GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME

Looking at the Change in Compounded Annual Growth Rates (CAGR) chart, over the nineyear period the U.S. GRAPHI has increased. This indicates an increase in rental units but also alludes to an increase in rent prices. The state follows the trends of the U.S., indicating that there are more rental units available. However, fewer people are paying more than 30 percent of their gross income on rent compared to the U.S.

When looking at the region, Crawford, Orange, and Pike counties have seen a decrease in people paying over 35 percent of their gross income on rent. An increase in the number of renter units paying over 35 percent of their gross income on rent may indicate that the job market is not paying a wage that supports local rental rates. Conversely, if the number of individuals paying over 35 percent of their gross income has reduced, this could mean that wages are supporting local rent prices, or renters are moving to other locations with less expensive rent.

United States Gross Rent as a Percent of Income (GRAPHI), 2010-2019

Indiana Total Number of Unit s 2010 2019

Gross 300,000 250,000 200,000 150,000 100,000 50,000 -

Rent as a Percent of Income (GRAPHI), 2010-2019

Crawford County Gross Rent as a Percent of

(GRAPHI), 2010-2019

Table A.12.1 – Households: Gross Rent as a Percentage of Income (GRAPHI), 2010

Migration Inflow And Outflow

The table below shows how many people moved in to and out of the region on average between 2015 and 2019. More people are moving out of the region supporting the population decline numbers in Figures A.1 and A.2. Additionally, this table identifies the highest capture of residents from other counties, as well as where the residents leaving the region are moving to most often. This shows a direct connection and indicates if residents are moving more locally or across the broader region.

Table A.13 – Migration Inflow and Outflow Numbers and Location

Source: U.S. Census Flows Mapper

Real Estate Tax Implications

The table below (Real Estate Tax Implications) presents compound annual growth rates for adjusted NAV and property tax rates for each county from 2017 to 2021. The table shows that effective annualized revenue growth (accounting for changes in real estate value and tax rates) increased by between 2.6 percent and 4.1 percent across the noted counties (for context, the Midwest Consumer Price Index grew at a 1.45 percent annual rate over the same period of time).

Table A.14 – Real Estate Tax Implications

Source: State of Indiana

Agriculture Production Insight

Given the concentration of agricultural activities across the region, our analysis shifted to consider changes in the production of prominent field crops (corn, wheat, soybean). The data covers the region and includes the number of acres used for agricultural purposes, as well as the number of tons harvested each year. Combined, this data gives an important measure of land productivity: tons per acre.

While the average number of acres planted has generally decreased from about 36,400 acres in 2001 to 2003 to about 32,900 in 2018 to 2020, agricultural production (tons harvested) has increased. In 2018 to 2020, the region harvested about 13,000 tons more than what it harvested in 2001 to 2003. The fact that average acreage is going down and that average tonnage is going up means land productivity is increasing. Table 15 shows the calculated “tons per acre” for each of the time periods visualized in Figure A.17.

Employment Destination

Of the top 10 municipalities in which workers in the region are employed, only three are outside of the region. This means that several residents work within the region and do not travel outside the region for work. The 10 municipalities shown on this map are Evansville, Owensboro, Washington (outside of the region), Santa Claus, Tell City, Jasper, Huntingburg, Ferdinand, French Lick, and Paoli (these are listed in no particular order). Across these 10 communities, 32 percent of the total employed population of the region work in one of these areas. The other 68 percent not identified can work within or outside of the region, but the communities that are called out have the most residents working in their city or town compared to others both in and outside of the region (Figure A.19 illustrates where additional employment concentrations are located).

Source: U.S. Census On the Map

Figure A.19 depicts the employment concentration of the broader region. This map identified Petersburg, Vincennes, Dale, and Corydon as additional employment concentrations compared to Figure A.18 for residents within the region.