Trends Report
Fall 2019 Volume 6
Dear Chamber Members, We are pleased to provide your company with the sixth annual Trends Report. This publication is designed to provide our members with information and data that can be used in your daily business decision making. One of the biggest challenges facing all business owners and managers is making the right decisions to grow your companies; expand your products and/or improve your services. Using data, understanding trends, understanding the local marketplace and local demographics can be helpful to your company as you strategically plan for the future of your business.
Table of Contents Workforce....................................4 Education....................................5 Demographics..............................6 Income.........................................7 Population................................8-9 Economy....................................10 Economic Development.............11 Quick Facts.................................12 Research & Development..........13 Real Estate.................................14 Political Association...................15 Agribusiness..............................16 Entrepreneurship.......................17 Tourism.......................................18 Transportation............................19 Recognitions.............................20
Please take time to review the information provided. Our goal is to provide our members with data on an ongoing basis to help your company. Please reach out to us and let us know if we are we missing information that would be invaluable to your particular industry. We want to know what you need in order to help support those gut-made decisions – backed with data. Your feedback is encouraged to LauraW@champaigncounty.org. We hope you find the Trends Publication helpful to your company. Sincerely,
Laura Weis President & CEO
This publication was compiled by Nick Ferguson, intern for the Champaign County Chamber of Commerce.
04
WORKFORCE
Source: US Census Bureau (2018), Forbes (2018), Sperling’s Best Places (2018), OnTheMap Application and LEHD Origin-Destination Employment Statistics.
Recent Job Growth*
Future Job Growth In 10 Years
Champaign County:
Champaign County:
2.23%
32.04%
United States:
United States:
1.59%
33.51%
*as of March, 2019
Unemployment Rate
44,178
workers in Champaign County (53.3% of workforce) are aged
30 to 54
Champaign County:
3.7% United States:
Forbes ranked Champaign the
38th best small place nationally to start a business or career
3.6%
Workforce Readiness is key for every job that requires a master’s degree there are two professional jobs that require a university degree and seven jobs that require a one-year certificate or a two-year degree. An increase in skilled workers could decrease unemployment in the Champaign-Urbana area.
05
EDUCATION
Source: Illinois At-A-Glance Report Card (2019) w(2019)
Student Demographic By District: White: 35.3%
Champaign: Black: 35.5%
Hispanic: 12.2% Asian: 8.7%
Other: 8.4%
White: 87%
Mahomet:
Black: 1.2% Hispanic: 4.5% Asian 1.7%: Other: 5.4% White: 40.7%
Rantoul:
Black: 27.6% Hispanic: 22.5% Asian: 0.8% Other: 8.4% White: 31.4%
Urbana:
Black: 37.4% Hispanic: 14.8% Asian 5.3% Other: 11.1%
White: 93.4%
St. Joseph:
Black: 1.1% Hispanic: .09% Asian 1.3%: Other: 3.3%
4-Year Graduation Rate:
91% 82%
86%
86%
Champaign District
State
Mahomet
87%
86%
Rantoul
81%
86%
Urbana
92%
86%
St. Joesph
06
DEMOGRAPHICS
Sources: US Census Bureau (2018)
Race 6%
2%
11%
White Black Asian
14%
Hispanic Other
67%
Age 13%
6%
Over 65 18-65 Under 18
Marital Status 10%
62%
2%
Married Divorced
51%
Never Married
Sex 50%
Widowed
37%
Under 5
19%
Male
50%
Female
07
INCOME
Sources: Bureau of Labor Statistics (2018)
$28,406
$44,638
Champaign County Per Capita Income
Median Household Income
illinois annual mean wage by occupation OCCUPATION
ILLINOIS
U.S.
Management
$115,580
$121,560
Business & Finance
$75,600
$76,910
Computer & Mathematics
$87,720
$91,530
Architecture & Engineering
$83,730
$87,370
Life, Physical, & Social Sciences
$70,810
$76,160
Community & Social Service
$48,670
$49,280
Legal Occupations
$120,850
$108,690
Education, Training & Library
$55,570
$56,620
Arts, Design, Entertainment
$53,730
$59,780
Healthcare Practitioners/Technicians
$79,760
$82,000
Healthcare Support
$32,250
$32,380
Protective Services
$53,750
$48,580
Food Preparation & Serving
$24,440
$25,580
Building & Grounds Maintenance
$31,190
$30,020
Personal Care & Service
$28,610
$28,090
Sales & Related Occupations
$42,700
$41,790
Office & Administrative Support
$39,280
$38,990
Farming, Fishing & Forestry
$33,640
$30,140
Construction & Extraction
$67,050
$51,220
*Income measured by annual mean wage
08
population
Sources: US Census Bureau (2014, 2018)
Population by county 2018
2017
2016
2015
Champaign
209,983
209,399
208,419
208,861
DeWitt
15,769
15,942
16,226
16,247
Douglas
19,479
19,748
19,630
19,823
13,575
13,736
Ford
POPULATION 13,264 13,280
McLean
172,828
172,290
172,418
173,166
Piatt
16,396
16,445
16,650
16,387
2018 Change +4.1%
-4.8%
Champaign DeWitt
-2.5%
-5.8%
+1.9%
-2.0%
Douglas
Ford
McLean
Piatt
While many communities in Central Illinois and statewide have seen population decreasing, more residents are moving to and staying in Champaign. In fact, according to USA Today, Champaign-Urbana is the fastest growing area in Illinois due to its above average job growth rate and its above average median household income.
09
population
Sources: University of Illinois at Urbana-Champaign Division of Management Information (2018)
Champaign county Students at UIUC 5,000 4,000 4,014 3,164
3,000
2,775
2,000
2,428
2,601
2,489
2,584
2016
2017
2018
2019
1,000 2004
2007
2010
*WHAT THIS MEANS:
Since the peak in 2004, students who are from Champaign County have been on a steady decline at the University of Illinois over the past 10 years. While 2017 did see a slight spike in local Champaign County student enrollment, 2018 shows yet another decline.
uiuc total student population 50,000
51,196 44,542 42,883
40,000
49,339
47,826
43,603
39,120 41,949
30,000 2008
2010 2012 2014 2016 2017 2018 2019
10
Economy
Source: Sperling’s Best Places (2019)
Champaign county taxes Income Tax 5 Percent Property Tax 2 Percent
ce
$
ur
Champa i
r
ev
est arg
County’s l gn
enue so
Sales Tax
City
Urbana Champaign Rantoul Ogden Savoy Saint Joseph
1.50 1.50 1.50 1.50 0.50 1.50
Add
Total
State (6.25%) & County (1.25%)
9.00 9.00 9.00 9.00 8.00 9.00
ILLINOIS
U.S.A.
CHICAGO
AVERAGE SALES TAX
AVERAGE SALES TAX
CITY SALES TAX
8.74%
8.45%
10.30%
11
economic development
Source: The Site Selectors Guild 2015 Membership Survey, Census.gov attributes that best indicate an area’s ability to provide and sustain a skilled and sufficient workforce
CHAMPAIGN COUNTY MSA (metropolitan statistical area) Total Employer Establishments (2017) 4,273 Total Employment (2017) 69,309 Total Annual Payroll (2017, $1,000) 2,939,643 Total Employment, Percent Change (2016-2017)
-0.2%
Total Non-employer Establishments (2017)
12,373
0
10
20
30
40
50
60
ATTRACTIVE COMMUNITY WORKFORCE ATTRIBUTES:
Competitive stregnths expcted to drive domestic and FDI location investment to the US Market Access/Logistics Availability of Skills/Technical Talent Energy Costs Total Operating Costs Low Business Risk IP and Legal Protection
*Attributes that best indicate an area’s ability to provide and sustain a skilled and sufficient workforce
Quality Infrastructure Tax Climate Real Estate
GDP GROWTH IN MILLIONS
BUSINESS GROWTH 4.7%
0
2.3% 0.7%
Champaign
Cook
Will
$8,909
5.2%
Moultrie
10 -1.3%
20
Illinois Avg.
30
40
50
$922
$282 Champaign
60
Cook
Will
70
80
$215 Illinois Avg.
12
Champaign County Quick Facts
Source:US Census Bureau (2018)
2.36
49,586
average persons per household
Median household income
#10
201.8 population per square mile
Champaign-Urbana on the ‘most green cities in the U.S.’ list
top chamber employers University of Illinois at Urbana-Champaign 13,934 Carle and Health Alliance
6,921
Champaign School District
1,664
Christie Clinic Champaign County Government Urbana School District FedEx
916 893 828 815
OSF Healthcare
774
Parkland College
741
research and development
13
Source: University Science and Technology Coalition (2018)
Illinois is one of the most active states for research and development in the nation, ranking eighth in overall R&D, academic R&D and business R&D.
Additionally, Illinois is the sixth largest producer of science, health, and engineering academic articles nationally. Academic research funding yields a high rate of return in Illinois, with the state producing more academic articles per $1 million in funding, compared with the national average.
What This Means As one of the leading counties in Illinois for research and development, Champaign should strive to continue to invoke inspiration and support innovation and the beginnings of new ventures.
14
Real Estate
Sources: Zillow (2019)
Median home value and percent change Urbana
Rantoul
Mahomet
Savoy
$142,500
$119,900
$73,600
$200,500
$217,500
+2.8%
+0.6%
+3.5%
+3.0%
-2.9%
Champaign median home value Median Home Value
% Change in Value Since Past year
St. Joseph
Tolono
Ogden
Philo
Thomasboro
Median Home Value
$167,900
$140,800
$131,700
$150,500
$86,900
% Change in Value Since Past year
+3.5%
+6.3%
+4.6%
+1.8%
-0.4%
home value index of champaign county Median Listing Price: $172,000
141k 135k
130k
124k 2011 2012 2013 2014 2015 2016 2017 2018
15
Political Association Sources: Champaign County Clerk
Primary Elections 2016 PRIMARY ELECTION TOTAL BALLOTS CAST: 59,003 45.0%
Democrat: 32,352 Republican: 26,592
54.8%
Independent/Other: 59 2018 PRIMARY ELECTION TOTAL BALLOTS CAST: 31,574
42.3%
Democrat: 18,201 Republican: 13,367
57.6%
Independent/Other: 6
2018
general Elections
General Election:
4,635,541
Persons Voting Statewide
140,000
134,352 124,057
120,000 100,000
92,842 80,112
80,000
57.23%
Of Eligible Voting Population
2016 Total Registered Voters
2018 Total Ballots Cast
16
Agribusiness
Source: US Census of Agriculture; Illinois Society of Professional Farm Managers & Rural Appraisers (2018)
Land Values Summary By Class $12,000 Excellent
$10,000
Good
$8,000
Average
$6,000
Fair
$4,000
2014
2013 Farmland Classification
2015
Total Value per Acre
2016
2017
Change
2018
Avg. Rent Cost per Acre
from prior yr.
