LotsCap

Economy Profile

Ontario County

  • New York State
  • October, 2024
TSAC-CFD-36069

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 7733430
AVG Real Growth (2017-2022)
1.1 %
Unemployment Rate (May, 2024)
3.5 %
Labor Force Size
56388
Number of Businesses
3300
Average Annual Wage
$ 61481

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 7733430
GDP Per Capita
$ 68871
GDP Growth Rate (2022)
1.5 %
Average Growth Rate (2017-2022)
1.1 %
Goods Producing Contribution (%)
25.5%
Service Providing Contribution (%)
61.6%
Goverment Contribution
12.8%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
56388
Labor Force Growth
-0.78%
Unemployment
1963
Unemployment Rate
3.5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
77.3%
Employment Rate (with Bachelor's Degree)
85.6%
Employment Rate (75+ y.o.)
5.5%
Employment Rate (Black)
42.9%
Employment Rate (Female)
74.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
3300
Number of Employment
52232
Annual Average Wages
$ 61481
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 76249
Service-providing (avg pay)
$ 56596
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 76603
Household Income (Median)
$ 101686
Per Capita Income
$ 43046
Per Capita Income Growth (2010-2022)
48.7 %
Gini Index
0.4420*
Poverty Rate
9.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov