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 25,619 over the last 5 years and is projected to grow by 26,336 over the next 5 years.
Jobs grew by 3,720 over the last 5 years and are projected to grow by 11,881 over the next 5 years.
Median household income is $12.2K below the national median household income of $75.1K.
Augusta's Largest Industries
| Industry | 2023 Jobs | National Average in 2023 Jobs | 2023 GRP |
|---|---|---|---|
| Government | 56,772.00 | 38,862.00 | 7,301,059,643.00 |
| Health Care and Social Assistance | 34,751.00 | 35,267.00 | 2,905,474,245.00 |
| Retail Trade | 27,931.00 | 25,566.00 | 2,547,298,762.00 |
| Manufacturing | 24,903.00 | 20,805.00 | 4,165,267,372.00 |
| Accommodation and Food Services | 24,036.00 | 22,525.00 | 1,008,917,902.00 |
| Administrative and Support and Waste Management and Remediation Services | 23,143.00 | 16,296.00 | 2,386,109,901.00 |
| Construction | 17,232.00 | 15,616.00 | 2,161,961,825.00 |
| Other Services (except Public Administration) | 14,049.00 | 13,315.00 | 792,306,046.00 |
| Professional, Scientific, and Technical Services | 11,539.00 | 19,121.00 | 1,827,500,371.00 |
| Transportation and Warehousing | 7,647.00 | 11,735.00 | 952,355,595.00 |
| Wholesale Trade | 4,783.00 | 9,807.00 | 1,058,442,754.00 |
| Finance and Insurance | 4,311.00 | 11,021.00 | 1,135,842,059.00 |
| Arts, Entertainment, and Recreation | 4,284.00 | 4,793.00 | 251,592,860.00 |
| Real Estate and Rental and Leasing | 3,420.00 | 4,770.00 | 1,142,509,806.00 |
| Educational Services | 3,210.00 | 6,608.00 | 166,685,863.00 |
| Agriculture, Forestry, Fishing and Hunting | 2,702.00 | 3,161.00 | 326,374,793.00 |
| Utilities | 2,490.00 | 920.00 | 2,561,043,419.00 |
| Information | 2,064.00 | 4,998.00 | 580,080,763.00 |
| Management of Companies and Enterprises | 451.00 | 4,011.00 | 69,789,167.00 |
| Mining, Quarrying, and Oil and Gas Extraction | 362.00 | 941.00 | 106,869,277.00 |