Economic Overview
The local economy is in growth mode, yet still in a space where labor, housing and land are all a value compared to similar and larger markets.
Population grew by 24,232 over the last 5 years and is projected to grow by 27,009 over the next 5 years.
Jobs grew by 7,376 over the last 5 years and are projected to grow by 12,894 over the next 5 years.
Median household income is $9.6K below the national median household income of $62.8K.
Augusta's Largest Industries
| Industry | 2020 Jobs | National Average in 2020 Jobs | 2020 GRP |
|---|---|---|---|
| Government | 57,738 | 39,867 | $6,253,562,847 |
| Health Care and Social Assistance | 32,594 | 34,084 | $2,464,205,571 |
| Retail Trade | 27,211 | 25,601 | $1,784,963,332 |
| Manufacturing | 22,427 | 20,384 | $3,550,070,931 |
| Administrative and Support and Waste Management and Remediation Services | 22,058 | 15,761 | $2,170,054,672 |
| Construction | 21,283 | 15,131 | $2,637,759,234 |
| Accommodation and Food Services | 20,903 | 18,764 | $688,083,947 |
| Other Services (except Public Administration) | 13,447 | 13,552 | $589,795,096 |
| Professional, Scientific, and Technical Services | 10,427 | 17,784 | $1,381,248,035 |
| Transportation and Warehousing | 6,153 | 10,599 | $551,768,391 |
| Wholesale Trade | 5,149 | 9,527 | $916,049,337 |
| Finance and Insurance | 4,151 | 11,077 | $930,841,591 |
| Arts, Entertainment, and Recreation | 3,294 | 3,698 | $193,923,641 |
| Educational Services | 3,009 | 6,718 | $131,307,948 |
| Real Estate and Rental and Leasing | 2,896 | 4,478 | $544,149,132 |
| Utilities | 2,453 | 909 | $1,822,870,267 |
| Agriculture, Forestry, Fishing and Hunting | 2,346 | 3,223 | $130,324,004 |
| Information | 2,249 | 4,732 | $588,707,063 |
| Management of Companies and Enterprises | 464 | 3,824 | $64,427,560 |
| Mining, Quarrying, and Oil and Gas Extraction | 421 | 914 | $82,498,854 |