15 minnesota zips · from 2013 to 2018, jobs increased by 5.0% in 15 minnesota zips from 79,848 to...

Economy Overview

15 Minnesota ZIPs

Minnesota Department of Employment & Economic Development (DEED)

332 Minnesota Street

Suite E200

Saint Paul, Minnesota 55101

Emsi Q2 2020 Data Set | www.economicmodeling.com

Economy Overview


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Contents

Report Parameters

Economy Overview

Historic & Projected Trends

Popula on Characteris cs

Industry Characteris cs

Business Characteris cs

Workforce Characteris cs

Educa onal Pipeline

Appendix A (Geographies)

Economy Overview


15 ZIPs

Class of Worker

QCEW Employees, Non-QCEW Employees, and Self-Employed

The informa on in this report pertains to the chosen geographical areas.

Report Parameters

56301 Saint Cloud, MN (in Stearns county)



56304 Saint Cloud, MN (in Sherburne county)


56374 Saint Joseph, MN (in Stearns county)

56377 Sartell, MN (in Stearns county)

56379 Sauk Rapids, MN (in Benton county)

56387 Waite Park, MN (in Stearns county)

See Appendix A for all 15 ZIPs

Economy Overview

Emsi Q2 2020 Data Set | www.economicmodeling.com 1

Economy Overview

Takeaways

As of 2019 the region's popula on increased by 5.1% since 2014, growing by 6,545. Popula on is expected to increase by

4.2% between 2019 and 2024, adding 5,738.

From 2014 to 2019, jobs increased by 3.6% in 15 Minnesota ZIPs from 81,682 to 84,594. This change fell short of the na onal

growth rate of 7.6% by 4.0%. Labor force data is not available for 15 Minnesota ZIPs.

There is no educa on a ainment data for 15 Minnesota ZIPs.

The top three industries in 2019 are Restaurants and Other Ea ng Places, General Medical and Surgical Hospitals, and

Educa on and Hospitals (Local Government).

136,064 84,594 $56.1KPopula on (2019) Total Regional Employment Avg. Earnings Per Job (2019)

Popula on grew by 6,545 overthe last 5 years and is projected to

grow by 5,738 over the next 5years.

Jobs grew by 2,912 over the last5 years and are projected to grow

by 2,313 over the next 5 years.

Regional average earnings per jobare $12.4K below the na onalaverage earnings of $68.5K per

job.

Region 136,064 N/A 84,594 98.9 $7.92B $10.02B $10.93B

Na on 329,399,330 163,493,315 165,144,952 100.0 $21.00T $0 $8.96T

Popula on(2019)

LaborForce

(2019) Jobs (2019)

Costof

Living GRP Imports Exports

Economy Overview


2019 Labor Force Breakdown

Educa onal A ainment

Popula on breakdown data is not available at the ZIP level. Please choose a different region to see this data.

Educa onal a ainment data is not available at the ZIP level. Please choose a different region to see this data.

Economy Overview


Historic & Projected Trends

Popula on Trends

As of 2019 the region's popula on increased by 5.1% since 2014, growing by 6,545. Popula on is expected to increase by 4.2%

between 2019 and 2024, adding 5,738.

2014 129,519

2015 130,830

2016 132,074

2017 133,278

2018 134,690

2019 136,064

2020 137,359

2021 138,600

2022 139,755

2023 140,824

2024 141,802

Timeframe Popula on

Economy Overview


Job Trends

From 2014 to 2019, jobs increased by 3.6% in 15 Minnesota ZIPs from 81,682 to 84,594. This change fell short of the na onal

growth rate of 7.6% by 4.0%.

2014 81,682

2015 81,913

2016 83,098

2017 84,217

2018 83,811

2019 84,594

2020 85,426

2021 86,040

2022 86,514

2023 86,859

2024 86,907

Timeframe Jobs

Economy Overview


Your area has 27,861 millennials

(ages 25-39). The na onal average

for an area this size is 27,691.

Re rement risk is low in your area.

The na onal average for an area

this size is 38,988 people 55 or

older, while there are 32,964 here.

Racial diversity is low in your area.

The na onal average for an area

this size is 53,363 racially diverse

people, while there are 24,958

here.

Veterans data is not available at

the ZIP level. Please choose a

different region level to see this

data.

Crime data is not available at the

ZIP level. Please choose a different

region level to see this data.

Crime data is not available at the

ZIP level. Please choose a different

region level to see this data.

Popula on Characteris cs

27,861

Millennials

32,964

Re ring Soon

24,958

Racial Diversity

N/A

Veterans

N/A

Violent Crime

N/A

Property Crime

Economy Overview


Where Talent Works Where Talent Lives

Place of Work vs Place of Residence

Understanding where talent in the region currently works compared to where talent lives can help you op mize site decisions.

56301 Saint Cloud, MN (in Stearns county)… 26,858


56379 Sauk Rapids, MN (in Benton county)… 12,410

56387 Waite Park, MN (in Stearns county)… 9,757

56377 Sartell, MN (in Stearns county)… 6,124

ZIP Name2019

Employment



56377 Sartell, MN (in Stearns county)… 10,663

56379 Sauk Rapids, MN (in Benton county)… 9,633

56304 Saint Cloud, MN (in Sherburne county)… 7,783

ZIP Name2019

Workers

Economy Overview


Industry Characteris cs

Largest Industries

Industry Jobs Na onal Average

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

Health Care and Social Assistance

Retail Trade

Government

Manufacturing

Accommoda on and Food Services

Construc on

Administra ve and Support and Waste Management andRemedia on Services

Wholesale Trade

Other Services (except Public Administra on)

Finance and Insurance

Transporta on and Warehousing

Professional, Scien fic, and Technical Services

Management of Companies and Enterprises

Educa onal Services

Real Estate and Rental and Leasing

Informa on

Arts, Entertainment, and Recrea on

Agriculture, Forestry, Fishing and Hun ng

U li es

Mining, Quarrying, and Oil and Gas Extrac on

Economy Overview


Top Growing Industries

Industry Jobs Growth

0 200 400 600 800


Construc on

Wholesale Trade





Educa onal Services


Retail Trade



Economy Overview


Top Industry LQ

Industry LQ

0.00 1.00

Manufacturing


Retail Trade


Wholesale Trade

Construc on







Government

Informa on


Educa onal Services


U li es



Economy Overview


Top Industry GRP

2019 Gross Regional Product

$0.000 $200.0M $400.0M $600.0M $800.0M $1.000B


Manufacturing

Government

Retail Trade

Wholesale Trade


Construc on




Informa on





U li es

Educa onal Services




Economy Overview


Top Industry Earnings

2019 Earnings Per Worker

$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000

U li es



Informa on


Construc on


Government

Manufacturing

Wholesale Trade






Retail Trade

Educa onal Services




Economy Overview


Health Care and Social Assistance 15,184 15,020 -164 -1% 1.39 $62,939 $1.09B

Retail Trade 11,080 11,133 53 +0% 1.33 $36,076 $681.85M

Government 9,895 9,845 -50 -1% 0.78 $70,312 $798.07M

Manufacturing 9,615 9,459 -156 -2% 1.42 $64,893 $1.07B

Accommoda on and Food Services 6,130 5,780 -350 -6% 0.79 $19,261 $178.13M

Construc on 4,415 5,280 865 +20% 1.10 $76,339 $528.89M

Administra ve and Support andWaste Management andRemedia on Services

4,472 4,310 -162 -4% 0.82 $36,609 $207.47M

Wholesale Trade 3,252 3,894 642 +20% 1.26 $64,271 $604.22M

Other Services (except PublicAdministra on)

3,423 3,711 288 +8% 0.93 $28,390 $149.64M

Finance and Insurance 2,880 3,297 417 +14% 0.97 $78,539 $555.55M

Transporta on and Warehousing 2,933 3,219 286 +10% 1.01 $64,172 $313.35M

Professional, Scien fic, andTechnical Services

2,413 2,709 296 +12% 0.48 $75,392 $301.95M

Management of Companies andEnterprises

600 1,597 997 +166% 1.30 $90,112 $160.31M

Educa onal Services 1,258 1,439 181 +14% 0.66 $32,371 $57.63M

Real Estate and Rental and Leasing 1,108 1,165 57 +5% 0.81 $41,730 $244.55M

Informa on 1,356 1,101 -255 -19% 0.72 $79,946 $225.80M

Arts, Entertainment, and Recrea on 1,130 1,057 -73 -6% 0.71 $20,812 $41.45M

Agriculture, Forestry, Fishing andHun ng

312 343 31 +10% 0.35 $50,183 $36.57M

U li es 145 131 -14 -10% 0.46 $143,789 $74.28M

Mining, Quarrying, and Oil and GasExtrac on

82 104 22 +27% 0.29 $89,915 $28.96M

Industry2014Jobs

2019Jobs Change in Jobs

%Changein Jobs

2019LQ

2019 EarningsPer Worker 2019 GRP

Economy Overview


Business Characteris cs

Business Size

*Business Data by DatabaseUSA.com is third-party data provided by Emsi to its customers as a convenience, and Emsi does not endorse or warrant its

accuracy or consistency with other published Emsi data. In most cases, the Business Count will not match total companies with profiles on the summary

tab.

