Benchmark Portal
Benchmarking Livingston County
An Economic Competitiveness Assessment
The goal of this report is to continue to take the pulse of the Livingston County in comparison to a specific competitive set of counties in Michigan and across the United States. The objective is not to make policy recommendations, but to provide clear, unbiased data with regional analysis on a series of metrics that are often applied without context.
Ann Arbor SPARK worked with various groups of stakeholders to produce the initial list of regions and metrics in 2020. This 2022 update has the same goal: develop a comprehensive, accurate picture of the region in comparison to competitor regions. It’s important to note that, for the most part, the data used in this report does not include the effects from the coronavirus pandemic. Therefore, it can be used as a snapshot of the region before it hit, and perhaps as a baseline to aim for after the fact. The data and analysis for each metric answer some questions but may pose new ones.
A Glimpse into the Report
The 2022 Benchmarking Livingston County Report provides a comprehensive overview of key metrics and data, designed to equip you and your business with valuable insights for thriving in Livingston County. Here are a few of the metrics included in the report.
To review the full metrics and information, download the report below.
Average Pay
What it is:
The annual average wage for all industries in Livingston County (plus wages specific to manufacturing).
Why it matters: Competitive wages are necessary to
attract and retain a talented
workforce.
Employees Per Business
What it is: Employees per business is the average number of employees at each business in Livingston County.
Why it matters: A low average number of employees per business indicates that there is a large number of small businesses and sole proprietors in the region.
Household Income
What it is: The median income for all households in Livingston County.
Why it matters: This metric serves as a helpful indicator
of the financial stability of residential
households within a given county or
community.
Unemployment Rate
What it is: The percentage of people in the labor force who are not currently employed but who are actively seeking employment.
Why it matters: The unemployment rate represents a key measure of the labor market.
Get the Full Report
The Benchmarking Livingston County Report is a valuable asset to any business. Download it now!
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