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New North 18 County Area Population
1,262,336
New North 18 County Area Employment
675,940
New North 18 County Area Average Earnings Per Job
$68.6K
Takeaways
- As of 2023 the region's population increased by 3.1% since 2018, growing by 38,769. Population is expected to increase by 2.4% between 2023 and 2028, adding 31,163.
- From 2018 to 2023, jobs declined by 0.7% in new north counties REAL (18) from 680,651 to 675,940. This change fell short of the national growth rate of 4.3% by 5.0%. As the number of jobs declined, the labor force participation rate decreased from 67.5% to 65.0% between 2018 and 2023.
- Concerning educational attainment, 18.9% of the selected regions' residents possess a Bachelor's Degree (2.3% below the national average), and 12.7% hold an Associate's Degree (3.8% above the national average).
- The top three industries in 2023 are Restaurants and Other Eating Places, Education and Hospitals (Local Government), and Local Government, Excluding Education and Hospitals.
Economy by the Numbers
New North Target Industries
Industry | 2023 Jobs▲ | 5 Year Projected Job Growth | GRP |
---|---|---|---|
Forest Products | 363 | -4% | $31.1M |
Biohealth | 4,070 | 8% | $1.0B |
Aerospace | 6,473 | 11% | $813.0M |
Pulp and Paper | 14,233 | -11% | $2.7B |
Energy, Power, and Control | 20,045 | 1% | $4.0B |
Transportation and Logistics | 22,257 | 2% | $2.5B |
Food and Beverage | 38,046 | 2% | $5.2B |
Manufacturing | 118,908 | 1% | $16.8B |