Continued growth in a community’s population is a sign of a healthy economy and reflects upon a location’s livability. Communities that possess a vision for the future and forge strong connections between government, education, business and economic development tend to lead the way.
According to the most recent data available from the U.S. Census Bureau, Taylor County’s population estimate grew at a rate of 4.3 percent between the 2010 Census and July 1, 2018. This growth rate far outdistanced neighboring counties, including Washington (+3.1%), Adair (+ 3.0%), Russell (+ 1.5%), Larue (+0.8%), Casey (- 0.5%), Metcalf (- 0.8%), Green (- 2.0%), Marion (– 2.1%). The state at large grew at a rate of 3 percent during the same time period.
That’s good news for Taylor County’s 25,500-plus residents. Even better is the fact that strong population growth is projected to continue.
“Taylor County has established itself as a hub for employment, education, medical, recreation, shopping, dining, as well as retirement,” said Ron McMahan, executive director and CEO of Team Taylor County. “The U.S. Census Bureau is predicting steady, sustainable growth to continue for Taylor County over the next 10 to 15 years. As the lead agency responsible for implementing economic development strategies for Taylor County, we will be focused on creating and strengthening community and industry partnerships that fuel our projected population growth.”
Also on an upward trend is Taylor County’s per capita income. Per capita income measures the average income earned per person in a given year. According to the U.S. Department of Commerce, Bureau of Economic Analysis, Taylor County’s per capita income grew at a rate of 16.2 percent between 2011 and 2016, compared to 14.5 percent statewide. Most recent data available shows Taylor County’s per capita income at $33,504.
“Team Taylor County’s goal is to raise our per capita income to the state level,” added McMahan. “However, we do not plan to stop there. Ultimately, we strive to reach the national level.”
For more demographics on Taylor County’s workforce, population and industry sectors, visit www.TeamTaylorCounty.com.