Socioeconomic Trend Analysis

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Socioeconomic Trend Socioeconomic Trend AnalysisAnalysis

Reno, NVReno, NV

February 2, 2007February 2, 2007

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Population DensityPopulation Density

Source: Wikipedia Encyclopedia

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Western States Population Density, 2000Western States Population Density, 2000

Census RankPopulationPer Sq. Mile

California 12 217.1

Hawaii 13 188.6

Washington 25 88.6

U.S. Average 80.7

Arizona 36 45.2

Colorado 37 41.5

Oregon 39 35.6

Utah 41 27.2

Nevada 43 18.2

Idaho 44 15.6

New Mexico 45 15.0

Montana 48 6.2

Wyoming 49 5.1

Alaska 50 1.1

Source: Wikipedia Encyclopedia

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NevadaNevada

Source: Bureau of Labor Statistics

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Nevada Metropolitan and Micropolitan Key Nevada Metropolitan and Micropolitan Key Demographic Statistics, 2006Demographic Statistics, 2006

Metropolita

nMicropolita

nSub-Total/Average

StateTotal/Ave

Percent

Of Total

Population 2,314,540 211,399 2,525,9392,575,44

4 98.1%

Households 870,990 80,616 951,606 969,577 98.1%

Families 568,659 57,557 626,216 638,468 98.1%

Ave. HH Size 2.63 2.60 2.62 2.62100.0

%

Median Age 36.2 40.0 36.5 36.5100.0

%

Median Income $55,499 $52,200 $55,191 $55,061

100.2%

Ave. Income $72,294 $64,922 $71,659 $71,392100.4

%

PC Income $27,514 $25,020 $27,302 $27,210100.3

%

Source: U.S. Census Bureau

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OutlineOutline Why data is important in assessing a community? Why data is important in assessing a community?

What types of data are available and where to What types of data are available and where to locate?locate?

How can data be analyzed to better understand How can data be analyzed to better understand my community?my community?

How can data and results be presented to How can data and results be presented to targeted audiences?targeted audiences?

Pacific Northwest Regional Economic Analysis Pacific Northwest Regional Economic Analysis ProjectProject

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Why data is important in assessing my community?Why data is important in assessing my community?

Why Social and Economic Data is Why Social and Economic Data is ImportantImportant

Data is powerful!Data is powerful! Can provide an excellent quantitative Can provide an excellent quantitative

snapshot of a communitysnapshot of a community Single time period (2000 census)Single time period (2000 census) Multiple time periods (1990 census and 2000 census)Multiple time periods (1990 census and 2000 census)

Using both quantitative and qualitative Using both quantitative and qualitative data can better explain cause and effect data can better explain cause and effect relationshipsrelationships

Excellent educational tool for community Excellent educational tool for community leaders and broad community audiencesleaders and broad community audiences

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Types of Data Types of Data AvailableAvailable

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Types of Data AvailableTypes of Data Available Types of DataTypes of Data

Primary DataPrimary Data Collected at the sourceCollected at the source Answers a research questionAnswers a research question Examples – needs assessment, community Examples – needs assessment, community

and policy issuesand policy issues

Secondary DataSecondary Data Collected and published by a third partyCollected and published by a third party Provides a context for better understanding Provides a context for better understanding

a community and issuesa community and issues

1010

Types of Data AvailableTypes of Data Available

Levels of DataLevels of Data

NationalNational

RegionalRegional Multi-stateMulti-state Multi-countyMulti-county

LocalLocal CountyCounty City/Zip CodeCity/Zip Code Census tractCensus tract

1111

Types of Data Available Types of Data Available

Common Sources of DataCommon Sources of Data

FederalFederal

StateState

LocalLocal

PrivatePrivate

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Types of Data Available Types of Data Available

Types of Data and Where to LocateTypes of Data and Where to Locate

Demographic (basic social characteristics)Demographic (basic social characteristics) Employment (resident vs. commuter)Employment (resident vs. commuter) Occupation (employment & Occupation (employment &

unemployment)unemployment) Income (payroll, transfer payments, etc..)Income (payroll, transfer payments, etc..) Trade (output, I-O, business characteristics)Trade (output, I-O, business characteristics)

1313

Types of Data AvailableTypes of Data Available

Types of Data and Where to Locate Types of Data and Where to Locate (cont.)(cont.)

