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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 $55,938 (excluding benefits) or $26.89 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.  They can also assist in securing funds to offset the cost of training new and incumbent workers. Call them at 866-482-4473.

INDUSTRY SECTORS

Number of Firms

 

Total Employment

2023 Average Annual Wage

 

2023

2019

  

2023

2019

 

Accommodations, Food Services

332

308

 

5,864

5,508

$28,104 

Agriculture, Forestry, & Fishing

66

70

 

780

1,860

$47,286

Arts, Entertainment, Recreation

107

89

 

2,688

2,275

$43,648

Construction

716

695

 

4,816

4,438

$56,373

Educational Services

62

45

 

3,068

2,757

$52,835

Finance, Insurance, Real Estate

299

555

 

1,543

2,488

$131,717

Health Care, Social Assistance

655

554

 

10,270

9,686

$64,027

Information Technology

83

65

 

401

540

$84,430

Manufacturing

156

133

 

2,616

2,283

$62,819

Professional, Scientific, Technical Services

795

615

 

2,808

2,443

$92,832

Public Administration

36

42

 

2,475

2,538

$64,909

Retail

643

657

 

8,885

8,198

$36,505

Transportation and Warehousing

104

95

 

1,180

1,043

$51,478

Wholesale Trade

182

161

 

1,348

865

$116,985

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


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