Why Atlantic County?



Why Atlantic County

Atlantic County Business Climate

August 2019

Atlantic County Economic Trends

Total Non-Farm Employment
June 2019
135,400
June 2018
133,000

+2,400
▲ Increased 1.8%

Source:  Federal Reserve Economic Data,
St. Louis, 8/5/2019

Median Household Income
June 2017
$62,777
June 2016
$56,778

▲ Increased 8.8%

Source:  U.S. Census Bureau
American Community Survey, 5 year estimates

Unemployment Rate
June 2019
4.0%
June 2018
5.8%

▼ Declined 1.8%

Source:  Federal Reserve Economic Data,
St. Louis, 8/5/2019

Atlantic County Gross Domestic Product
(In millions)
June 2017
$13,122
June 2016
$12,908

+214
▲ Increased 1.7%

Source:  U.S. Census Bureau
American Community Survey, 5 year estimates

Real Estate Vacancy Rates

Industrial

7.2% ▼ declined -.6%

Office

9.0% ▲ increased +.9%

Retail

5.9% ▲ increased +.8%

Source: CoStar, 2Q 2019 vs. 2Q 2018, 8/5/2019

County Bond Ratings

Moody: Aa2

No change over 2018, stable

S&P: AA

No change over 2018, stable