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Economies of Volusia and Flagler Counties

Flagler

A wide variety of Housing Options: for the on-the-go millennial to the CEO; Stellar rated Schools with Flagship Programs and Outdoor Adventures which includes: 19 miles of pristine Atlantic beaches, 125 miles of biking & hiking trails, Great Florida Birding & Wildlife Trails, boating & fishing, and innumerable acres parks for the young and young-at-heart.

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Volusia

The median household income in Volusia County, FL is $50,361. In 2018, the tract with the highest Median Household Income in Volusia County, FL was Census Tract 826.06 with a value of $82,283, followed by Census Tract 832.08 and Census Tract 827.04, with respective values of $79,130 and $79,071.

Males in Florida have an average income that is 1.34 times higher than the average income of females, which is $46,953. The income inequality in Florida (measured using the Gini index) is 0.473, which is lower than than the national average.

The economy of Volusia County, FL employs 235k people. The largest industries in Volusia County, FL are Retail Trade (33,285 people), Health Care & Social Assistance (30,568 people), and Accommodation & Food Services (21,140 people), and the highest paying industries are Information ($67,008), Utilities ($60,561), and Finance & Insurance ($47,363).

 

Volusia County has a strong and growing economy and is home to over 13,000 enterprises that produce or provide a variety of goods and services. Our companies transact business locally and globally, contributing annually to the $15 billion GDP generated within the Deltona-Daytona Beach-Ormond Beach MSA.

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Palm Coast

Palm Coast’s economy is growing! The trend is upward for building activity, commercial and residential permitting, and building permit revenues.

The redeveloped Island Walk Shopping Center is perhaps the City’s most visible recent commercial development, with a new Publix, Hobby Lobby and dozens of other retail stores and restaurants near I-95 and Palm Coast Parkway. The State Road 100 corridor is also seeing new growth with construction of an Aldi grocery story and Tractor Supply planned in 2016.

The new I-95 interchange at Matanzas Woods Parkway – the third I-95 interchange for Palm Coast – provides opportunities for neighborhood commercial development on the northern end of the City.

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Some data compiled from the local governments in Volusia, Flagler and Palm Coast Counties 

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