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Economy Overview <br />Takeaways <br />As of 2018 the region's populaon increased by 6.1% since 2013, growing by 5,515. Populaon is expected to increase by 5.0% <br />between 2018 and 2023, adding 4,781. <br />From 2013 to 2018, jobs increased by 2.8% in Sherburne County, MN from 29,475 to 30,291. This change fell short of the <br />naonal growth rate of 8.2% by 5.4%. As the number of jobs increased, the labor force parcipaon rate decreased from 70.6% <br />to 69.7% between 2013 and 2018. <br />Concerning educaonal a0ainment, 18.6% of Sherburne County, MN residents possess a Bachelor's Degree (the same as the <br />naonal average), and 13.1% hold an Associate's Degree (5.0% above the naonal average). <br />The top three industries in 2018 are Educaon and Hospitals (Local Government), Restaurants and Other Eang Places, and <br />Local Government, Excluding Educaon and Hospitals. <br />2018 Labor Force Breakdown <br />95,588 30,291 $83.9K <br />Populaon (2018) Total Regional Employment Median Household Income (2017) <br />Populaon grew by 5,515 over the <br />last 5 years and is projected to <br />grow by 4,781 over the next 5 <br />years. <br />Jobs grew by 816 over the last 5 <br />years and are projected to grow by <br />1,496 over the next 5 years. <br />Median household income is <br />$26.2K above the naonal median <br />household income of $57.7K. <br />Region 95,588 52,254 30,291 99.7 $3.22B $5.67B $3.37B <br />State 5,610,460 3,089,804 3,175,267 102.0 $365.94B $255.75B $301.30B <br />Naon 328,038,851 162,488,483 162,744,861 100.0 $20.15T $0 $8.59T <br />Populaon <br />(2018) <br />Labor Force <br />(2018) Jobs (2018) <br />Cost of <br />Living GRP Imports Exports <br />Economy Overview <br />Emsi Q2 2019 Data Set | www.economicmodeling.com