Lawrence County, Tennessee, has made significant economic strides over the past decade, as outlined in a recent report from the Sycamore Institute. This report highlights key indicators of economic progress within the county.
The population of Lawrence County has notably increased, rising from 41,927 in 2013 to 44,901 in 2023. This growth reflects a trend of heightened interest in the area, likely due to improved living conditions and economic opportunities. During this same period, the median household income also experienced a substantial rise, moving from $37,368 to $53,233. This increase indicates that residents are enjoying better financial stability and an enhanced quality of life.
Additionally, the poverty rate in Lawrence County has declined during this timeframe, dropping from 18.1% to 15.3%. This reduction suggests progress in addressing the economic challenges faced by some residents. Furthermore, educational attainment within the county has improved, with the percentage of residents holding a high school diploma increasing from 79% to 85.5%. This rise in educational achievement plays a crucial role in developing a more skilled workforce.
Homeownership rates in Lawrence County have also seen a slight increase, moving from 75.4% to 76.1%. This uptick in homeownership is a positive sign of economic stability, as more residents are able to invest in property and establish roots in the community.
The announcement did not provide details regarding future developments or contact information. Overall, the report from the Sycamore Institute presents a picture of a county that is making notable progress across various economic dimensions over the past decade.
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