Percentage Business Count

A 1 to 4 employees 32.5% 1,791

A 5 to 9 employees 26.6% 1,466

A 10 to 19 employees 22.2% 1,226

A 20 to 49 employees 13.4% 737




A 500+ employees 0.3% 18

Economy Overview


Workforce Characteris cs

Largest Occupa ons

Occupa on Jobs Na onal Average

0 2,000 4,000 6,000 8,000 10,000 12,000

Office and Administra ve Support

Sales and Related

Produc on

Food Prepara on and Serving Related

Transporta on and Material Moving

Healthcare Prac oners and Technical

Personal Care and Service

Management

Educa on, Training, and Library

Construc on and Extrac on

Installa on, Maintenance, and Repair

Business and Financial Opera ons

Building and Grounds Cleaning and Maintenance

Healthcare Support

Computer and Mathema cal

Community and Social Service

Arts, Design, Entertainment, Sports, and Media

Architecture and Engineering

Protec ve Service

Legal

Life, Physical, and Social Science

Military-only

Farming, Fishing, and Forestry

Economy Overview


Top Growing Occupa ons

Occupa on Jobs Growth

0 100 200 300 400 500



Management





Sales and Related





Protec ve Service

Legal



Economy Overview


Top Occupa on LQ

Occupa on LQ

0.00 1.00

Produc on



Sales and Related

Healthcare Support







Management






Military-only

Legal



Protec ve Service


Economy Overview


Top Occupa on Earnings

2018 Median Hourly Earnings

$0.00 $10.00 $20.00 $30.00

Management





Legal



Protec ve Service



Military-only



Produc on



Healthcare Support



Sales and Related



Pos ngs data is not available for the currently selected region.

Underemployment data is not available for the currently selected region.

Economy Overview


Office andAdministra ve Support

12,635 12,544 -91 -1% 1.04 $17.56 0

Sales and Related 9,447 9,693 246 +3% 1.17 $14.15 0

Produc on 8,044 7,786 -258 -3% 1.58 $18.35 0

Food Prepara on andServing Related

6,863 6,608 -255 -4% 0.94 $11.31 0

Transporta on andMaterial Moving

5,653 6,101 448 +8% 1.04 $17.50 0

Healthcare Prac onersand Technical

5,681 5,672 -9 0% 1.21 $33.56 0

Personal Care andService

4,175 4,462 287 +7% 1.19 $12.11 0

Management 3,644 4,196 552 +15% 0.87 $39.29 0

Educa on, Training, andLibrary

3,614 4,048 434 +12% 0.85 $22.31 0

Construc on andExtrac on

3,483 4,046 563 +16% 1.02 $24.31 0

Installa on,Maintenance, andRepair

3,311 3,673 362 +11% 1.11 $20.69 0

Business and FinancialOpera ons

2,756 3,334 578 +21% 0.74 $27.75 0

Building and GroundsCleaning andMaintenance

2,699 2,615 -84 -3% 0.85 $14.66 0

Healthcare Support 3,034 2,594 -440 -15% 1.14 $16.47 0

Computer andMathema cal

1,463 1,607 144 +10% 0.65 $32.50 0

Community and SocialService

1,448 1,529 81 +6% 1.07 $22.62 0

Arts, Design,Entertainment, Sports,and Media

1,162 1,238 76 +7% 0.81 $19.60 0

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Jun 2019 - May2020 Unique

Average MonthlyPos ngs

Economy Overview


Architecture andEngineering

662 805 143 +22% 0.57 $31.09 0

Protec veService

751 805 54 +7% 0.43 $24.11 0

Legal 372 409 37 +10% 0.58 $29.57 0

Life, Physical, andSocial Science

311 346 35 +11% 0.50 $34.84 0

Military-only 310 302 -8 -3% 0.63 $21.54 0

Farming, Fishing,and Forestry

165 182 17 +10% 0.29 $15.11 0

Occupa on2014Jobs


%Changein Jobs

2019LQ

2018 MedianHourly Earnings

Jun 2019 - May 2020 UniqueAverage Monthly Pos ngs

Economy Overview


Educa onal Pipeline

In 2018, there were 6,346 graduates in 15 Minnesota ZIPs. This pipeline has shrunk by 13% over the last 5 years. The highest

share of these graduates come from Liberal Arts and Sciences/Liberal Studies, Registered Nursing/Registered Nurse, and

"Business Administra on and Management, General".

Cer ficate Associate's Bachelor's Master's or Higher

Saint Cloud State University 2,794

Rasmussen College-Minnesota 1,849

St Cloud Technical and CommunityCollege

1,085

College of Saint Benedict 553

Model College of Hair Design 65

Regency Beauty Ins tute-St Cloud 0

Minnesota School of Business-WaitePark

0

SchoolTotal Graduates

(2018)Graduate Trend (2014 -

2018)

Economy Overview


Appendix A (Geographies)




56304 Saint Cloud, MN (in Sherburne county)


56374 Saint Joseph, MN (in Stearns county)

56377 Sartell, MN (in Stearns county)

56379 Sauk Rapids, MN (in Benton county)

Code Descrip on








Code Descrip on

Economy Overview


15 minnesota zips · from 2013 to 2018, jobs increased by 5.0% in 15 minnesota zips from 79,848 to...

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