Jacksonville Paychecks to Fatten
Patterson, Steve, The Florida Times Union
Jacksonville families, whose incomes once trailed most of the
state, may become dramatically wealthier in a job market that
will boom for the next 15 years, say researchers studying
If their prediction proves true, the average Duval County
household will earn nearly $72,000 by 2010, a 27 percent jump
over last year. The increase is in addition to any change caused
Among Florida's biggest communities, Jacksonville's earnings
would be second only to Palm Beach County, where household
incomes of $101,000 are forecast.
Jacksonville's own development may help drive a part of that
increase, said David Lenze, an economist with the University of
"There's more congestion, higher crime, the cost of living is
more," than in smaller communities, said Lenze, who helped write
the bureau's annual statewide economic forecast. Higher wages
help compensate people for those hassles, and can be necessary
in larger cities "in order to attract the quality of worker
that employers want," he said.
That type of financial boost could have far-reaching
consequences for the city, in neighborhoods ranging from upscale
new subdivisions to aging inner city areas that want money to
"If that materializes, it couldn't help but benefit us," said
Celia Miller, president of the Myrtle Avenue Neighborhood
Improvement Association. "Whatever affects the city affects us,
for good or for bad."
Her neighborhood north of LaVilla is working with city housing
officials on a plan to build and sell new homes around a rebuilt
Durkeeville housing project. Miller said higher incomes citywide
could give a relatively poor area like hers a better chance of
developing into a balanced neighborhood with more middle class
The predictions are based on population and business trends
locally, as well as national trends in key industries, Lenze
said. He said forecasts for Northeast Florida drew heavily on
employment trends in manufacturing, military service levels and
the insurance and finance industries.
Jacksonville could also be cashing in on a relatively young
work force. Over the next 15 years much of the city's working
population will be moving into middle age, when incomes normally
peak, Lenze said. By contrast, some South Florida communities
will make relatively little progress financOeially because their
large retiree populations have pensions that, at best, just keep
The income increase would be a marked turnaround for
Jacksonville, which has typically lagged behind most of Florida
in income. Even in …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Jacksonville Paychecks to Fatten. Contributors: Patterson, Steve - Author. Newspaper title: The Florida Times Union. Publication date: July 24, 1996. Page number: Not available. © 2007 The Florida Times-Union. COPYRIGHT 1996 Gale Group.
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