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Local Business Profile - Lafayette County, Mississippi

Lafayette County, Mississippi is comprised of:
  • Lafayette County, Mississippi

Demographics

Demographic Characteristics
Total population: 50,256
Percent under 5 years: 5.3%
Percent under 18 years: 18.3%
Percent 18 years and over: 81.7%
Percent 65 years and over: 10.7%
Race Breakout
Percent White: 71.71%
Percent Black: 24.29%
Percent American Indian or Alaska Native: 0.04%
Percent Asian: 2.27%
Percent Native Hawaiian or Pacific Islander: 0.05%
Percent two or more races: 1.01%
Percent some other race: 0.63%
Percent Hispanic or Latino (of any race): 2.28%
For more demographic data and margins of error, go here.

Socioeconomic Characteristics
Average household size: 2.72
Average household income: $60,708
Percent in poverty: 26.1%
Percent high school degree or higher: 87.3%
Percent Bachelor's degree or higher: 36.9%
Percent population 16 or over in labor force: 57.4%
Employment rate: 51.7%
Percent with a disability: 10.5%
Percent with health insurance coverage: 85.3%
Average travel time to work (mins.): 17.9
Percent workers using public transportation: 0.5%
Percent veterans: 5.5%
Percent foreign born: 3.0%
Percent speaking Spanish at home: 2.1%
For more social characteristic data and margins of error, go here, and for more economic characteristic data and margins of error, go here.

Housing Characteristics
Owner-occupied housing units: 9,825
Renter-occupied housing units: 6,732
Single-family detached housing units: 14,514
Homeownership rate: 59.3%
Vacancy rate: 28.6%
Average value of owner-occupied housing units: $194,803
Average rent (housing): $722
Average monthly owner cost (with a mortgage): $853
For more housing characteristic data and margins or error, go here.
Source: 2010-2014 American Community Survey 5-Year Estimates

Businesses

     Employer and Nonemployer Businesses
NAICS Sector
# Employer Businesses Employment of Employer Businesses Annual Payroll of Employer Businesses ($M) Receipts of Employer Businesses ($M) # Nonemployer Businesses Receipts of Nonemployer Businesses ($M)

00: All Sectors 1,067 14,001 454.9 N/A 3,634 187.9
11: Agriculture 5 52 1.2 N/A 29 0.9
21: Mining 2 N/A N/A N/A N/A N/A
22: Utilities 11 88 4.4 N/A 12 0.5
23: Construction 69 645 20.7 N/A 437 39.6
31-33: Manufacturing 18 1,405 72.2 N/A 44 1.0
42: Wholesale 32 259 9.2 161.2 57 3.5
44-45: Retail 203 2,551 53.7 548.8 278 14.3
48-49: Transportation & Warehousing 20 119 4.2 N/A 112 6.7
51: Information 20 N/A N/A N/A 71 1.6
52: Finance & Insurance 76 441 24.0 N/A 140 13.3
53: Real Estate & Rental & Leasing 46 124 3.6 24.5 432 50.0
54: Prof., Sci., & Tech. Services 117 1,005 63.7 167.9 541 21.8
55: Mgmt of Companies & Enterprises 7 N/A N/A N/A N/A N/A
56: Admin. & Support & Waste Mgmt. & Remed. 43 470 9.7 22.9 312 6.0
61: Educational Services 12 78 2.2 N/A 147 2.0
62: Health Care & Social Assistance 127 2,669 110.2 363.2 248 9.1
71: Arts, Entertainment, & Recreation 17 105 1.9 4.1 223 3.9
72: Accommodation & Food Services 133 2,899 40.8 135.6 52 2.2
81: Other Services 108 770 22.4 87.9 498 11.2



     Key Ratios for Employer and Nonemployer Businesses
NAICS Sector
Employees per Business Annual Payroll per Employee ($) Receipts per Business ($1,000) Population per Business Receipts per Nonemployer Business ($1,000)

00: All Sectors 13 32,488 0 46 51,701
11: Agriculture 10 22,808 0 9,781 30,276
21: Mining N/A N/A N/A 24,453 N/A
22: Utilities 8 49,568 N/A 4,446 45,583
23: Construction 9 32,136 0 709 90,666
31-33: Manufacturing 78 51,367 0 2,717 23,182
42: Wholesale 8 35,683 5,202 1,528 62,246
44-45: Retail 13 21,047 2,601 241 51,309
48-49: Transportation & Warehousing 6 35,092 0 2,445 60,036
51: Information N/A N/A N/A 2,445 22,352
52: Finance & Insurance 6 54,524 N/A 643 94,993
53: Real Estate & Rental & Leasing 3 28,895 571 1,063 115,815
54: Prof., Sci., & Tech. Services 9 63,394 1,460 418 40,373
55: Mgmt of Companies & Enterprises N/A N/A N/A 6,986 0
56: Admin. & Support & Waste Mgmt. & Remed. 11 20,726 573 1,137 19,096
61: Educational Services 7 27,782 N/A 4,075 13,755
62: Health Care & Social Assistance 21 41,294 2,882 385 36,863
71: Arts, Entertainment, & Recreation 6 18,086 274 2,877 17,605
72: Accommodation & Food Services 22 14,064 1,060 368 43,077
81: Other Services 7 29,069 1,395 453 22,458

Source: 2013 County Business Patterns, 2012 Nonemployer Statistics and 2012 Economic Census


     Percent of Employer Businesses by Owners Race, Ethnicity, Gender and Veteran Status
NAICS Sector
White Black or African American American Indian and Alaska Native Asian Hispanic Minority Female- owned Male- owned Veteran- owned