Change
from prior yr.
Excellent
$10,400 - $12,800
5-10%
$360
10%
Good
$7,500 - $10,200
5-10%
$320
10%
Average
$6,500 - $8,200
5-10%
$275
No Change
AL FARM
AV G
T
S
OT
.F
2002: 1,285 2007: 1,389 2012: 1,312
ARM SIZE in acres
2002: 449 2007: 396 2012: 470
ES
M A R K ET V in dollars
UE AL
T.
2002: 132,373
ES
2002: 130,928
2007: 224,235 a g ri
so
lt u
ral
ld
2012: 323,295
c
u
produc
ts
ch
a
in dollars
2012: 376,927 ine
ip
of m
M A R K ET V
UE AL
T.
me t n
2007: 176,444
q ry an d e
u
*WHAT THIS MEANS:
Agriculture is a thriving industry in Champaign County with land values on a steady incline while farm sizes are growing and yields are increasing. In fact, according to the USDA, corn and soybean yields in Illinois are the highest ever on record.
17
Entrepreneurship
Sources: University of Illinois Research Park Website
University of Illinois Research Park incubator Notables:
2,100
Employees
66%
remain in champaign county
71%
remain in ILLINOIS
120
companies
venture capital / private equity:
$1.038 Billion Data from 2018.
BOTTOM LINE Supporting these growth entrepreneurs means positive payoffs when it comes to economic growth and prosperity.
18
Tourism
Sources: Visit Champaign County (2018)
Generates Payroll
2018
2017 2016
2015
increases revenue
Tourism supports local jobs and puts money into the pockets of residents
Champaign County’s visitor industry brings in local tax revnue
3,150
$7.6 M
jobs created
Brought In
3,140
$7.4 M
jobs created
Brought In
2,990
$5.6 M
jobs created
Brought In
2,650
$5.4M
jobs created
Brought In
Increases spending Visitors create millions in direct visitor spending
$420.5 M in direct visitor spending
$404.4 M in direct visitor spending
$380.1 M in direct visitor spending
$330.8 M in direct visitor spending
in 2017, the travel industry generated
$90.6 Million
in wages earned in Champaign, Douglas, Moultrie, and Piatt counties
19
RECOGNITIONS
Sources: Niche (2019), Business Insider (2018), Sperling’s Best Places (2018)
University of illinois
Champaign County
Champaign-Urbana
Among top 20 public colleges in the U.S.
Best county to live in: illinois
Best college town population under 250,000
#13
#4
#2
#6
#10
Most diverse school district in america
Most green cities in america
Unit 4 School District
Champaign
2018-2019 Recognitions 4th
Champaign County Best counties for young professionals in Illinois (Niche 2019)
7th
Champaign County Healthiest counties in Illinois (Niche 2019)
County 15th Champaign Best counties for families in Illinois (Niche 2019) County 23rd Champaign Best Counties for Outdoor Activities in Illinois (Niche 2019)
20
Transportation
Sources: Sperling’s Best Places (2018)
Champaign County Commute mode choice
65.3% 14%
drive their own car alone
other
8.5%
8.0%
4.2%
carpool with others Take Mass transit work from home
The typical American commute has been getting longer each year since 2010. The average one-way commute in Champaign County takes 17.9 minutes. That’s shorter than the US average of 26.4 minutes.
Champaign County Commute Time to Work *WHAT THIS MEANS:
Minutes
30-34 25-29
6.7% 6.0%
20-24
16.7%
15-19
23.0%
10-14
24.8%
6-9 >5
12.2% 3.6%
Transportation and infrastructure are vital to a robust economy. Locally, our transportation system has seen exponential growth, with mass transit ridership and airport departures increasing every year for the past few years and our commute time being well below the national average.
$
Willard Airport
21
Total Estimated Annual Impact to Champaign County
$99.75 M
a 34% increase since 2016
Local Jobs Created:
122
visitors per day a 91% increase since 2016
751 with $30M in annual payroll.
Estimated Taxes Generated
$14M
a 39% increase since 2016
Number of passengers departing from willard airport 109,878
2018 2017 2016 2015
104,596 93,136 91,022
The foundation of business
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www.champaigncounty.org/chamber-foundation
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HOW DO I GET SIGNED UP? To take advantage of this program, contact Megan Wendstrand at the Chamber, 217.359.1791 or MeganW@champaigncounty.
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