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2005 Performance Based Budget
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2005 Performance Based Budget
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12/19/2007 1:34:00 PM
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unemployment rate of around 4.7% which compares favorably to the December 2004 national <br />and State of Indiana rates of 5.0% and 4.8%, respectively. <br />The 2004 employment prof le for St. Joseph County provides a good overview of the economic <br />make-up of this community. Employment statistics for the County's major economic sectors are <br />as follows: <br />Economic Sector <br />Construction <br />Manufacturing <br />Transportation, Communication <br />& Public Utilities <br />Wholesale Trade <br />Retail Trade <br />Finance, Insurance & Real Estate <br />Services <br />Governmental (excluding Federal) <br />Number Employed <br />7,241 <br />21,569 <br />4,638 <br />8,556 <br />25,461 <br />6,391 <br />41,644 <br />11,932 <br />of Total <br />5.62% <br />16.74% <br />3.60% <br />6.64% <br />19.76% <br />4.96% <br />32.32% <br />9.26% <br />St. Joseph County presently has an estimated 98,500 households with per household income as <br />follows: 12% with household incomes that exceed $75,000; 18% with incomes $50,000 to <br />$75,OOD; 25 % with incomes $35,000 to $49,999; 18% with incomes $25,040 to $34,999; 15% <br />with incomes $15,000 to $24,999; and the remaining 12% with household incomes under <br />$15,000 per year. The median household effective buying income (disposable income after <br />taxes) in the County in 2000 was $40,420, which equated to more than $4.36 billion in effective <br />buying income for this area. <br />Health and education lead the employment statistics for St. Joseph County. The largest <br />employers in the County as of December 2004 were as follows: University of Notre Dame <br />(4,802); Memorial Health System (3,493); South Bend Community School Corporation (3,303); <br />Saint Joseph Regional Medical Center, Inc (2,935); The Diocese of Fort Wayne/South Bend <br />{2,500); AM General (2,151); St. Joseph County (1,750); Martin's Super Markets (1,484); City <br />of South Bend (1,400} and Indiana University South Bend (1,300). <br />The following provides a profile of the adult population residing in St. Joseph County: <br />Gender: 48% male; 52% female <br />Age: 16.1% 18-24 years of age, 13% 25-34 years of age; 14.8% 35-44 <br />years of age; 13.1% 45-54 years of age; 7.$% 55-64 years of age; <br />and 13.6% 65 years or older <br />Race: 82.4% White; 11.5% Black/African American; 4.7% <br />Hispanic/Latino; 1 % Asian; and 1 °/n Other <br />Marital Status: 59% Married; 18% Widowed/Divorced/Separated; and 23% Single <br />Home Ownership: 78% own; 22% rent <br />Type of Dwelling: 84% single unit; 16% other <br />The cost of living continues to be one of the greatest advantages of living in this community. The <br />housing costs in South Bend are well below the national and regional averages. During the <br />second quarter of 2004, the median sales price for a single family home (per the National and <br />Indiana Association of Realtors) for the nation and the Midwest were $191,300 and $157,200, <br />v <br />
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