Demographic Profile



Economic OverviewHancock County, Mississippi219410243180000leftbottom00 TOC \O "1-3" \H \Z \U Demographic Profile PAGEREF _Toc60908677 \h 3Employment Trends PAGEREF _Toc60908678 \h 5Unemployment Rate PAGEREF _Toc60908679 \h 5Wage Trends PAGEREF _Toc60908680 \h 6Cost of Living Index PAGEREF _Toc60908681 \h 7Industry Snapshot PAGEREF _Toc60908682 \h 8Occupation Snapshot PAGEREF _Toc60908683 \h 10Industry Clusters PAGEREF _Toc60908684 \h 12Education Levels PAGEREF _Toc60908685 \h 13Gross Domestic Product PAGEREF _Toc60908686 \h 14Hancock County, Mississippi Regional Map PAGEREF _Toc60908687 \h 15FAQ PAGEREF _Toc60908688 \h 16Demographic ProfileThe population in Hancock County, Mississippi was 46,653 per American Community Survey data for 2014-2018. The region has a civilian labor force of 20,719 with a participation rate of 54.8%. Of individuals 25 to 64 in Hancock County, Mississippi, 23.9% have a bachelor’s degree or higher which compares with 32.9% in the nation. The median household income in Hancock County, Mississippi is $47,543 and the median house value is $144,400. Summary1PercentValueHancock County, MississippiMississippiUSAHancock County, MississippiMississippiUSADemographicsPopulation (ACS)———46,6532,988,762322,903,030Male48.8%48.5%49.2%22,7791,450,379158,984,190Female51.2%51.5%50.8%23,8741,538,383163,918,840Median Age2———44.037.237.9Under 18 Years21.3%24.1%22.8%9,939720,30873,553,24018 to 24 Years7.6%10.1%9.6%3,545301,14030,903,71925 to 34 Years11.3%13.0%13.8%5,262388,76344,567,97635 to 44 Years11.8%12.4%12.6%5,485370,91440,763,21045 to 54 Years14.4%12.7%13.2%6,729378,27342,589,57355 to 64 Years14.5%12.7%12.8%6,752379,88641,286,73165 to 74 Years11.7%8.9%8.8%5,464265,52128,535,41975 Years, and Over7.5%6.2%6.4%3,477183,95720,703,162Race: White87.3%58.6%72.7%40,7091,751,193234,904,818Race: Black or African American8.1%37.7%12.7%3,7761,125,83440,916,113Race: American Indian and Alaska Native0.6%0.5%0.8%27213,6892,699,073Race: Asian0.7%0.9%5.4%33228,31317,574,550Race: Native Hawaiian and Other Pacific Islander0.0%0.0%0.2%0707582,718Race: Some Other Race0.8%1.0%4.9%38528,83315,789,961Race: Two or More Races2.5%1.3%3.2%1,17940,19310,435,797Hispanic or Latino (of any race)3.8%3.0%17.8%1,79290,49357,517,935Population GrowthPopulation (Pop Estimates)4———47,6322,976,149328,239,523Population Annual Average Growth40.9%0.1%0.7%4161,7382,146,799People per Square Mile———100.563.492.9EconomicLabor Force Participation Rate and Size (civilian population 16 years and over)554.8%57.2%63.2%20,7191,338,573162,248,196Prime-Age Labor Force Participation Rate and Size (civilian population 25-54)577.8%76.6%81.8%13,495867,939104,136,254Armed Forces Labor Force50.4%0.5%0.4%14910,7671,028,133Veterans, Age 18-6457.2%5.1%4.7%1,98991,8629,398,789Veterans Labor Force Participation Rate and Size, Age 18-64572.9%72.7%76.3%1,45066,7547,168,168Median Household Income2,5———$47,543$43,567$60,293Per Capita Income5———$26,659$23,434$32,621Mean Commute Time (minutes)5———29.624.626.6Commute via Public Transportation50.3%0.3%5.0%503,3937,602,145Educational Attainment, Age 25-64No High School Diploma12.5%14.1%11.2%3,035213,59518,885,967High School Graduate26.1%29.8%25.8%6,333452,17943,699,272Some College, No Degree26.7%23.2%21.0%6,480351,61335,525,113Associate's Degree10.7%10.6%9.1%2,590160,38915,389,737Bachelor's Degree15.3%14.3%20.8%3,704217,55135,261,652Postgraduate Degree8.6%8.1%12.1%2,086122,50920,445,749HousingTotal Housing Units———24,8181,316,108136,384,292Median House Value (of owner-occupied units)2———$144,400$114,500$204,900Homeowner Vacancy3.8%2.0%1.7%57915,7711,304,850Rental Vacancy17.4%9.5%6.0%1,06137,6252,822,053Renter-Occupied Housing Units (% of Occupied Units)25.4%31.8%36.2%4,964351,55843,285,318Occupied Housing Units with No Vehicle Available (% of Occupied Units)55.6%6.5%8.7%1,08871,85110,424,934SocialPoverty Level (of all people)517.9%20.8%14.1%8,316599,79544,257,979Households Receiving Food Stamps/SNAP16.6%16.5%12.2%3,236182,08814,635,287Enrolled in Grade 12 (% of total population)1.4%1.3%1.4%65039,4994,442,295Disconnected Youth3,51.8%4.1%2.6%406,946438,452Children in Single Parent Families (% of all children)541.7%45.8%34.3%3,761307,27123,973,249Uninsured14.4%12.7%9.4%6,685370,35729,752,767With a Disability, Age 18-64518.7%14.7%10.3%5,159260,09020,240,504With a Disability, Age 18-64, Labor Force Participation Rate and Size537.7%33.4%41.6%1,94786,9748,421,018Foreign Born1.9%2.3%13.5%89469,75243,539,499Speak English Less Than Very Well (population 5 yrs and over)1.2%1.6%8.5%52245,32225,647,781Source: JobsEQ?1. American Community Survey 2014-2018, unless noted otherwise2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties.3. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force.4. Census 2019, annual average growth rate since 20095. See Rio Arriba errata note in the Data Dictionary.Employment TrendsAs of 2020Q2, total employment for Hancock County, Mississippi was 14,955 (based on a four-quarter moving average). Over the year ending 2020Q2, employment declined 6.3% in the region. Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q4 with preliminary estimates updated to 2020Q2. Unemployment RateThe unemployment rate for Hancock County, Mississippi was 6.4% as of November 2020. The regional unemployment rate was the same as the national rate of 6.4%. One year earlier, in November 2019, the unemployment rate in Hancock County, Mississippi was 5.4%. Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through November 2020.Wage TrendsThe average worker in Hancock County, Mississippi earned annual wages of $49,081 as of 2020Q2. Average annual wages per worker increased 3.2% in the region over the preceding four quarters. For comparison purposes, annual average wages were $58,849 in the nation as of 2020Q2.Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q4 with preliminary estimates updated to 2020Q2.Cost of Living IndexThe Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 1.0% higher in Hancock County, Mississippi than the U.S. average. Cost of Living InformationAnnual Average SalaryCost of Living Index (Base US)US Purchasing PowerHancock County, Mississippi$49,081101.0$48,593Mississippi$40,49183.7$48,369USA$58,849100.0$58,849Source: JobsEQ?Data as of 2020Q2Cost of Living per C2ER, data as of 2020q3, imputed by Chmura where necessary.Industry SnapshotThe largest sector in Hancock County, Mississippi is Public Administration, employing 2,484 workers. The next-largest sectors in the region are Accommodation and Food Services (2,311 workers) and Retail Trade (1,645). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Public Administration (LQ = 3.45), Utilities (3.01), and Accommodation and Food Services (1.84).Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q4 with preliminary estimates updated to 2020Q2. Sectors in Hancock County, Mississippi with the highest average wages per worker are Manufacturing ($80,044), Public Administration ($78,393), and Professional, Scientific, and Technical Services ($67,397). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Accommodation and Food Services (+543 jobs), Manufacturing (+162), and Administrative and Support and Waste Management and Remediation Services (+146).Over the next 1 year, employment in Hancock County, Mississippi is projected to expand by 48 jobs. The fastest growing sector in the region is expected to be Professional, Scientific, and Technical Services with a +1.3% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Accommodation and Food Services (+22 jobs), Professional, Scientific, and Technical Services (+18), and Health Care and Social Assistance (+11).Current5-Year History1-Year ForecastNAICSIndustryEmplAvg Ann WagesLQEmpl ChangeAnn %Total DemandExitsTransfersEmpl GrowthAnn % Growth92Public Administration2,484$78,3933.45530.4%22396131-4-0.2%72Accommodation and Food Services2,311$22,2371.845435.5%396166209220.9%44Retail Trade1,645$24,3511.08460.6%21397122-6-0.4%54Professional, Scientific, and Technical Services1,377$67,3971.34580.9%1364474181.3%56Administrative and Support and Waste Management and Remediation Services1,215$50,6791.291462.6%144598140.3%62Health Care and Social Assistance1,152$45,5980.53-20-0.3%1205355110.9%31Manufacturing1,066$80,0440.871623.3%1004170-10-1.0%61Educational Services997$46,5510.81-25-0.5%96444840.4%23Construction850$43,7250.98-112-2.4%90305470.8%81Other Services (except Public Administration)343$23,9000.52-18-1.0%39182100.0%48Transportation and Warehousing320$55,2410.46563.9%3414200-0.1%22Utilities236$65,5983.0100.0%218140-0.2%71Arts, Entertainment, and Recreation233$22,3450.84-476-19.9%34151810.4%52Finance and Insurance223$51,8410.37-5-0.4%2181300.1%53Real Estate and Rental and Leasing147$33,2090.56-8-1.1%157800.3%11Agriculture, Forestry, Fishing and Hunting145$13,5310.72-20-2.6%15790-0.1%51Information104$34,1160.35122.6%104600.1%42Wholesale Trade72$47,9120.13-14-3.5%7350-0.4%55Management of Companies and Enterprises25$66,8400.112143.2%21100.2%21Mining, Quarrying, and Oil and Gas Extraction11$32,0820.18-43-27.2%10100.8%Total - All Industries14,955$49,0811.003570.5%1,678697933480.3%Source: JobsEQ?Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2019Q4 with preliminary estimates updated to 2020Q2. Forecast employment growth uses national projections adapted for regional growth patterns.Occupation SnapshotThe largest major occupation group in Hancock County, Mississippi is Office and Administrative Support Occupations, employing 1,549 workers. The next-largest occupation groups in the region are Food Preparation and Serving Related Occupations (1,497 workers) and Sales and Related Occupations (1,409). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Architecture and Engineering Occupations (LQ = 2.34), Life, Physical, and Social Science Occupations (2.34), and Protective Service Occupations (2.30).Occupation groups in Hancock County, Mississippi with the highest average wages per worker are Legal Occupations ($100,100), Management Occupations ($90,300), and Architecture and Engineering Occupations ($86,400). The unemployment rate in the region varied among the major groups from 2.5% among Legal Occupations to 13.0% among Food Preparation and Serving Related Occupations.Over the next 1 year, the fastest growing occupation group in Hancock County, Mississippi is expected to be Computer and Mathematical Occupations with a +1.7% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Food Preparation and Serving Related Occupations (+13 jobs) and Computer and Mathematical Occupations (+9). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Food Preparation and Serving Related Occupations (261 jobs) and Sales and Related Occupations (210).Hancock County, Mississippi, 2020Q21Current5-Year History1-Year ForecastSOCOccupationEmplMean Ann Wages2LQUnemplUnempl RateOnline Job Ads3Empl ChangeAnn %Total DemandExitsTransfersEmpl GrowthAnn % Growth43?0000Office and Administrative Support1,549$36,7000.811336.4%49-82-1.0%16973103-7-0.5%35?0000Food Preparation and Serving Related1,497$21,9001.2425813.0%592083.0%274102159130.9%41?0000Sales and Related1,409$32,6000.971678.9%11090.1%20887123-2-0.1%11?0000Management1,077$90,3001.11413.3%29470.9%97296360.5%53?0000Transportation and Material Moving834$33,9000.671239.8%65350.9%105396600.0%13?0000Business and Financial Operations778$68,7000.94313.8%37531.4%77225330.3%33?0000Protective Service750$37,8002.30253.5%14381.0%712944-1-0.1%25?0000Educational Instruction and Library741$43,6000.88777.1%6-4-0.1%72313640.5%49?0000Installation, Maintenance, and Repair735$47,8001.28525.9%30481.4%72234820.2%51?0000Production715$49,4000.81758.2%16732.2%722653-6-0.8%47?0000Construction and Extraction702$43,3001.0113311.7%6-88-2.3%84235650.7%29?0000Healthcare Practitioners and Technical671$71,9000.78352.8%85-5-0.1%43182140.5%37?0000Building and Grounds Cleaning and Maintenance660$25,1001.30759.1%24551.8%93394950.8%17?0000Architecture and Engineering601$86,4002.34183.6%13-113-3.4%47143210.1%39?0000Personal Care and Service546$26,7001.348912.9%5-85-2.9%93375250.9%15?0000Computer and Mathematical540$74,8001.19173.7%891446.4%51103391.7%31?0000Healthcare Support351$28,5000.53385.5%10181.1%47202341.1%19?0000Life, Physical, and Social Science306$72,6002.34113.8%13-9-0.6%2962300.0%27?0000Arts, Design, Entertainment, Sports, and Media182$42,8000.67319.5%20-0.1%2171310.4%21?0000Community and Social Service158$47,9000.61103.2%600.0%1861110.9%23?0000Legal132$100,1001.0342.5%n/a142.2%83500.2%45?0000Farming, Fishing, and Forestry21$39,3000.22510.4%111.2%3120-0.4%Total - All Occupations14,955$47,4001.001,4467.4%6673570.5%1,7596451,067480.3%Source: JobsEQ?Data as of 2020Q2 unless noted otherwiseNote: Figures may not sum due to rounding.1. Data based on a four-quarter moving average unless noted otherwise.2. Wage data are as of 2019 and represent the average for all Covered Employment3. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list).Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2019Q4, imputed where necessary with preliminary estimates updated to 2020Q2. Wages by occupation are as of 2019 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns. Industry ClustersA cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in Hancock County, Mississippi with the highest relative concentration is Public Admin. with a location quotient of 3.50. This cluster employs 2,484 workers in the region with an average wage of $78,502. Employment in the Public Admin. cluster is projected to contract in the region about 0.2% per year over the next ten years. Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through 2019Q4 with preliminary estimates updated to 2020Q2. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.Education LevelsExpected growth rates for occupations vary by the education and training required. While all employment in Hancock County, Mississippi is projected to grow 0.3% over the next ten years, occupations typically requiring a postgraduate degree are expected to grow 0.6% per year, those requiring a bachelor’s degree are forecast to grow 0.6% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 0.3% per year. Employment by occupation data are estimates are as of 2020Q2. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.Gross Domestic ProductGross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2019, nominal GDP in Hancock County, Mississippi expanded 4.6%. This follows growth of 5.0% in 2018. As of 2019, total GDP in Hancock County, Mississippi was $1,697,933,000.Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2019.Of the sectors in Hancock County, Mississippi, Public Administration contributed the largest portion of GDP in 2019, $387,371,000 The next-largest contributions came from Manufacturing ($202,160,000); Professional, Scientific, and Technical Services ($144,395,000); and Real Estate and Rental and Leasing ($124,151,000).Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2019.Hancock County, Mississippi Regional MapFAQWhat is a location quotient?A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment in comparison to the nation.What is separation demand?Separation demand is the number of jobs required due to separations—labor force exits (including retirements) and turnover resulting from workers moving from one occupation into another. Note that separation demand does not include all turnover—it does not include when workers stay in the same occupation but switch employers. The total projected demand for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of the overall number of jobs in that occupation).What is a cluster?A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster. What is the difference between industry wages and occupation wages? Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average occupation wages in a region do not match exactly. What is NAICS?The North American Industry Classification System (NAICS) is used to classify business establishments according to the type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit level. The first two digits define the top level category, known as the “sector,” which is the level examined in this report. What is SOC?The?Standard Occupational Classification?system (SOC) is used to classify workers into occupational categories. All workers are classified into one of over 804 occupations according to their occupational definition. To facilitate classification, occupations are combined to form 22 major groups, 95 minor groups, and 452 occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills, education, or experience. About This ReportThis report and all data herein were produced by JobsEQ?, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and completeness. ................
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