THE VILLAGES
Short Term Outlook for The Villages, FL July 2021 2021:Q1 2021:Q2 2021:Q3 2021:Q4 2022:Q1 2022:Q2 2022:Q3 2022:Q4 2023:Q1 2023:Q2 2023:Q3 2023:Q4 2024:Q1
Personal Income (Billions $) Total Personal Income Pct Chg Year Ago Wages and Salaries Nonwage Income
7.5 0.4 1.7 5.8
7.4 1.5 1.7 5.7
7.3 3.5 1.8 5.5
7.4 -10.5 1.8 5.7
7.6 0.3 1.8 5.8
7.7 3.7 1.8 5.8
7.8 6.2 1.9 5.9
7.8 5.4 1.9 6.0
8.0 5.2 1.9 6.1
8.1 5.1 1.9 6.1
8.2 5.4 2.0 6.2
8.3 6.1 2.0 6.3
8.4 6.1 2.0 6.4
Real Personal Income (12$) Pct Chg Year Ago
7.0 -2.4
6.8 -1.0
6.7 1.1
6.8 -12.2
6.9 -1.3
7.0 2.1
7.0 4.5
7.1 3.7
7.1 3.4
7.2 3.2
7.3 3.4
7.4 4.1
7.4 4.0
Per Capita Income (Ths) Real Per Capita Income (12$)
52.7 48.8
51.4 47.5
50.5 46.4
51.1 46.8
51.7 47.2
52.2 47.4
52.5 47.5
52.8 47.5
53.3 47.8
53.8 48.0
54.2 48.2
54.9 48.5
55.4 48.7
Average Annual Wage (Ths) Pct Chg Year Ago
54.0 7.0
54.1 4.5
54.4 3.1
54.6 2.1
55.0 1.7
55.3 2.2
55.8 2.6
56.4 3.3
56.9 3.6
57.5 4.0
58.1 4.2
58.8 4.3
59.4 4.3
Establishment Employment (Place of Work, Thousands, SA) Total Employment Pct Chg Year Ago
31.3 2.8
32.0 1.6
32.4 2.4
32.5 3.8
32.8 4.7
32.9 2.9
33.0 2.1
33.1 1.8
33.3 1.5
33.4 1.4
33.5 1.4
33.6 1.6
33.6 1.1
Manufacturing Pct Chg Year Ago
1.3 12.6
1.3 6.3
1.3 2.7
1.3 0.3
1.3 0.5
1.3 0.0
1.3 0.2
1.3 -0.1
1.3 -0.4
1.3 -0.3
1.3 -0.4
1.3 -0.5
1.2 -0.5
Nonmanufacturing Pct Chg Year Ago
30.1 2.4
30.8 1.4
31.1 2.4
31.2 3.9
31.5 4.9
31.7 3.0
31.8 2.2
31.8 1.8
32.0 1.6
32.2 1.5
32.2 1.4
32.3 1.6
32.4 1.1
Construction & Mining Pct Chg Year Ago
3.7 2.4
3.8 3.3
3.8 2.4
3.8 1.8
3.8 3.3
3.9 2.7
3.9 2.4
3.9 2.2
3.9 1.9
3.9 1.7
3.9 1.8
4.0 1.9
4.0 2.0
Trade, Trans, & Utilities Pct Chg Year Ago
6.4 1.6
6.5 0.8
6.5 -0.3
6.4 -0.2
6.3 -1.2
6.3 -3.5
6.1 -5.2
6.1 -5.0
6.1 -2.7
6.1 -2.9
6.1 -1.2
6.0 -1.0
5.9 -3.3
Wholesale Trade Retail Trade Trans, Wrhsng, & Util
0.9 4.4 1.1
0.9 4.5 1.1
0.9 4.5 1.1
0.9 4.4 1.1
0.9 4.3 1.1
0.9 4.2 1.1
0.9 4.1 1.1
0.9 4.0 1.1
0.9 4.0 1.1
0.9 4.0 1.1
