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New North 18 County Area Population
1,294,157
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New North 18 County Area Employment
679,673
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New North 18 County Area Average Earnings Per Job
$71.1K
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Takeaways
- As of 2024 the region's population increased by 3.0% since 2019, growing by 37,461. Population is expected to increase by 1.9% between 2024 and 2029, adding 24,382.
- From 2019 to 2024, jobs increased by 0.0% in new north counties REAL (18) from 679,506 to 679,673. This change fell short of the national growth rate of 4.3% by 4.3%. As the number of jobs increased, the labor force participation rate decreased from 68.0% to 65.8% between 2019 and 2024.
- Concerning educational attainment, 19.5% of the selected regions' residents possess a Bachelor's Degree (2.0% below the national average), and 12.7% hold an Associate's Degree (3.8% above the national average).
- The top three industries in 2024 are Restaurants and Other Eating Places, Education and Hospitals (Local Government), and Local Government, Excluding Education and Hospitals.
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Economy by the Numbers
New North Target Industries
Industry | 2024 Jobs | 5 Year Projected Job Growth | GRP |
---|---|---|---|
Forest Products | 682 | -8% | $33.0M |
Biohealth | 5,185 | 11% | $1.2B |
Aerospace | 6,613 | 8% | $827.8M |
Pulp and Paper | 4,166 | -12% | $2.9B |
transportation and Logistics | 34,015 | 8% | $2.5B |
Food and Beverage | 54,397 | 7% | $6.4B |
Energy, Power, and Control | 23,027 | 3% | $4.3B |
Manufacturing | 142,260 | 2% | $20.9B |
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