Prices (cost of living, consumer Prices (cost of living, consumer expenditures)expenditures)

Economic Assets (debt finance, Economic Assets (debt finance, research, education, infrastructure)research, education, infrastructure)

Quality of Life (housing, environ, etc…)Quality of Life (housing, environ, etc…) Industry (industrial sectors)Industry (industrial sectors) Firms (profit & nonprofit)Firms (profit & nonprofit)

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Using Data for Using Data for Community Community AssessmentAssessment

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Using Data for AssessmentUsing Data for Assessment

Questions Often AskedQuestions Often Asked What does population tell us about our What does population tell us about our

county/community?county/community? What are the current employment What are the current employment

conditions in our community?conditions in our community? What part of our local economy is growing What part of our local economy is growing

or not growing?or not growing? How does our local economy compare to How does our local economy compare to

other nearby economies?other nearby economies? What are the current economic indicators What are the current economic indicators

for the community or region and how can for the community or region and how can this be used to identify opportunities?this be used to identify opportunities?

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Using Data for AssessmentUsing Data for Assessment

Key Points to Consider when Key Points to Consider when Conducting Demographic and Economic Conducting Demographic and Economic

AnalysisAnalysis

No “single number” represents the local No “single number” represents the local economy.economy.

Make comparisons between other Make comparisons between other communities/counties.communities/counties.

Examine change over time.Examine change over time. A “reality check” is essential. Always be A “reality check” is essential. Always be

willing to use data that is provided by a willing to use data that is provided by a reliable source.reliable source.

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PresentationPresentation

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Data & Analysis PresentationData & Analysis Presentation

Basic Community/County ProfileBasic Community/County Profile

Provides a basic overview of Provides a basic overview of important demographic and economic important demographic and economic indicators.indicators.

Data can be presented in a series of Data can be presented in a series of tables and/or charts.tables and/or charts.

Example – Lincoln County NevadaExample – Lincoln County NevadaFact SheetFact Sheet

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Data & Analysis Presentation Data & Analysis Presentation

Basic MethodsBasic Methods

Absolute Change (two or more Absolute Change (two or more points)points)

Percent Change (two or more points)Percent Change (two or more points) Index Change (comparison to a base Index Change (comparison to a base

year)year) Percent DistributionPercent Distribution

2020

Data & Analysis Presentation Data & Analysis Presentation

Population TrendsPopulation Trends

20022002 19951995 19851985 +/-+/-

% % ChangeChange

85-0285-02

LincolnLincoln 3,8793,879 3,9513,951 3,7803,780 +99+99 +2.6%+2.6%

NyeNye 35,03935,039 23,88223,882 14,57014,570 +20,469+20,469 +140.5%+140.5%

White White PinePine

8,8638,863 9,6099,609 7,7107,710 +1,153+1,153 +15.0%+15.0%

NevadaNevada 2,206,022,206,0222

1,611,591,611,5933

955,81955,8100

+1,250,2+1,250,21212

+130.8%+130.8%

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Data Presentation ExamplesData Presentation Examples

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

1985 1995 2002

Lincoln Nye White Pine

100

150

200

250

1985 1995 2002

Lincoln NyeWhite Pine Nevada

Population (Absolute)

Population (Index)

2222


Employment Trends by Major Economic Employment Trends by Major Economic SectorSector

Lincoln Lincoln CountyCounty 20002000 19901990

20002000

PercenPercentt

19901990

PercenPercentt

% % ChangChang

ee

90-0090-00

FarmFarm 148148 175175 7.37.3 7.37.3 -15.4%-15.4%

TPUTPU 6464 8888 3.23.2 3.63.6 -27.3%-27.3%

Retail TradeRetail Trade 325325 252252 16.116.1 10.410.4 +29.0%+29.0%

ServiceService 653653 1,2051,205 32.432.4 49.849.8 -45.8%-45.8%

GovernmenGovernmentt

602602 537537 29.929.9 22.222.2 +12.1%+12.1%

OtherOther 225225 163163 11.211.2 6.76.7 +38.0%+38.0%

TotalTotal 2,0172,017 2,4202,420 100.0100.0 100.0100.0 -16.6%-16.6%

2323



0

500

1,000

1,500

2,000

2,500

1990 2000

Farm TPURetail Trade ServiceGovernment OtherTotal

-50.00% -25.00% 0.00% 25.00% 50.00%

Farm TPURetail Trade ServiceGovernment OtherTotal

Employment (Absolute)

Employment (% Change)

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7.2%

3.6%

10.4%49.8%

22.2%

6.7%

Farm TPURetail Trade ServiceGovernment Other

7.3%

3.2%

16.1%

32.4%

29.8%

11.2%

Farm TPURetail Trade ServiceGovernment Other

Employment 1990 Employment 2000

2525

Pacific Northwest Pacific Northwest Regional Economic Regional Economic

Analysis ProjectAnalysis Project

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Socioeconomic Trend Analysis