0.9 4.0 1.1
0.9 3.9 1.1
1.0 3.8 1.1
Information Pct Chg Year Ago
0.2 46.5
0.2 16.5
0.2 15.0
0.2 9.8
0.2 6.2
0.2 5.4
0.2 2.5
0.2 -0.1
0.2 0.8
0.2 0.2
0.2 2.7
0.2 3.6
0.2 4.2
Financial Activities Pct Chg Year Ago
1.5 -2.9
1.5 -2.1
1.5 -2.0
1.5 0.3
1.5 1.9
1.5 2.6
1.5 2.4
1.5 1.6
1.5 -1.1
1.5 -3.0
1.5 -2.8
1.5 -2.5
1.5 -0.8
2.2 1.7
2.3 2.8
2.4 4.5
2.5 12.0
2.5 12.8
2.5 8.5
2.5 5.4
2.6 2.2
2.6 1.9
2.6 3.5
2.6 4.0
2.7 4.5
2.7 6.1
Educ & Health Services Pct Chg Year Ago
6.4 -1.8
6.6 -1.9
6.6 -0.9
6.6 1.7
6.7 4.6
6.8 3.6
6.8 2.6
6.8 3.7
6.8 1.3
6.9 0.9
6.9 1.7
7.0 2.1
7.0 2.7
Leisure & Hospitality Pct Chg Year Ago
4.0 16.4
4.2 8.1
4.3 13.5
4.4 16.3
4.5 12.4
4.5 7.3
4.7 9.2
4.7 7.6
4.8 8.2
4.9 8.4
4.9 4.3
4.9 4.7
4.9 1.7
Other Services Pct Chg Year Ago
0.5 -3.2
0.5 0.0
0.5 4.7
0.5 12.6
0.5 12.5
0.6 11.2
0.6 8.1
0.6 5.8
0.6 2.6
0.6 -0.1
0.6 -0.8
0.6 -1.0
0.6 -0.1
1.8 8.2
1.8 3.3
1.8 2.6
1.8 -0.2
1.8 2.8
1.9 2.2
1.9 2.0
1.9 2.1
1.9 1.8
1.9 1.8
1.9 1.8
1.9 1.9
1.9 2.1
3.4 -2.6
3.4 -1.7
3.5 1.2
3.5 1.8
3.6 5.5
3.6 4.4
3.6 3.0
3.6 2.5
3.6 2.0
3.6 1.7
3.6 1.3
3.6 0.9
3.7 0.8
Population (Ths) Pct Chg Year Ago
143.2 3.0
144.0 2.7
144.8 2.6
145.6 2.4
146.3 2.2
147.1 2.1
147.8 2.1
148.6 2.1
149.4 2.1
150.2 2.1
150.9 2.1
151.6 2.0
152.4 2.0
Labor Force (Ths) Pct Chg Year Ago
31.5 3.4
32.0 1.4
32.3 0.1
32.6 4.2
32.8 4.2
33.1 3.4
33.4 3.4
33.6 3.2
33.9 3.2
34.1 2.9
34.3 2.7
34.5 2.5
34.7 2.4
Prof & Business Services Pct Chg Year Ago
Federal Government Pct Chg Year Ago State & Local Government Pct Chg Year Ago Other Economic Indicators
Unemployment Rate (%) Total Housing Starts Single-Family Multifamily
144
3.1
3.0
2.9
2.9
2.9
3.0
3.0
3.0
3.1
3.2
3.3
3.4
3.5
3546.8 3325.0 221.8
3194.0 3057.4 136.6
2935.8 2854.4 81.4
2728.7 2687.4 41.3
2597.9 2554.1 43.8
2494.8 2448.3 46.5
2411.5 2361.5 49.9
2348.8 2295.1 53.8
2308.5 2254.4 54.0
2300.1 2246.2 53.9
2329.9 2275.9 53.9
2333.2 2279.2 54.0
2326.0 2272.6 53.4
Florida & Metro Forecast / July 2021