00: All Sectors 72.33% 1.05% N/A 5.81% 1.74% 8.60% 17.09%  53.95% 6.63%
11: Agriculture N/A N/A N/A N/A N/A N/A N/A  N/A N/A
21: Mining N/A N/A N/A N/A N/A N/A N/A  N/A N/A
22: Utilities N/A N/A N/A N/A N/A N/A N/A  N/A N/A
23: Construction 90.00% 10.00% N/A N/A N/A 10.00% 5.00%  92.50% N/A
31-33: Manufacturing 93.94% N/A N/A N/A N/A N/A N/A  63.64% N/A
42: Wholesale 89.47% N/A N/A N/A N/A N/A N/A  84.21% N/A
44-45: Retail 72.29% N/A N/A N/A N/A 8.43% 20.48%  54.82% N/A
48-49: Transportation & Warehousing 95.00% N/A N/A N/A N/A N/A 5.00%  90.00% N/A
51: Information 71.43% N/A N/A N/A N/A N/A N/A  71.43% 28.57%
52: Finance & Insurance 61.22% N/A N/A N/A N/A N/A 16.33%  42.86% 14.29%
53: Real Estate & Rental & Leasing 83.33% N/A N/A N/A N/A N/A 73.33%  10.00% N/A
54: Prof., Sci., & Tech. Services 93.28% N/A N/A N/A N/A N/A 3.73%  75.37% 22.39%
55: Mgmt of Companies & Enterprises N/A N/A N/A N/A N/A N/A N/A  N/A N/A
56: Admin. & Support & Waste Mgmt. & Remed. 84.38% N/A N/A N/A N/A N/A 9.38%  62.50% 6.25%
61: Educational Services 66.67% N/A N/A N/A N/A N/A 50.00%  N/A N/A
62: Health Care & Social Assistance 65.85% 6.10% N/A N/A N/A 13.41% 39.02%  39.02% N/A
71: Arts, Entertainment, & Recreation 95.24% N/A N/A N/A N/A N/A N/A  66.67% N/A
72: Accommodation & Food Services 34.78% N/A N/A 26.96% N/A 33.91% 12.17%  31.30% N/A
81: Other Services 76.19% N/A N/A N/A N/A 7.94% 22.22%  44.44% N/A

Source: 2012 Survey of Business Owners


     Percent of Nonemployer Businesses by Owners Race, Ethnicity, Gender and Veteran Status
NAICS Sector
White Black or African American American Indian and Alaska Native Asian Hispanic Minority Female- owned Male- owned Veteran- owned

00: All Sectors 76.78% 20.26% 0.81% 1.29% 0.75% 23.04% 35.51% 57.27% 12.92%
11: Agriculture N/A N/A N/A N/A N/A N/A N/A N/A N/A
21: Mining N/A N/A N/A N/A N/A N/A N/A N/A N/A
22: Utilities N/A N/A N/A N/A N/A N/A N/A N/A N/A
23: Construction 66.17% 32.58% N/A N/A N/A 34.59% 7.02% 92.98% 9.27%
31-33: Manufacturing 70.37% N/A N/A N/A N/A N/A N/A 59.26% N/A
42: Wholesale 94.12% N/A N/A N/A N/A N/A N/A 58.82% 58.82%
44-45: Retail 76.76% 21.58% N/A N/A N/A 24.07% 62.24% 29.88% N/A
48-49: Transportation & Warehousing 70.00% 29.23% N/A N/A N/A 30.00% 28.46% 71.54% N/A
51: Information 85.14% N/A N/A N/A N/A N/A N/A 60.81% 32.43%
52: Finance & Insurance 89.07% N/A N/A N/A N/A 20.22% 28.42% 69.95% 13.66%
53: Real Estate & Rental & Leasing 99.67% N/A N/A N/A N/A N/A 14.01% 83.06% 33.22%
54: Prof., Sci., & Tech. Services 93.77% N/A N/A N/A N/A 6.75% 38.06% 61.94% 19.03%
55: Mgmt of Companies & Enterprises N/A N/A N/A N/A N/A N/A N/A N/A N/A
56: Admin. & Support & Waste Mgmt. & Remed. 60.07% 39.18% N/A N/A N/A 41.42% 42.16% 48.13% 11.19%
61: Educational Services 79.86% 19.44% N/A N/A N/A 24.31% 59.03% N/A N/A
62: Health Care & Social Assistance 58.92% 35.14% N/A N/A N/A 40.54% 72.97% 26.49% N/A
71: Arts, Entertainment, & Recreation 96.41% N/A N/A N/A N/A N/A 26.15% 48.72% N/A
72: Accommodation & Food Services 64.79% N/A N/A N/A N/A 33.80% 42.25% 56.34% N/A
81: Other Services 58.90% 38.58% N/A N/A N/A 41.10% 46.58% 47.03% 10.05%

Source: 2012 Survey of Business Owners

Consumer Spending
Total Consumer Expenditures ($1,000): $1,107,766

Consumer Expenditures on:
Dining out: $51,767
Entertainment/Recreation: $50,686
Financial investments: $36,125
Health care: $71,764
Household services: $27,016
Housing: $329,990
Personal care products and services: $12,033
Local transportation: $169,788
Travel: $27,882

Source: Esri (2015)


D - Data withheld to avoid disclosing information for individual companies
N/A - Data or ratio are not available
Note: For information on survey methodology, see the Source links above. The 2000 decennial income data are based on 1999 income. All business data dollar figures are shown in current dollars for the period shown, are not adjusted for inflation, and do not reflect change in prices.