absence of a state income tax, continue to attract industry.
  • The county's average annual wage is $54,317 (excluding benefits) or $26.11 per hour; Florida's average wage is $63,670 or $30.61 per hour.
  • If you are looking for employees, CareerSource Research Coast offers employers a variety of services, many at no charge to the employer, including:  Job Fairs, Employee Screening, and Training for new hires and existing employees.  Call them at 866-482-4473.

INDUSTRY SECTORS

Number of Firms

 

Total Employment

2023 Average Annual Wage

 

2023

2019

  

2023

2019

 

Accommodations, Food Services

319

308

 

5,756

5,508

$26,321 

Agriculture, Forestry, & Fishing

72

70

 

854

1,860

$44,794

Arts, Entertainment, Recreation

106

89

 

2,474

2,275

$42,2223

Construction

753

695

 

4,620

4,438

$51,587

Educational Services

58

45

 

2,944

2,757

$52,312

Finance, Insurance, Real Estate

1,010

555

 

2,840

2,488

$63,370

Health Care, Social Assistance

1,804

554

 

9,840

9,686

$69,625

Information Technology

131

65

 

400

540

$66,065

Manufacturing

166

133

 

2,260

2,283

$51,654

Professional, Scientific, Technical Services

912

615

 

2,820

2,443

$69,559

Public Administration

38

42

 

2,448

2,538

$60,867

Retail

638

657

 

8,807

8,198

$36,062

Transportation and Warehousing

106

95

 

1,190

1,043

$49,235

Wholesale Trade

168

161

 

1,262

865

$111,102

Source: FloridaCommerce, Bureau of Workforce Statistics and Economic Research, 12/2023


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